Major part of the Indian agriculture is characterized by

• Large size farm
• Capitalist agriculture
• Small size farm
• Co-operative farm
Solution
Correct Option: C  [ Small size farm ]

Explanation:

Which of the following Committees are related to Banking reforms:
i) Narsimham Committee
ii) P J Nayak Committee
iii) Sunil Mehta Committee
iv) Nachiket Mor Committee

• (i), (ii) and (iii) only
• (ii), (iii) and (iv) only
• (i) and (iv) only
• (i), (ii), (iii) and (iv)
Solution
Correct Option: D  [ (i), (ii), (iii) and (iv) ]

Explanation:

If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :

• decrease it
• increase it
• No impact
• None of these
Solution
Correct Option: B  [ increase it ]

Explanation:

What is the 'Repo rate' ?

• It is the rate at which International Aid Agencies lend to RBI
• It is the rate at which the banks lend to RBI
• It is the rate at which RBI borrows from the market
• It is the rate at which RBI lends to banks
Solution
Correct Option: D  [ It is the rate at which RBI lends to banks ]

Explanation:

Who is the Chairman of the Fifteenth Finance Commission of India ?

• Anurag Thakur
• V. K. Singh
• R. Jain
• N. K. Singh
Solution
Correct Option: D  [ N. K. Singh ]

Explanation:

In order to control inflationary price rise, Reserve Bank directs Banks to

• Reduce rate of interest on credit
• Reduce Statutory Liquidity Ratio (SLR)
• Increase Cash Reserve Ratio (CRR)
• Buy bonds from capital market
Solution
Correct Option: C  [ Increase Cash Reserve Ratio (CRR) ]

Explanation:

Economic growth is usually coupled with ___________.

• deflation
• inflation
• Stagflation
• hyper inflation
Solution
Correct Option: B  [ inflation ]

Explanation:

Mixed economy means an economy where:

• There is co-existence of public sector along with private sector
• Both agriculture and Industry are equally promoted by the state
• There is importance of small scale industries along with heavy industries
• Economy is controlled by military as well as civilian rulers
Solution
Correct Option: A  [ There is co-existence of public sector along with private sector ]

Explanation:

Which institution in India controls the monetary policy of Indian currency?

• Finance Commission
• The Finance Ministry of India
• The Reserve Bank of India
• None of the above
Solution
Correct Option: C  [ The Reserve Bank of India ]

Explanation:

Three annual plans were launched between:

• 1969 to 1972
• 1986 to 1989
• 1990 to 1993
• 1966 to 1969
Solution
Correct Option: D  [ 1966 to 1969 ]

Explanation: