Q. "Functional Finance" is associated with:
1) Abba 'P' Lerner
2) Adolph Wonger
3) Adam Smith
4) Adams
Q. Diamonds are priced higher than water because:
1) Consumers do not buy them at lower prices.
2) They are sold by selected firms with monopolistic powers.
3) Their marginal utility to buyers is higher than that of water.
4) Their total utility to buyers is higher than that of water.
Q. Externality theory is the basic theory of the following branch of Economics:
1) Macro Economics
2) Environomics
3) Fiscal Economics
4) International Economics
Q. Which of the following organisations is made specifically responsible for empowering Micro, Small and Medium enterprises in India?
1) NABARD
2) RBI
3) SIDBI
4) ECGC
Q. Government usually classifies its expenditure in terms of planned and nonplanned expenditure. Identify, which is the correct definition of planned expenditure?
1) It represents the expenditure of all the State Governments
2) It represents the total expenditure of the Central Government
3) It is the expenditure which is spent through centrally sponsored programmes and flagship schemes of Government
4) It represents the expenditure incurred on Defence
Q. A non-performing asset is ___________
1) Money at cell and short notice
2) An asset that ceases to generate income
3) Cash balance in till
4) Cash balance with RBI
Q. In banking business, when the borrowers avail a Term Loan, Initially they are given a repayment holiday and this is referred to as___________
1) Subsidy
2) Interest Waiver
3) Re-phasing
4) Moratorium
Q. The Customers by opening and investing in the Tax Saver Deposit Account Scheme in a Bank would get benefit under__________
1) Sales Tax
2) Customs Duty
3) Professional Tax
4) Income Tax
Q. Interest below which a bank is not expected to lend to customers is known as___________
1) Deposit Rate
2) Base Rate
3) Prime Lending Rate
4) Bank Rate
Q. Interest on Savings deposit nowadays is__________
1) Fixed by RBI
2) Fixed by the respective Banks
3) Fixed by the Depositors
4) Fixed as per the contract between Bank and the Consumer Court
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