CBSE Questions for Class 8 General Knowledge Indian Economy Quiz 4 - MCQExams.com

With reference to Union Budget, which of the following is/are covered under Non - plan Expenditure ?
Defence expenditure
2.Inerest paymerts
Salaries and per pensions
Subsidies 
Select the correct answer using the codes given below
  • Only 1
  • 2 and 3
  • 1, 2, 3 and 4
  • None of the above
Which one of the following taxes is impose on the accumulated property of the Hindu Undivided Family ?
  • Income Tax
  • Wealth Tax
  • Corporate tax
  • Estate duty
One which one among the following subjects the State's Excise Duties is imposed In India ?
  • Alcoholic drinks
  • Opium
  • Hemps
  • All of these
Which one of the following is the major source of the States Taxes on Income in the Indian economy ?
  • Agricultural Income Tax
  • Professional tax
  • Both 'a' and 'b'
  • None of the above
A country is said to be in a debt trap if 
  • it has to borrow to make interest payments on outstanding loans.
  • it has to borrow to make interest payments on standing loans.
  • it has been refused loans or aid by creditors abroad.
  • the World Bank charges a high rate of interest on outstanding as well as new loans
The banks are required to maintain a certain ratio between their cash in hand and total assets . This is called
  • SLR
  • CBR
  • SBR
  • CRR
Which one of the following banks can be included in the Scheduled Commercial Banking System of India ?
  • Regional Rural Banks
  • Private Sector Banks
  • Foreign Banks in India
  • All of the above
Which one of the following committee was constituted by the RBI to study issues and concern in the micro-finance sector ?
  • M Narsimham Commitee
  • S Janikiraman Commitee
  • Chakravarti Commitee
  • YH Malegam Commitee
Octroi is levied and collected by 
  • Central Government
  • State Government
  • Local bodies
  • Both 'a' and 'b'
Which one tho following was the chairman of the committee on pricing and taxation of petroleum products ?
  • Raja J Chelliah
  • C Rangarajan
  • Y V Reddy
  • Abid Hussain
Consider the following taxes
Wealth tax
Estate duty
Gift tax
Which of the taxes given above is/are imposed on the property ?
  • 1 and 2
  • Only 1
  • 2 and 3
  • All of these
Which one among the following is correct about the money whose value comes from a commodity out of which it is made?
  • Fiat money 
  • Commodity money 
  • Near money 
  • Electronic money 
Which of the following is not a part of Schedule Banking Structure in India ?
  • Money lender
  • Public sector Banks
  • Private Sector Banks
  • State Co-operative Banks
In India , the interest rate on saving accounts in all nationalised banks is fixed by
  • Union Minister of Finance
  • Union Finance Commission
  • India's Banker Association
  • None of above
What is Rope Rate ?
  • It is the rate at which RBI sells government securities to banks.
  • It is the rate at which RBI buys government securities from banks.
  • It is the rate which RBI allows small loan in market.
  • None of the above
Which among the following is /are recommended by the Basel accord ?
1 . Banking 
2 . Regulation with regards to capital risk 
3 . Regulation with regards to market risk 
4 . Regulation with regards to operational risk 
Select the correct answer using the codes given below. 
  • Only 1
  • 2 and 3
  • 2 , 3 and 4
  • All of these
Which of the following is the objective of Net Stable Funding Ratio ?
  • To ensure that banks maintain a stable deposit ratio in and off balance sheet activities 
  • To ensure that banks maintain a statutory liquidity ratio
  • To ensure that banks maintain a stable funding profile and off balance sheet activities 
  • None of above 
Which of the following Public Sector Bank's emblem figures a dog and the words 'faithful friendly ' in it ?
  • Punjab National Bank
  • Syndicate Bank
  • Oriental Bank of India
  • State Bank of India
Retail Banking is to provides banking services
  • only to individual customers in an integrated manner .
  • entirely to agricultural sector only .
  • only to Self -Help Group for their survival .
  • None of the above
Which of the following Indian banks is not a nationalised bank ?
  • Corporation
  • Dena bank
  • Federal bank
  • Vijaya bank
In India , the first bank of limited liabilities managed by Indians and founded by Indians and founded in 1881 was.
  • Hindustan Commercial Bank
  • Oudh Commercial Bank
  • Punjab National Bank
  • Punjab and Sind Bank
Which among the following committees was on banking sector reforms ?
  • Narasimham I
  • Narasimham II
  • Narasimham III
  • Domodaran Committee
Which of the following is the most important  component of the liabilities of commercial bank in India ?
  • Time deposites
  • Demand deposits
  • Inter -bank liabilities
  • Other borrowings
Which of the following committees was constituted to scrutinise  the application for new banks in India ?
  • Bandhan Committee
  • Deepak Mohanty Committee
  • Bimal Jalan Committee
  • Khandewal Committee
In India , the interest rate on savings accounts in all the nationalised commercial banks is fixed by 
  • Union Minister of Finance
  • Union Finance Commission
  • Indian Bank's Association
  • None of the above
Consider the following statements 
1 . The Lead Bank Scheme was started after the nationalisation of the 14-banks .
