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Which among the following sectors contributes most to the saving in India?a. Banking and financial sector b. Private corporate sector c. Export sector d. Household sector Answer d. Household sectorThe EXIM bank of India was established in ____a. 1964 b. 1970 c. 1982 d. 1984 Answer c. 1982 * Export-Import Bank of India is the premier export finance institution in India, established in 1982 under the Export-Import Bank of India...
Government of India, for the first time nationalized 14 large commercial banks in the year ? a. 1956 b. 1969 c. 1959 d. 1972Answer :1969 The following 14 Major Commercial Banks were nationalized on 19th July 1969 during the then Prime Minister of India, Mrs.Indira Gandhi:-1. Allahabad Bank-Founded by a Group of Europeans on 24th April 1865 at Allahabad 2. Bank of Baroda-Founded in the year...
Which of the following can be called as ‘National Income’? (a) Net National Income at factor cost (b) Gross National Income at factor cost (c) Net Domestic Product at factor cost (d) Gross Domestic Product at factor cost (e) None of theseAnswer (a) Net National Income at factor costWhat is ‘STT’? (a) Standard Transaction Tax (b) Securities transaction tax (c) Securities transfer tax (d) Standard transfer tax (e)...
Who regulates chit funds in India? (a) Government of India (b) State Governments (c) Not regulated at all (d) Concerned Districts (e) None of theseAnswer (b) State GovernmentsIf the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank’s credit situation? (a) It will be reduced (b) It will be increased (c) It will remain unaffected (d) None of theseAnswer (a) It will be reduced...
Expand FRBM. (a) Financial Responsibility and Budget Management (b) Fiscal Responsibility and Budget Maintenance (c) Fiscal Responsibility and Budget Management (d) Fiscal Risk and Budget Management (e) None of theseAnswer (c) Fiscal Responsibility and Budget ManagementDeficit financing can (these are also demerits of it) (a) Cause inflation (b) Bring rise in fiscal deficit (c) Bring rise in credit creation in banks (d) All above (e) None of the...
If the RBI wants to infuse credit in Banking system in our country, which of the followings can be done? (a) Decreasing CRR (b) Decreasing SLR (c) Both (a) and (b) (d) None of the aboveAnswer (c) Both (a) and (b)Buying and selling of eligible securities by RBI in the money market can be termed as (a) Open Economy Operations (b) Open Market Operations (c)...
Rare family picture of Sachin TendulkarBanknotes can be issued in any denominations but coins can be issued up to what denomination? (a) Rs. 5000 (b) Rs. 1000 (c) Rs. 500 (d) Rs. 100 (e) None of theseAnswer (b) Rs. 1000Consider these statements:- Statement I – One rupee note is the liability of GOI. Statement II – Two rupee note is the liability of RBI. (a) Both...
The tax payers data flows directly from banks to Tax Information Network (TIN). Who maintains TIN? (a) RBI (b) National Securities Depository Ltd. (c) National Securities Defense Ltd. (d) Enforcement Directorate (e) None of theseAnswer (b) National Securities Depository Ltd.What is the meaning of ‘I promise to pay’ clause written on notes? (a) The bank’s obligation to pay the value of banknote does not...
Who compiles Economic Survey report in India? (a) RBI (b) Ministry of Finance (c) SEBI (d) IRDA (e) (a) and (b) combinedAnswer (b) Ministry of FinanceSEBI is a (a) Constitutional body (b) Statutory body (c) Advisory body (d) Non-statutory body (e) None of theseAnswer (b) Statutory bodyWho nominates directors on the central board of RBI? (a) Governor of RBI (b) Government of India (c) A Panel of all commercial banks (d) Empowered...
Which of the following is not shared by the centre and the states? (a) Income tax (b) Corporation tax (c) Sales tax (d) None of these (e) All of theseAnswer (c) Sales taxCredit is a (a) Stock concept (b) Flow concept (c) A stock-flow concept (d) A holding concept (e) None of theseAnswer (c) A stock-flow conceptThe place where bankers meet and settle their mutual claims and accounts...

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