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Economy MCQ practice free online · page 38

Questions from RRB, NTPC, Group D and JE past papers. Tap an option to check it instantly — every question shows the correct answer, and most carry the explanation the paper gave.

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  1. 371UPSC2010EconomyEnglish

    Consider the following statements. The function of commercial banks in India includes 1. Purchase and sale of shares and securities on behalf of customers. 2. Acting as executors and trustees of wills. Which of the statement(s) given above is/are correct?

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    Correct option: B — Only 2

  2. 372UPSC2010EconomyEnglish

    Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government?

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    Correct option: D — Statutory Liquidity Ratio

  3. 373UPSC2011EconomyEnglish

    Consider the following actions which the government can take 1. Devaluing the domestic currency. 2. Reduction in the export subsidy. 3. Adopting suitable policies which attract greater FDI and more funds from FIIS. Which of the above action/actions can help in reducing the current accounts deficit?

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    Correct option: D — 1 and 3

  4. 374UPSC2012EconomyEnglish

    Which of the following measures would result in an increase in the money supply in the economy? 1. Purchase of government securities from the public by the Central Banks. 2. Deposit of currency in commercial banks by the public. 3. Borrowing by the government from the Central Bank. 4. Sale of government Securities to the public by the Central Bank. Select the correct answer using the codes given below.

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    Correct option: C — 1 and 3

  5. 375UPSC2012EconomyEnglish

    The basic aim of Lead Bank Scheme is that

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    Correct option: C — individual banks should adopt particular districts for intensive development

  6. 376UPSC2013EconomyEnglish

    Consider the following liquid assets. 1. Demand deposits with the banks 2. Time deposits with banks 3. Savings deposits with banks 4. Currency The correct sequence of these assets in the decreasing order of liquidity is

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    Correct option: D — 4, 1, 3, 2

  7. 377UPPSC2010EconomyEnglish

    In the context of Indian economy, ‘Open Market Operations’ refers to

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    Correct option: C — purchases and sale of government securities by the RBI

  8. 378UPSC2013EconomyEnglish

    Priority Sector lending by banks in India constitutes the lending to

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    Correct option: D — All of the above

  9. 379UPSC2013EconomyEnglish

    Which of the following grants/ grant direct credit assistance to rural households? 1. Regional Rural Banks 2. National Bank for Agriculture and Rural Development 3. Land Development Banks Select the correct answer using the codes given below.

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    Correct option: C — 1 and 3

  10. 380MPPSC2005EconomyEnglish

    When was the first Regional Rural Bank formed?

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    Correct option: D — 1975

Economy practice — common questions

Page 38 of this set has 10 questions on it.

Are these Economy questions free to practise?
Yes. Every question on this page is free and needs no account. Create a free account only if you want your progress saved.
Where do these Economy MCQs come from?
They are taken from official past papers of Indian government recruitment exams such as RRB NTPC, RRB Group D and RRB JE, and each question keeps a reference to the exam it appeared in.
Are the questions available in Hindi?
Yes. Many papers are set in both languages, so a large share of these questions are available in Hindi. Use the language filter at the top of the page.
Do the questions show answers and explanations?
Every question shows the correct option. Where the source paper included a worked solution, the explanation is shown under "Show answer".