2 . None of the private banks were participated in the lead bank scheme .
Which of the statement given above is / are correct ? 
  • Only 1
  • Only 2
  • Both 1 and 2
  • Neither 1 nor 2
Which of the following terms indicates a mechanism used by commercial banks for providing credit to Government ?
  • Cash Credit Ratio
  • Debit Service Obligation
  • Liquidity Adjustment Facility
  • Satutory Liquidity Ratio
Which of the following is called a 'Banker's Cheque '?
  • Demand Draft
  • Debit Card
  • Pay Order
  • Fixed Deposit
Which of the following is the first private sector bank to be open dedicated branch for start ups in India ?
  • ICICI
  • HDFC
  • RBI
  • Indus Ind Bank
Which among the following rural banks has been named after a river ?
  • Prathana Bank
  • Varada Grameen Bank
  • Thar Anchalik Grameen Bank
  • None of the above
Which one of the following is the component of the deposit money with the public ?
  • Demand deposits of banks
  • Time deposits with banks
  • Other deposits with RBI
  • Both 'a' and 'c'
Which one of the following pairs is correctly matched ?
  • M0 : Reserve Money
  • M1 : Broad Money
  • M2 : Narrow Money
  • None of the above
Which one of the following agencies given below has started the RESIDEX in India?
  • NHB
  • ICICI bank
  • HDFC
  • None of these
Which one among the following is the ratio to determine the 'Money Deepening ' of an economy ?
  • Ratio of average M3 to GDP
  • Ratio of average M3 to M1
  • Average ratio of M to M0
  • Both 'b ' and 'c'
A scheduled bank is the one which is included in the 
  • II Schedule of Banking Regulation Act
  • II Schedule of Constitution
  • II Scheme of RBI Act
  • None of above
Which one among the following is the source of the Reserve Money (MO) in India ?
  • Net foreign exchange assets of RBI
  • Government's currency liabilities to the public
  • Net non-monetary liabilities of the RBI
  • All of the above
RRBs are owned by 
  • Central Government
  • State Government
  • Sponser Bank
  • Jointly by all of the above
Which one of the following is correct about the Hundis in the Indian Banking System ?
  • A counter of trade the commodities produced in a season.
  • An internal bill of exchange of the Indigenous Banking system .
  • A bill of exchange sold in the Indian secondary capital market
  • None of the above
Select the incorrect one/(S) about the Regional Rural Banks (RRBs) in India from the given statements using the codes given below 
1 . They are now being merged with the public sector banks under whom they used to function .
2 . The original mandate of their clientele has now been abolished .
3 . They cannot forward advances at commercial interest rates .
  • Only 1
  • 2 and 3
  • Only 3
  • 1 and 3
Which one of the following committees was constituted to bring reform in the Indian Banking System ?
  • Abhijit Sen Committee
  • Abid Hussain Committee
  • Suresh Tendulkar Committee
  • M Narsimham Committee
Banks of India are required to maintain a certain ratio between their risky assets and capital which is known as ___________________.
  • Cap Adequacy Ratio (CAR)
  • Statutory Liquidity Ratio (SLR)
  • General Bank Reserve (GBR)
  • Capital -to-risk- weighted Adequacy Ratio (CRAR)
State bank of India was previously known as
  • Cooperative Bank of India
  • Syndicate Bank
  • Imperial Bank of India
  • Canara Bank
On which of the follow committee's recommendation , RBI introduces base rate system ?
  • MV Nair Committee
  • Deepak Mohanty Committee
  • Khandewal Committee
  • Nachiket Mor Committee
If the interest rates is decreased in an economy , it will
  • decrease in consumption expenditure in the economy .
  • increase the tax collection of the government .
  • increase in the investment expenditure of the economy .
  • increase in total saving of the economy .
Which one of the following is correctly matched ?
  • NBFC : Organised Banking sector
  • SHROFFS : Indigenous Banking System
  • NIDHI : Scheduled Banking System
  • None of the above
Which bank is limited to the needs of agriculture and rural finance ?
  • SBI
  • NABARD
  • IFC
  • RBI
Which one of the following rates is the rate at which banks park their funds with the Central Bank ?
  • Repo Rate
  • Bank Rate
  • Prime lending Rate
  • Reserve Repo Rate
In the parlance of financial investments the term 'bear' denotes
  • an investor who feels that the price of a particular security is going to fall.
  • an investors who expects the price of a particular shares to rise.
  • a shareholder on a bondholder who has an interest in a company , financial or otherwise.
  • Any lender whether by making a loan or buying a bond.
In which one of the following years, the Value-Aided Tax was imposed in India except some States ?
  • 1991
  • 1995
  • 2005
  • 2010
Which one of the following is not a qualitative control of credit by the Central Bank of a country ?
  • Rationing of credit
  • Regulation of consumers credit
  • Variation of the reserve ratio
  • Regulation of margin requirements
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