Q. Money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as -
1) Current Deposit
2) Saving Deposit
3) Term Deposit
4) No Frills Account
Q. On which date was the Ombudsman Scheme for the Non-Banking Financial Companies (NBFC), 2018 effectively introduced by the Reserve Bank of India?
1) 26 January 2018
2) 23 January 2018
3) 26 February 2018
4) 23 February 2018
Q. The Modi government at the center has formed NITI Aayog by replacing which one of the following?
1) Planning commission
2) Agriculture price commission
3) Finance commission
4) Fiscal commission
Q. Which of the following institutions does not regulate capital market in India ?
1) RBI
2) SEBI
3) Ministry of Finance
4) IRDA
Q. In which year was the first Industrial Policy based on the mixed economy principle announced in India ? The policy clearly demarcated the areas of operation of the public and private sectors.
1) 1959
2) 1948
3) 1950
4) 1962
Q. For the calculation of the 'wholesale price index' in 2019, _________ is taken as the base year.
1) 2013-14
2) 2014-15
3) 2011-12
4) 2012-13
Q. Which of the following may be classified as a Pigouvian tax?
1) Long term capital gain tax
2) Corporate tax
3) Carbon tax
4) Income tax
Q. Which of the following types of banks have been established in India under differentiated bank-ing?
I. Regional Rural Banks
II. Universal Banks
III. Small Finance Banks
IV. Private Banks
V. Payments Bank
Correct code is -
1) Only I, III and V
2) Only II and IV
3) Only II
4) All I, II, III, IV and V
Q. The excess of total expenditure of Government over its total receipts, excluding borrowings, is known as -
1) Primary deficit
2) Fiscal deficit
3) Current deficit
4) Capital deficit
Q. The situation where the equilibrium level of real GDP falls short of potential GDP is known as -
1) Recessionary gap
2) Inflationary gap
3) Demand-side inflation
4) Supply-side inflation
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