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
Correct Option: C  [ The Reserve Bank of India ]

Remark:

In which year the Planning commission was set-up?

• 1949
• 1950
• 1951
• 1952
Correct Option: B  [ 1950 ]

Remark:

Which of the following has the highest per capita income ?

• Delhi
• Sikkim
• Haryana
• Goa
Correct Option: D  [ Goa ]

Remark:

Which activity is not included in service sector ?

• Trade, hotels and restaurants
• Real estate, finance and insurance
• Transport and communication
• Electricity, gas and water supply
Correct Option: D  [ Electricity, gas and water supply ]

Remark:

The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

• growth of population
• increase in price level
• growth of money supply
• increase in the wage rate
Correct Option: B  [ increase in price level ]

Remark:

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
Correct Option: D  [ It is the rate at which RBI lends to banks ]

Remark:

SRI, which is highly practiced in Tripura is associated with:

• Rice production
• Rural internal connectivity
• E-marketing
• Regards to elders
Correct Option: A  [ Rice production ]

Remark:

Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :

• Rs. 1 lac
• Rs. 1.5 lacs
• Rs. 2 lacs
• Rs. 2.5 lacs
Correct Option: A  [ Rs. 1 lac ]

Remark:

Existence of huge black money creates

• increase in the inequality of income
• decrease in the quality of output
• high living standard for all
• Both (B) and (C)
Correct Option: A  [ increase in the inequality of income ]

Remark:

Where is the headquarter of Reserve Bank of India (RBI) situated ?

• Chennai
• New Delhi
• Kolkata
• Mumbai
Correct Option: D  [ Mumbai ]

Remark: Established in Calcutta but shifted to Mumbai in 1937.