Economics Questions & Answers (Compiled from UPSC, SSC ,PSC ,IBPS previous question papers)

Credit Rating
is used to rate the borrowers while giving advances
is used to work out performance of the employees.
is used to calculate the number of excellent audit rated branches.
is NOT used in any Bank.
is necessary before giving promotion to employees

To which business group did the Ambanis of Reliance Group sell their holding in Larsen and Toubro?
RP Goenkas
A V Birla
Kanorias
Mittals
None of these

Which one of the following factors influence working capital of a unit?
Seasonally of operations only
Production Policy only
Suppliers Term only
Only (1) and (2)
All (1), (2) & (3)

Under provisions of which one of the following Acts, the Reserve Bank of india has the power to regulate, supervise and control the banking sector?
RBI Act
Banking Regulation Act
Negotiable Instrument Act
RBI and Banking Regulation Act
None of these

Which one of the following may be the consequence of buying forex in the market by the RBI ?
It leads to inflation
It leads to control over inflation
It does not affect inflation
It results into deflation
None of these

As per recent newspaper reports, India's public debt rises 2.8 percent to Rs. 28 lakh crores. Which one of the following is the reason that has forced commercial banks 10 buy Government securities?
Lack of credit growth
Increase in credit growth
Raising of repo rate
Raising of reverse repo rate
None of these

For which one of the following reasons is an amendment in Companies Bill 2009 proposed?
To provide more powers to Department of Company Affairs
To provide regulatory powers to Department of Company Affairs
To make Indian Accounting Standards applicable with effect from 1.4.2011
To ensure smooth convergence of the Indian Accounting Standards with IFRS
None of these

Which one of the following has got RBI nod to issue pre-paid cards to its clients?
LIC
GIC
SIDBI
NABARD
None of these

An increasing finished good stock as % to sales of a manufacturing Company indicates that-

(A) the market is getting competitive.

(B) the quality of the goods is not upto the mark.

(C) the production cost has increased.

(D) the production has decreased.
Only (A) and (B)
Only (B) and (C)
Only (C)
Only (C)
Only (D) and (A)

Which one of the following has decided to give guarantee for infra loans?
IDBI
SBI
IIFCL
SIDBI
None of these
Explanation:

IIFCL-INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED

For which one of the following Loan Products 'teaser loans' are offered by Banks?
Education Loans
Commercial Loans
Loans against security of gold
Retail Trade Loans
Home Loans

Which one of the following tools is used by RBI for selective credit control?
It advises banks to lend against certain commodities
It advises banks to recall the loans for advances against certain commodities
It advises banks to charge higher rate of interest for advance against certain commodities
It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable
None of these

Which one of the following foreign agencies will assist the municipal agencies to improve quality of municipal schools through its School Excellence Programmes (SEP) ?
IMF
UNDP
UNICEF
ADB
None of these

On which one of the following 'Head of Expenses', the expenses of the Government of India are highest?
Food subsidy
Fertilizer subsidy
Pradhan Mantri Gram SadakYojana
Maintenance of national highways
Oil subsidy

Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India?
RBI Act
Banking Regulation Act
Essential Commodities Act
RBI and Banking Regulation Act
None of these

Who among the folfowing Ministers will hold telecom portfolio in addition to his own portfolio till next reallotment?
Kamal Nath
Kapil Sibal
Mamta Banerjee
None of these

Which of the following carries out 'Open Market Operations?
Finance Ministry
External Affairs Ministry
Securities and Exchange Board of India
Planning Commission
Ministry of Commerce

The Federation of Indian Chambers of Commerce and Industry(FICCI) was founded by?
Singhania and Tata
Birla and Takhurdas
Tata and Birla
Tata and Thakurdas

The National Bank for Agriculture and Rural Development was setup in:
1979
1980
1981
1982

How many banks were nationalised in 1969?
10
12
14
18

The Asian Development Bank has it Head Quarters at:
Manila
Singapore
Tokyo
Bangkok

IRDP stands for
All India Rural Development Programme
Integrated Rural Development Programme
Indian Rural Developmment Policy
None of these

India has adopted ______________ as its economic system to bring about a socialistic pattern of society.
Socialism
Mixed economy
Capitalism
Political economy

Which statement is true?
Money is a good servant
Money is a good servant but bad a bad master
Money is a good master but a bad servant
Money is a good master and a good servant

National Income is
Net National Product ├óÔé¼ÔÇ£ Indirect Taxes + Subsidies
Gross National Product ├óÔé¼ÔÇ£ Direct Taxes
Gross Domestic Product ├óÔé¼ÔÇ£ Imports
Net Domestic Product + Products

Firms under perfectly competitive markets generally are
Price makers
Price givers
Price takers
Price fixers

Among the following problems of developing countires, which one is not correct?
Low level of technological development
Lack of diversification of economy
High proportion of old age population
Weak industrial base.

Which one of the following is not a direct determinant of demand?
Savings
Income
Price of the commodity
Taste

Division of labour is a concept advocated by
Keynes
Marshall
Smith
Baumol

When a leather industry discharges its waste in the river causing water pollution, the cost incurred on health hazards is called
Implicit cost
Social cost
Private cost
Opportunity cost

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