Lakshya Education MCQs

Question: Which among the following schemes of the Government was launched with an objective of a slum free India?
(A) Indira Awas Yojana
(B) Rajiv Awas Yojana
(C) Ambedkar Awas Yojana
(D) Grahalaxmi Scheme
Options:
A.Only A
B.Only B
C.Only C
D.Only D
Answer: Option B

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Question 1. The network for common data communication for banks and FIs launched by RBI :
  1.    BANKNET
  2.    INFINET
  3.    SWIFT
  4.    INTERNET
Answer: Option A
Question 2. Certificate of Deposit (CD) is a _____ instrument.
  1.    Short term
  2.    Long term
  3.    Negotiable money market
  4.    Unsecured money market
Answer: Option C
Question 3. Which one of the following is not a 'Money Market Instrument'?
  1.    Treasury Bills
  2.    Commercial Paper
  3.    Certificate of Deposit
  4.    Equity Shares
Answer: Option D
Question 4. The difference between the outflow and inflow of foreign currency is known as ___
(A) Foreign Exchange Reserves
(B) Current Account Deficit
(C) Fiscal Deficit
(D) Balance of Payments
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Only D
Answer: Option B
Question 5. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within ________.
  1.    30 Days
  2.    60 Days
  3.    75 Days
  4.    90 Days
Answer: Option C
Question 6. Which one of the following was the purpose of the appointment of Rangachary committee?
(A)Taxation of software Development Centres & IT Sector.
(B)Taxation of Biotechnology and Pharmacy sector.
(C)Taxation of MSME sector.
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Both B and C
Answer: Option A

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