MCQOPTIONS
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MCQOPTIONS
This section includes 98 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Banking and Financial System knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Consider the following works: 1. Arrange facilities for transport of Agriculture produce 2. Acquire building and go down at suitable places 3. Subscribing to share capital of state warehousing corporations Which among the above function a performed by central warehousing corporation? |
| A. | 2 and 3 |
| B. | 1 and 2 |
| C. | Only 1 |
| D. | 1,2 and 3 |
| Answer» E. | |
| 52. |
Which among the following is the most important bulk import of India? |
| A. | Non electrical Machinery |
| B. | Electric goods |
| C. | Food grains |
| D. | Petroleum |
| Answer» E. | |
| 53. |
Which among the following is characterizes by highest fixed cost and lowest Running cost? |
| A. | Pipeline Transport |
| B. | Water ways transport |
| C. | Air transport |
| D. | None of these |
| Answer» B. Water ways transport | |
| 54. |
Consider the following factors: 1. High investment in Industries 2. Expanding market 3. Dynamic entrepreneurship Which of the above are required for accelerated growth of an economy? |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 1, 2 and 3 |
| D. | None of these |
| Answer» D. None of these | |
| 55. |
1853 is a landmark in India s Transport because of: 1. First cargo plane 2. First train 3. First sir plane 4. First cargo ship Which of the above is correct answer? |
| A. | Only 3 |
| B. | Only 1 |
| C. | Only 2 |
| D. | 1, 2, 3 and 4 |
| Answer» D. 1, 2, 3 and 4 | |
| 56. |
India has a high export earnings from diamonds. In this context, consider the following: 1. Small Production of Industrial Diamonds 2. High Diamonds stock 3. Availability of experts on cutting and polishing. Which among the above is most appropriate reason being the above statements? |
| A. | Only 3 |
| B. | Only 2 |
| C. | 1 and 3 |
| D. | 1, 2 and 3 |
| Answer» D. 1, 2 and 3 | |
| 57. |
Consider the following 1. Trade and earn revenue 2. Become the sole controller of food grain supply 3. Prevent Black marketing Which among the following are the primary objectives of the government to buy food grains directly from the farmers? |
| A. | 1 and 2 |
| B. | Only 1 |
| C. | Only 3 |
| D. | 1, 2 and 3 |
| Answer» D. 1, 2 and 3 | |
| 58. |
Which of the following taxes is the largest source of revenue for the Government of India? |
| A. | Excise |
| B. | Customs |
| C. | Income tax |
| D. | Corporation tax |
| Answer» B. Customs | |
| 59. |
The National Stock Exchange (NSE) is located at |
| A. | Mumbai |
| B. | New Delhi |
| C. | Madras |
| D. | Calcutta |
| Answer» B. New Delhi | |
| 60. |
Kerala s shores are famous for the deposits of |
| A. | Copper |
| B. | Coal |
| C. | Thorium |
| D. | Iron ore |
| Answer» D. Iron ore | |
| 61. |
Which among the following given a justification about the fact Green Revolution has not been green as it made out to be 1. It helped only farmers 2. It confined to selected areas only 3. It confined only to wheat Select the above correct statements. |
| A. | Only 1 |
| B. | 1 and 2 |
| C. | 1, 2 and 3 |
| D. | 2 and 3 |
| Answer» E. | |
| 62. |
The Indian rupee is a legal tender in two other countries. One is Nepal. The other is |
| A. | Pakistan |
| B. | Sri Lanka |
| C. | Bhutan |
| D. | Afghanistan |
| Answer» D. Afghanistan | |
| 63. |
When was the Decimal currency system introduced in India? |
| A. | January 1955 |
| B. | April 1955 |
| C. | April 1951 |
| D. | April 1957 |
| Answer» E. | |
| 64. |
Who finally approves the Five-Year Plan? |
| A. | The President |
| B. | The Prime Minister |
| C. | The National Development Council |
| D. | The Planning Commission |
| Answer» D. The Planning Commission | |
| 65. |
Which period did the First Five-year Plan cover? |
| A. | 1947-52 |
| B. | 1951-56 |
| C. | 1950-55 |
| D. | 1952-57 |
| Answer» C. 1950-55 | |
| 66. |
Which industry provides the largest employment in India? |
| A. | Chemicals |
| B. | Textiles |
| C. | Iron and steel |
| D. | Jute |
| Answer» C. Iron and steel | |
| 67. |
The economic liberalization was introduced in |
| A. | 1991 |
