In India the Repo rate is announced by:

• the Ministry of Finance, Government of India
• the Prime Minister of India
• the Reserve Bank of India
• the President of India
Solution
Correct Option: C  [ the Reserve Bank of India ]

Explanation:

Who wrote the book Planned Economy for India?

• Jawaharlal Nehru
• Indira Gandhi
• M. Visvesvaraya
• Mahatma Gandhi
Solution
Correct Option: C  [ M. Visvesvaraya ]

Explanation:

NABARD stands for:

• National Activated Bank for Agriculture and Rural Development
• National Bank for Agriculture and Rural Development
• National Agricultural Backward and Rural Development
• National Bank for Accelerated Rural Development
Solution
Correct Option: B  [ National Bank for Agriculture and Rural Development ]

Explanation:

Which of the following is not an asset held by the commercial bank ?

• Bills of exchange
• Current account deposits
• Money lent at short notice
• Credit balances with the Reserve Bank
Solution
Correct Option: B  [ Current account deposits ]

Explanation:

National Food Security Act came into effect in the year:

• 2012
• 2013
• 2014
• None of the above
Solution
Correct Option: B  [ 2013 ]

Explanation:

The basic regulatory authority for mutual funds and stock markets lies with the:

• Stock exchanges
• Government of India
• Reserve Bank of India
• Securities and Exchange Board of India.
Solution
Correct Option: D  [ Securities and Exchange Board of India. ]

Explanation:

"Swadesh Darshan" is:

• a scheme for development of tourism infrastructure
• related with transportation service for sightseeing in Tripura
• a Char Dham Yatra
• visit to a natural scenery
Solution
Correct Option: A  [ a scheme for development of tourism infrastructure ]

Explanation:

If the RBI adopts expansionist open market operations policy, this means that it will:

• openly announce to the market that it intends to expand credit
• sell securities in open market
• offer commercial banks more credit in the open market
• buy securities from non-government holders
Solution
Correct Option: B  [ sell securities in open market ]

Explanation:

Which of the statements given below is/are correct?

(i) GNP is always higher than GDP.

(ii) If GDP is greater than GNP, then net factor income earned abroad is negative.

Select the correct answer using the codes given below.

• Only (i)
• Only (ii)
• Both (i) and (ii)
• Neither (i) nor (ii)
Solution
Correct Option: B  [ Only (ii) ]

Explanation:

The period of high inflation and low economic growth is termed as:

• Stagnation
• Take-off stage in economy
• Stagflation
• Depression
Solution
Correct Option: C  [ Stagflation ]

Explanation: