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Quiz on Monetary Policy of India

 

Quiz on Monetary Policy of India

GK Quiz on Monetary Policy of India

Take the following GK Quiz consisting of questions on monetary policy of India. The quiz would be extremely helpful to the candidates preparing for various Government Job exams.

Monetary Policy

Take the following GK quiz based on the monetary policy of India. This is the policy that aims to maintain price stability and also stabilize the exchange rate creating a healthy balance of payment, financial stability, and economic growth in the country. Take a look below

QUIZ

Que.1). What is meant by monetary policy?

a). Process by which the Parliament controls the money supply

b). Process by which the central bank or monetary authority of a country controls supply of money

c). Process by which International Market controls the money supply

d). None of the above

Ans. b

Que.2). Who is the Central monetary policy in India?

a). RBI

b). Finance Ministry

c). Parliament

d). Prime Minister

Ans. a

Que.3). What is the difference between real interest rate and nominal rate?

i) Real interest rates take into account inflation

ii) Nominal rates are those which apply only to borrowers and not lenders

a). Only i

b). Only ii

c). Both i and ii

d). None of the above

Ans. a

Que.4). Quantitative easing is the common name for?

a). Asset selling by a central bank

b). Asset purchasing by a central bank

c). Lowering of interest rate for commercial bank lending

d). When a central bank reduce rates

Ans. b

Que.5). Who is empowered to control expansion of bank credit?

a). Finance Minister

b). Home Minister

c). Reserve Bank of India

d). None of the above

Ans.c

Que.6). Which of the following are the indicators of the Monetary Policy?

a). Inflation

b). GDP

c). MSF Rate

d). All of the above

Ans. d

Que.7). What is meant by Repo Rate?

i) Rate at which RBI lends commercial banks in place of Govt securities

ii) Rate at which Commercial Banks lend the clients

a). Only i

b). Only ii

c). Both i and ii

d). None of the above

Ans. a

Que.8). Increase in Repo Rate can

i) Increase the cost of borrowing and lending of the banks

ii) Decrease the cost of lending to the banks

a). Only i

b). Only ii

c). Both i and ii

d). None of the above

Ans. a

Que.9). What is the CRR?

i) It is a percentage of bank deposits that they keep with the RBI as Gold deposit only

ii) It is a deposit made by banks with RBI in form of reserve or balances

a). Only i

b). Only ii

c). Both i and ii

d). None of the above

Ans. b

Que.10). Which of the following statements is true of SLR?

a). It is to be maintained by all Financial Institutions

b). It is to be maintained as liquid assets

c). These need to be kept in non cash form

d). All of the above

Ans. d

 Recommended : Quiz on Dr. Sarvepalli Radhakrishnan

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