What is hard currency?

• A stable currency
• Arranged in war time
• Issued by IMF
• Given by RBI to foreign banks
Solution
Correct Option: A  [ A stable currency ]

Explanation:

Economic growth is usually coupled with ___________.

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

Explanation:

Which of the following is not the part of non-statutory welfare measure ?

• Health
• Education
• Transport
• Employees compensation
Solution
Correct Option: C  [ Transport ]

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:

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

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

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

Which of the following has the highest per capita income ?

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

Explanation:

Which of the following is true in respect of Centre-State financial relations ?

• Amount given by Centre is the only source of income to States
• States can by-pass Centre while taking foreign loans
• States can not levy income tax
• States can claim 100 % share in excise duty on goods produced in the State
Solution
Correct Option: C  [ States can not levy income tax ]

Explanation:

The World Trade Organisation has replaced which organisation ?

• ITO
• UNCTAD
• GATT
• OECD
Solution
Correct Option: C  [ GATT ]

Explanation:

In Income Tax, Assessee is :

• a person who pays income tax
• a person who deducts income tax from its employees
• a person who prepares income tax Return of tax payers
• None of these
Solution
Correct Option: A  [ a person who pays income tax ]

Explanation:

Gilt-edged market means:

• Market of government securities
• Bullion market
• Market of commodities
• Market of pure metals
Solution
Correct Option: A  [ Market of government securities ]

Explanation: