UP PCS PRE Economics SINCE 1994

Showing 161 - 180 of 429 entries

161. In the year 2004-05, following groups had important  share in India’s imports:  1. Fuel 2. Capital goods  3. Gold and Silver 4. Chemicals Arrange the aforesaid items in descending order in  terms of their percentage share and choose your  answer with the help of given codes:  Codes:

  • A
  • 1, 2, 3, 4

  • B
  • 1, 3, 2, 4

  • C
  • 2, 3, 4, 1

  • D
  • 4, 3, 2, 1

Show Answer
Correct Answer : A [1, 2, 3, 4]

162. Non-performing assets in commercial banks means

  • A
  • bank deposits which are not invested

  • B
  • capital assets not in use

  • C
  • loans in which interest or principal amount is not recovered

  • D
  • low-interest rate loans

Show Answer
Correct Answer : C [loans in which interest or principal amount is not recovered ]

163. The Bank rate is the rate at which

  • A
  • a bank lends to the public

  • B
  • the RBI lends to the public

  • C
  • the RBI gives credit to the commercial banks

  • D
  • the Government of India lends to other countries

Show Answer
Correct Answer : C [the RBI gives credit to the commercial banks ]

164. Balance of Payments includes

  • A
  • Visible Trade

  • B
  • Invisible Trade

  • C
  • Debts

  • D
  • All the above

Show Answer
Correct Answer : D [All the above ]

165. An increase in CRR by the Reserve Bank of India  results in

  • A
  • decrease in debt of the Government

  • B
  • reducing liquidity in the economy

  • C
  • attracting more FDI in the country

  • D
  • more flow of credit to desired sectors

Show Answer
Correct Answer : B [reducing liquidity in the economy ]

166. If interest payment is added to primary deficit, it is  equivalent to

  • A
  • Budget deficit

  • B
  • Fiscal deficit

  • C
  • Deficit financing

  • D
  • Revenue deficit

Show Answer
Correct Answer : B [Fiscal deficit ]

167. The headquarter of R.B.I. is situated at

  • A
  • Delhi

  • B
  • Kolkata

  • C
  • Mumbai

  • D
  • Chennai

Show Answer
Correct Answer : C [Mumbai]

168. Consider the following statements which is/are correct?  1. The sub-prime crisis which hit the U.S. economy was  caused by sudden increase in oil prices.  2. The crisis led to default in home loan repayment.  3. It led to failure of some U.S. banks.  4. Sub-prime crisis caused crash in Indian Stock Market.  Choose your answer from the given codes:  Codes:

  • A
  • 1 only

  • B
  • 2 and 4 only

  • C
  • 2, 3 and 4 only

  • D
  • 1, 2, 3 and 4

Show Answer
Correct Answer : C [2, 3 and 4 only ]

169. Open-market operations of Reserve Bank of India  refer to

  • A
  • trading in securities

  • B
  • auctioning of Foreign Exchange

  • C
  • transaction in gold

  • D
  • none of the above

Show Answer
Correct Answer : A [trading in securities ]

170. Which one of the following is different from the others  in terms of ownership?

  • A
  • LIC Policy

  • B
  • Bank Fixed Deposit

  • C
  • Kisan Vikas Patra

  • D
  • Debenture of a Company

Show Answer
Correct Answer : A [LIC Policy ]

171. The main source of fund for the National Highways  Authority of India is

  • A
  • Cess

  • B
  • Foreign assistance

  • C
  • Market borrowings

  • D
  • Budgetary support of Union Government

Show Answer
Correct Answer : A [Cess ]

172. Which organisation promotes the foreign trade?

  • A
  • ECGC

  • B
  • MMTC

  • C
  • STC

  • D
  • All of the above

Show Answer
Correct Answer : D [All of the above]

173. A letter of credit has to be produced by

  • A
  • an exporter

  • B
  • an importer

  • C
  • custom authorities

  • D
  • a shipping company

Show Answer
Correct Answer : C [custom authorities]

174. Import procedure begins with

  • A
  • Indent

  • B
  • Mate’s receipt

  • C
  • Marine insurance

  • D
  • Shipping bill

Show Answer
Correct Answer : A [Indent]

175. Which of the following authorities sanctions foreign  exchange for import of goods?

  • A
  • Any Nationalised Bank

  • B
  • Exchange Bank

  • C
  • Reserve Bank of India

  • D
  • Ministry of Finance

Show Answer
Correct Answer : C [Reserve Bank of India]

176. Private Sector Mutual Funds in India were permitted in

  • A
  • 1964

  • B
  • 1993

  • C
  • 1994

  • D
  • 2001

Show Answer
Correct Answer : B [1993 ]

177. Who maintains the foreign exchange reserve in India?

  • A
  • Reserve Bank of India

  • B
  • State Bank of India

  • C
  • Ministry of Finance, Government of India

  • D
  • Export-Import Bank of India

Show Answer
Correct Answer : A [Reserve Bank of India ]

178. The promoter of National Stock Exchange of India is

  • A
  • State Bank of India

  • B
  • LIC and GIC

  • C
  • IDBI

  • D
  • All the above

Show Answer
Correct Answer : D [All the above ]

179. FEMA (Foreign Exchange Management Act) was finally  implemented in the year

  • A
  • 1991

  • B
  • 1997

  • C
  • 2002

  • D
  • 2007

Show Answer
Correct Answer : C [2002]

180. The Bimal Jalan Panel was set up by the Reserve Bank  of India to

  • A
  • suggest to minimise the non-performing asset

  • B
  • scrutinize application for new bank licenses

  • C
  • frame guidelines for financial inclusion

  • D
  • study use of mobiles in delivering banking services

Show Answer
Correct Answer : B [scrutinize application for new bank licenses ]
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