Practice Question and Answer
8 Q: Which commission in India in 1926 AD. Explaining the need for reforms in the prevailing monetary and credit system, suggested the establishment of a central bank?
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61b761137fd9195ddf2d7d3a- 1Butler Commissionfalse
- 2Simon Commissionfalse
- 3Hilton Young Commissiontrue
- 4Jonathan Commissionfalse
- 5None of thesefalse
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Answer : 3. "Hilton Young Commission"
Q: Which of the following was the first mutual fund listed on the new mutual fund platform launched on the National Stock Exchange?
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61b7609c993630653cf4e56e- 1UTI Mutual Fundtrue
- 2SBI Mutual Fundfalse
- 3LIC Mutual Fundfalse
- 4Bank of Baroda Mutual Fundfalse
- 5None of the abovefalse
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Answer : 1. "UTI Mutual Fund"
Q: Which of the following is not a function of Reserve Bank of India?
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61b76012993630653cf4e433- 1Providing credit facilities to the general publicfalse
- 2Keeping government money in different heads of accountsfalse
- 3Keeping the country's foreign exchange reserves in safe custodyfalse
- 4Formulating monetary and credit policyfalse
- 5All functions of Reserve Bank of Indiatrue
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Answer : 5. "All functions of Reserve Bank of India "
Q: Which one of the following statements is true in contrast to the General Budget?
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61b75e407fd9195ddf2d774e- 1It is first presented in the Upper House.false
- 2It is first introduced in the Lok Sabha.true
- 3It can be introduced in either House which is in immediate session.false
- 4It is presented in a joint session of Parliament.false
- 5None of thesefalse
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Answer : 2. "It is first introduced in the Lok Sabha."
Q: According to the existing norms, the permission of which of the following has to be taken for mergers and acquisitions in the corporate sector apart from the Reserve Bank of India?
(a) The High Court of the State concerned
(b) Union Cabinet
(c) the cabinets of the respective states
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61b751737a5b3510e9c5eabe- 1(a) and (b) onlytrue
- 2Only (b)false
- 3(c) onlyfalse
- 4Only (a)false
- 5None of thesefalse
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Answer : 1. "(a) and (b) only"
Q: Which is the first bank started entirely with Indian capital?
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61b750227a5b3510e9c5e540- 1Bank of Indiafalse
- 2Punjab National Banktrue
- 3Bank of Barodafalse
- 4Bank of Maharashtrafalse
- 5None of thesefalse
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Answer : 2. "Punjab National Bank"
Q: IMF and World Bank are considered as such institutions
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61b74fb1993630653cf48536- 1Which strengthens international economic cooperation and helps in building a more stable and prosperous global economyfalse
- 2IMF promotes international monetary cooperation.false
- 3The World Bank promotes long-term economic growth and supports poverty reductionfalse
- 4All of the abovetrue
- 5None of the abovefalse
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Answer : 4. "All of the above"
Q: Which of the following is not correctly matched?
Bank Nationalization year
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61b74e9a8fe2311103b0167e- 1State Bank of Indore -1959false
- 2Allahabad Bank 1959true
- 3Andhra Bank -1980false
- 4Bank of Baroda -1969false
- 5None of the abovefalse
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