MCQs
Total Questions : 131
| Page 8 of 14 pages
Answer: Option C. -> predominantly by market mechanism
Answer: (c)A flexible exchange rate system is a kind of a monetary system which allows the exchange rate to be regulated by supply and demand in relation to other currencies.
Answer: (c)A flexible exchange rate system is a kind of a monetary system which allows the exchange rate to be regulated by supply and demand in relation to other currencies.
Answer: Option D. -> Mumbai
Answer: (d)The head office of the National Bank for Agriculture and Rural Development (NABARD) is located in Mumbai. It helps farmers access timely and adequate credit. Current Chairman - Dr. Harsh Kumar Bhanwala
Answer: (d)The head office of the National Bank for Agriculture and Rural Development (NABARD) is located in Mumbai. It helps farmers access timely and adequate credit. Current Chairman - Dr. Harsh Kumar Bhanwala
Answer: Option D. -> Imperfect banknote
Answer: (d)
Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.
Answer: (d)
Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.
Answer: Option D. -> DCB Bank
Answer: (d)DCB Bank, launched a “card-less and PIN-less” ATM in Bengaluru, in June, 2017. The ATM accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM / debit card and PIN to dispense cash from the bank account.
Answer: (d)DCB Bank, launched a “card-less and PIN-less” ATM in Bengaluru, in June, 2017. The ATM accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM / debit card and PIN to dispense cash from the bank account.
Answer: Option B. -> Rs. 115 crore
Answer: (b)
Answer: (b)
Answer: Option D. -> Return on capital increases
Answer: (d)
The rise in interest rates results in an increased cost of borrowing so lending decreases because businesses do not borrow at a high cost.
Moreover, it results in an increase in the cost of production as the cost for all suppliers of raw material increases due to an increase in their borrowing cost. For individuals, the savings increase as they start saving in lieu of higher return as interest.
Higher rates of interest result in a decrease in return on capital as the cost of investment in capital increases.
Answer: (d)
The rise in interest rates results in an increased cost of borrowing so lending decreases because businesses do not borrow at a high cost.
Moreover, it results in an increase in the cost of production as the cost for all suppliers of raw material increases due to an increase in their borrowing cost. For individuals, the savings increase as they start saving in lieu of higher return as interest.
Higher rates of interest result in a decrease in return on capital as the cost of investment in capital increases.
Answer: Option D. -> V.K. Sharma
Answer: (d)
V.K. Sharma is the new Chairman of Life Insurance Corporation of India.
LIC : Largest insurance company in India,
HQ : Mumbai, India
Answer: (d)
V.K. Sharma is the new Chairman of Life Insurance Corporation of India.
LIC : Largest insurance company in India,
HQ : Mumbai, India
Answer: Option B. -> Indira Vikas Patra
Answer: (b)Indira Vikas Patra was a small scale deposit scheme operated by the post offices all over the country to encourage the idea of investment in the minds of the lower-middle class people. NSC, National Saving Scheme and PPF all grant tax rebate.
Answer: (b)Indira Vikas Patra was a small scale deposit scheme operated by the post offices all over the country to encourage the idea of investment in the minds of the lower-middle class people. NSC, National Saving Scheme and PPF all grant tax rebate.
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