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MCQs

Total Questions : 874 | Page 3 of 88 pages
Question 21. Who is the 'lender of the last resort' in the banking structure of India?
  1.    State bank of India
  2.    Reserve bank of India
  3.    EXIM bank of India
  4.    Union bank of India
 Discuss Question
Answer: Option B. -> Reserve bank of India
Question 22. In order to control credit, Reserve Bank of India should
  1.    Increase CRR and decrease Bank rate
  2.    Decrease CRR and reduce Bank rate
  3.    Increase CRR and increase Bank rate
  4.    Reduce CRR and increase Bank rate
 Discuss Question
Answer: Option C. -> Increase CRR and increase Bank rate
Question 23. ____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks
  1.    Repo rate
  2.    Bank rate
  3.    Prime lending rate
  4.    Reverse repo rate
 Discuss Question
Answer: Option B. -> Bank rate
Question 24. Credit creation power of the commercial banks gets limited by which of the following?
  1.    Banking habits of the people
  2.    Cash Reserve Ratio
  3.    Credit policy of the central bank
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Question 25. Which among the following is a function of the Reserve Bank of India?
  1.    Bank issues the letters of credit to their customers certifying their credibility
  2.    Collecting and compilation of statistical information relating to banking & other financial sector
  3.    Banks underwrite the securities issued by public or private organizations
  4.    Accepting deposits from the public
 Discuss Question
Answer: Option B. -> Collecting and compilation of statistical information relating to banking & other financial sector
Question 26. Number of times a unit of money changes hands in the course of a year is called
  1.    Supply of money
  2.    Purchasing power of money
  3.    Velocity of money
  4.    Value of money
 Discuss Question
Answer: Option C. -> Velocity of money
Question 27. Normally a demand curve will have the shape
  1.    Horizontal
  2.    Vertical
  3.    Downward sloping
  4.    Upward sloping
 Discuss Question
Answer: Option C. -> Downward sloping
Question 28. What is meant by Autarky in international trade?
  1.    Monopoly in international trade
  2.    Imposition of restrictions in international trade
  3.    Removal of all restrictions from international trade
  4.    The idea of self sufficiency and no international trade by a country
 Discuss Question
Answer: Option D. -> The idea of self sufficiency and no international trade by a country
Question 29. Who defined Economics as a 'science which studies human behaviour as a relationship betweeen ends and means which have alternative uses'?
  1.    L. Robbins
  2.    Alfred Marshall
  3.    Joan Robinson
  4.    Paul A. Samuelson
 Discuss Question
Answer: Option A. -> L. Robbins
Question 30. Law of demand shows relation between
  1.    Income and price of commodity
  2.    Price and quantity of commodity
  3.    Income and quantity demanded
  4.    Quantity demanded and quantity supplied
 Discuss Question
Answer: Option B. -> Price and quantity of commodity

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