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MCQs

Total Questions : 650 | Page 3 of 65 pages
Question 21. Consider the following statements:

  1. Indian Clearing Corporation has been granted the status of Qualified Central Counterparty (QCCP) by RBI.

  2. QCCP status means to adheres to the principles for Financial Market Infrastructure.


Which of the statements given above is/are correct?
  1.    1 and 2
  2.    2 only
  3.    1 only
  4.    None
 Discuss Question
Answer: Option B. -> 2 only
Answer: (b)
The Reserve Bank of India granted the status of Qualified Central Counterparty to Clearing Corporation of India Ltd. (CCIL).
QCCP status means that CCIL now adheres to the principles for Financial Market Infrastructure an international standard to handle counterparty risk on derivatives.
Question 22. Planning and control are so related that
  1.    Control initiates planning
  2.    Planning initiates control
  3.    Both are equivalent
  4.    Both go on simulta-neously in cycle
 Discuss Question
Answer: Option D. -> Both go on simulta-neously in cycle
Answer: (d)
Planning and control are two basic and interrelated managerial functions. They are so interrelated that they can be and often are considered as being one function.
Planning is the preparation activity while control is the post-operation function. Both of them are so closely related that they are treated as Siamese twins.
Planning sets the objectives, goals, targets on the basis of available resources with their given constraints. Control is an integral part of effective planning.
Similarly, control involves assessment of the performance, such assessment can be made effective only when some standards are set in advance.
Question 23. Which from the following is not a Navaratna PSU ?
  1.    LIC
  2.    SAIL
  3.    IOC
  4.    ONGC
 Discuss Question
Answer: Option A. -> LIC
Answer: (a)
Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants".
Life Insurance Corporation has not been conferred this status.
Question 24. Consider the following statements:

  1. The RBI has the power to print currency notes of up to Rs.10,000

  2. At present, notes of Rs.10, Rs.100, Rs.500 and Rs.1,000 are only printed.

  3. RBI has recently decided to withdraw from the circulation of currency notes that had been issued prior to 2003.


Which of the statements given above is/are correct?
  1.    1 and 2 both
  2.    2 only
  3.    1 only
  4.    1, 2 and 3
 Discuss Question
Answer: Option B. -> 2 only
Answer: (b)
At present, notes of Rs. 10, Rs. 100, Rs. 500 and Rs. 1,000 are only printed.
The RBI has decided on 26 June 2015 to withdraw from the circulation of currency notes issued prior to 2005 by June 30, 2016.
Question 25. The Centre for Agricultural Marketing is located at
  1.    New Delhi
  2.    Jaipur
  3.    Nagpur
  4.    Hyderabad
 Discuss Question
Answer: Option B. -> Jaipur
Answer: (b)
The Chaudhary Charan Singh (CCS) National Institute of Agricultural Marketing (NIAM) is a premier National level Institute set up by the Government of India in August 1988 to offer specialized Training, Research, Consultancy and Education in Agricultural Marketing. NIAM is an autonomous body under the aegis of the Ministry of Agriculture, Government of India.
It was set up as a Registered Society to cater to the needs of Agricultural Marketing personnel in India as well as from South-East Asian countries. The Union Minister for Agriculture is the President of the General body of NIAM and the Secretary, Department of Agriculture and Cooperation is the Chairman of the Executive Committee.
The Campus of the National Institute of Agricultural Marketing is situated m a 32-acre plot of land on the outskirts of Jaipur City.
Question 26. Reserve bank of India was nationalised in :
  1.    1951
  2.    1949
  3.    1947
  4.    1935
 Discuss Question
Answer: Option B. -> 1949
Answer: (b)
The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948.
Since then, RBI started working as a government-owned central bank of India. It was founded on 1 April 1935.
Question 27. Note-issuing department of RBI should always possess the minimum gold stock of worth—
  1.    Rs. 115 crore
  2.    None of these
  3.    Rs. 200 crore
  4.    Rs. 85 crore
 Discuss Question
Answer: Option A. -> Rs. 115 crore
Answer: (a)
Question 28. The Indian economy is characterised by
  1.    low per capita income
  2.    all of the above
  3.    massive unemployment
  4.    pre-dominance of agriculture
 Discuss Question
Answer: Option B. -> all of the above
Answer: (b)
The Indian Economy is characterised by the predominance of agriculture, low per capita income and massive unemployment.
In India contribution of agriculture to GDP is around 13.7%. Per capita income, a gauge for measuring living standards, is estimated at Rs. 5,729 per month in 2012–13 which is low as compared to other developing nations like China having per capita income to be $6091.
In India, the rate of unemployment is around 9.9 % which is higher than other developing nations like China which has an unemployment rate of 4.1.
Question 29. Agriculture should serve as an instrument of income, livelihood and opportunity to the local community — this statement was given by
  1.    Dr Manmohan Singh
  2.    Dr Madhavan Nair
  3.    Dr Abdul Kalam
  4.    Dr M S Swaminathan
 Discuss Question
Answer: Option D. -> Dr M S Swaminathan
Answer: (d)
According to M.S. Swaminathan, agriculture must serve as an instrument of income and livelihood opportunity as well as food production.
He argues that the economic benefits of agro-processing and agribusiness should be taken to poor families through rural value-added enterprises and partnerships with the private sector.
Question 30. A dual economy means:
  1. The existence of black money and white money
  2. The existence of agriculture and industry
  3. The existence of commercial agriculture with subsistence farming
  4. Modern industry and commercial agriculture coexisting with subsistence farming and traditional handicrafts
  1.    1, 2 and 4
  2.    2, 3 and 4
  3.    1 only
  4.    All of these
 Discuss Question
Answer: Option B. -> 2, 3 and 4
Answer: (b)

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