Top 550+ Solved Indian Economy MCQ Questions Answer
Q. How do we define the terms bull and bear with regard to stock markets?
a. A bull is an optimistic operator who first buys and then sells shares in expectation of the price going up; a bear is a pessimistic market operator who sells the shares in expectation of buying them back at a lower price
b. There is nothing significantly different as both operate in the capital market
c. Bull is one who first sells a share and then buys it at a lower price; bear means one who first buys and then sells it in expectation of prices going up
d. A bull is ready to buy any share; a bear only deals in government securities
Q. The first Bank established in India was
a. Punjab National Bank
b. Traders Bank
c. State Bank of India
d. Bank of Hindustan
Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was:
a. Hindustan Commercial Bank
b. Oudh Commercial Bank
c. Punjab National Bank
d. Punjab and Sind Bank
Q. Which amidst the following rural banks has been named after a river? [NDA 2002]
a. Prathama Bank
b. Varada Grameen Bank
c. Thar Anchalik Grameen Bank
d. Aravali Kshetriya Grameen Bank
Q. A Scheduled Bank is one which is included in the: [CPO SI 2002]
a. II Schedule of Banking Regulation Act
b. II Schedule of Constitution
c. II Schedule of Reserve Bank of India Act
d. None of the above
Q. What is the animal on the insignia of the RBI ? [CPO SI 2002]
a. Lion
b. Tiger
c. Panther
d. Elephant
Q. For regulation of the Insurance Trade in the country the Government has formed: [UPPCS 2002]
a. SEBI
b. Reserve Bank of India
c. Insurance Regulatory and Development Authority
d. General Insurance Corporation
Q. The best way, a bank can avoid loss is to :
a. lend only to individuals known to the bank
b. accept sound collateral
c. give only short-term loans
d. lend only to bank's old customers
Q. The system of value added taxation is applicable to:
a. excise duties
b. income tax
c. estate duty
d. taxes on agricultural income
Q. In order to be scheduled to the Reserve Bank of India, a bank should have capital andreserve of not less than:
a. 1 lakh
b. 5 lakhs
c. 10 lakhs
d. 50 Iakhs
Q. The largest Public Sector Bank in India is: [CDS 1991]
a. Central Bank
b. State Bank of India
c. Punjab National Bank
d. Indian Overseas Bank
Q. Which of the following is the Banker of the Banks? [Railways 1995]
a. IDBI
b. SBI
c. RBI
d. SBI and RBI
Q. Which of the following is not true about the Reserve Bank of India?
a. It regulates the currency and credit system of India
b. It maintains the exchange value of the rupee
c. Foreign exchange reserves are kept by RBI
d. One rupee notes and coins are issued by RBI
Q. When was the Reserve Bank of India taken over by the Government? [PCS 1994]
a. 1945
b. 1948
c. 19S2
d. 1956