G.K. Practice Test: Question Set - 08
1. Depreciation means
- (A) Closure
of a plant due to lock out
- (B) Closure
of a plant due to labor trouble
- (C) Loss of
equipment over time due to wear and tear
- (D) Destruction
of a plant in a fire accident
2. On July 12, 1982, the ARDC was merged into
- (A) RBI
- (B) NABARD
- (C) EXIM Bank
- (D) None
of the above
3. The central co-operative banks are in direct touch with
- (A) Farmers
- (B) State
co-operative banks
- (C) Land
development banks
- (D) Central
government
4. In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
- (A) To
govern entry of new private sector banks to make the banking sector more
competitive
- (B) To
reduce the freedom given to banks to rationalize their existing branch network
- (C) To setup
more foreign exchange banks
- (D) To lend more
easily for industrial development
5. The current price index (base 1960) is nearly 330. This means that
- (A) All items
cost 3-3 times more than what they did in 1960
- (B) The
prices of certain selected items have gone up to 3-3 times
- (C) Weighted
means of prices of certain item has increased 3-3 times
- (D) Gold price
has gone up 3-3 times
6. National expenditure includes
- (A) Consumption
expenditure
- (B) Investment
expenditure
- (C) Government
expenditure
- (D) All
of the above
7. Redistribution polices geared to reduce economic inequalities include
- (A) Progressive
tax policies
- (B) Land
reforms
- (C) Rural
development policies
- (D) All
the above
8. Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
- (A) ARDC
- (B) SBI
- (C) NABARD
- (D) PACs
9. The currency convertibility concept in its original form originated in
- (A) Wells
Agreement
- (B) Bretton
Woods Agreement
- (C) Taylors
Agreement
- (D) None
of the above
10. India changed over to the decimal system of coinage in
- (A) April 1995
- (B) April 1957
- (C) April 1958
- (D) April 1959
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