| B. | 1990 |
| C. | 1985 |
| D. | 1988 |
| Answer» B. 1990 | |
| 68. |
The highest denomination banknote being in circulation in India is |
| A. | 500 rupee note |
| B. | 1000 rupee note |
| C. | 5000 rupee note |
| D. | 2000 rupee note |
| Answer» E. | |
| 69. |
During the financial year 2007- 08 India recorded a GDP growth of |
| A. | 8% |
| B. | 8.5% |
| C. | 9.1% |
| D. | 9.7% |
| Answer» D. 9.7% | |
| 70. |
Which Five-Year Plan had adopted Removal of Poverty as its foremost objective? |
| A. | Second |
| B. | Third |
| C. | Fourth |
| D. | Sixth |
| Answer» E. | |
| 71. |
When was the General Insurance Corporation of India formed? |
| A. | 1982 |
| B. | 1972 |
| C. | 1956 |
| D. | 1935 |
| Answer» C. 1956 | |
| 72. |
When was the Tata Iron & Steel Company set up at Jamshedpur? |
| A. | 1907 |
| B. | 1911 |
| C. | 1914 |
| D. | 1921 |
| Answer» B. 1911 | |
| 73. |
The term of the 11th Five Year Plan is |
| A. | 2007 2012 |
| B. | 2005 2010 |
| C. | 2008 2013 |
| D. | 2006 2011 |
| Answer» B. 2005 2010 | |
| 74. |
Who is the Deputy Chairman of Planning Commission at present? |
| A. | Montek Singh Ahluwalia |
| B. | B Balakrishnan |
| C. | Manmohan Singh |
| D. | Anil Kakodkar |
| Answer» B. B Balakrishnan | |
| 75. |
In India farm credit is regulated by |
| A. | SBI |
| B. | RBI |
| C. | NABARD |
| D. | Union Government |
| Answer» D. Union Government | |
| 76. |
Who was the first chairman of the Planning Commission? |
| A. | Dr. S. Radhakrishnan |
| B. | Jawaharlal Nehru |
| C. | Dr. Rajendra Prasad |
| D. | Dr. M. Vishveshwaraya |
| Answer» C. Dr. Rajendra Prasad | |
| 77. |
Which certification indicates a guarantee of quality for agricultural food products like ghee, honey, etc.? |
| A. | ISI |
| B. | Agmark |
| C. | BIS |
| D. | All of above |
| Answer» C. BIS | |
| 78. |
In terms of size what position does the Indian economy occupy in the world? |
| A. | 10th |
| B. | 12th |
| C. | 7th |
| D. | 9th |
| Answer» C. 7th | |
| 79. |
The Indian economy is |
| A. | Capitalist |
| B. | Socialistic |
| C. | Mixed |
| D. | Federal |
| Answer» D. Federal | |
| 80. |
Who is the ex-officio chairman of Planning Commission? |
| A. | Prime Minister |
| B. | President |
| C. | Chief Justice of Supreme Court |
| D. | Speaker of Lok Sabha |
| Answer» B. President | |
| 81. |
Which Five-year Plan is being implemented at present? |
| A. | Eleventh |
| B. | Eighth |
| C. | Ninth |
| D. | Tenth |
| Answer» B. Eighth | |
| 82. |
The Securities and Exchange Board of India (SEBI) was established in |
| A. | 1992 |
| B. | 1947 |
| C. | 1990 |
| D. | 1976 |
| Answer» B. 1947 | |
| 83. |
Which among the following is correct full form of SIDO: |
| A. | Standards industries development organization |
| B. | Small industries development Organization |
| C. | State industrial development organization |
| D. | None of these |
| Answer» C. State industrial development organization | |
| 84. |
Who among the following leaders announced the industrial policy of 1956? |
| A. | J B Kraplani |
| B. | Ashok Mehta |
| C. | Mahatma Gandhi |
| D. | Jawaharlal Nehru |
| Answer» E. | |
| 85. |
Consider the following 1. Use of hybrid yielding varieties seeds. 2. Uneconomical and fragmented 3. Inefficient labour force. Which among the above are the reasons for low productivity in Indian Agriculture? |
| A. | Only 1 |
| B. | Only 2 |
| C. | 1 and 3 |
| D. | 2 and 3 |
| Answer» C. 1 and 3 | |
| 86. |
Which among the following was set up by government of India in 1988 with objective of developing multi model logistics support for India s International and domestic containerizes cargo and trade? |
| A. | Container corporation of India |
| B. | Central warehousing corporation |
| C. | Regional corporation of India |
| D. | Corporation of district. |
| Answer» B. Central warehousing corporation | |
| 87. |
Which among the following is the cheapest mode of transport in terms of fixed plus running costs? |
| A. | Waterways |
| B. | Railways |
| C. | Pipeline |
| D. | None of these |
| Answer» B. Railways | |
| 88. |
Consider the following statement context with India s planning commission: 1. A Planning in the sense of formal projects on the basis of the certain sets of assumption started only in the second five year plan in India. 2. The Mahalanobis model of growing corporate possibilities opened up the foreign trade. Select the above correct statements. |
| A. | Only 1 |
| B. | Only 2 |
| C. | 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» B. Only 2 | |
| 89. |
It has been generally viewed that when an economy grows beyond its potential growth rate, it causes inflation. How does growing faster than the potential rate cause inflation? |
| A. | Fast growth causes more productivity which leads to higher supply and cost put inflation |
| B. | Fast growth causes quick resources utilization to fulfill the higher demand |
| C. | Fast growth cause more employment opportunities which leads to rise in prices. |
| D. | None of these. |
| Answer» C. Fast growth cause more employment opportunities which leads to rise in prices. | |
| 90. |
In one of the Seminar s the Governor of RBI said that the schemes like Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGA) have played role in increasing inflation. How MNREGA could have stirred up inflationary pressure? 1. By Increasing demand 2. By increasing rural wage 3. By increasing production Select the above correct statements |
| A. | Only 1 |
| B. | Only 2 |
| C. | 2 and 3 |
| D. | 1 and 2 |
| Answer» E. | |
| 91. |
Consider the following statements about Infrastructure Debt Fund (IDF) in India: 1. Infrastructure debt fund are regulated by Planning commission 2. Infrastructure debt fund can be established as a trust in India, but not in company. Select the above correct statements |
| A. | Only 1 |
| B. | Only 2 |
| C. | 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 92. |
One of the economic laws says that as income increases, the proportion of starchy staples in the food basket decline relative to the share of more expensive sources of calories. Recent NSSO data showing a significant increase in the share of protein rich items in total food expenditure, both in rural and urban areas of India to confirm this hypothesis. What this hypothesis is known as? |
| A. | Gresham s Law |
| B. | Vijay Tendulkar s Law |
| C. | Bennet s Law |
| D. | None of these. |
| Answer» D. None of these. | |
| 93. |
Consider the following statements:1. Government of India has set up a Price Monitoring Cell(PMC) in the department of Agriculture to monitor and analyze price data and trends of availability of essential commodities. 2. Price Monitoring Cell (PMC) monitors 21 essential commodities. Select the above correct statements |
| A. | Only 2 |
| B. | Only 1 |
| C. | 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» B. Only 1 | |
| 94. |
Which among the following in India can use Repo Bonds to raise short term money from markets? 1. Commercial Bank 2. Regional Bank 3. Corporate 4. Governments Select the above correct statements. |
| A. | Only 3 |
| B. | Only 1 |
| C. | 1 and 3 |
| D. | 2 and 4 |
| Answer» D. 2 and 4 | |
| 95. |
A Company making a public of securities has to file a Draft Red Herring Prospects with SEBI through an eligible merchant banker prior to filling a prospects with the registrar of Companies. What information does this Draft Red Herring Prospects provide? 1. Financial details about the company 2. Price and size of offerings 3. Products details 4. Objects of raising money Select the above correct statements. |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 3 and 4 |
| D. | 1 and 4 |
| Answer» E. | |
| 96. |
In context with Banking in India, what is the difference between liquidity adjustment facility repo-rate and Marginal standing facility rate? 1. Under repo, banks can borrow up to 5% of net demand and time liabilities under MST, they can borrow up to no limit. 2. Under repo rate banks can borrow above SLR requirements, under MSF, banks can borrow within SLR requirements. Select the above correct statements. |
| A. | Only 1 |
| B. | Only 1 |
| C. | 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» B. Only 1 | |
| 97. |
The financial institute IFCI established in |
| A. | 1947 |
| B. | 1948 |
| C. | 1949 |
| D. | 1950 |
| Answer» C. 1949 | |
| 98. |
The UTI was established in |
| A. | 1962 |
| B. | 1963 |
| C. | 1964 |
| D. | 1965 |
| Answer» C. 1964 | |