1000 Best Indian Economy MCQs
Q57). On July 12, 1982, the ARDC was merged into
a).RBI
b).NABARD
c).EXIM Bank
d).None of the above
Correct Answer:
NABARD
Explanation:
Q58). Which of the following is the most appropriate cause of exports surplus?
a).Country’s exports promotion value
b).Country’s stringent import policy
c).Developments in national and international markets
d).None of the above
Correct Answer:
Developments in national and international markets
Explanation:
Q59). If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
a).increase it
b).decrease it
c).no impact
d).None of the above
Correct Answer:
increase it
Explanation:
Q60). Which of the following items would not appear in a company’s balance sheet?
a).Value of stocks of raw materials held
b).Total issued capital
c).Revenue from sales of the company’s products
d).Cash held at the bank
Correct Answer:
Revenue from sales of the company’s products
Explanation:
Q61). 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
Correct Answer:
Bretton Woods Agreement
Explanation:
Q62). In the state of India, the State Financial Corporation have given assistance mainly to develop
a).agricultural farms
b).cottage industry
c).large-scale industries
d).medium and small-scale industries
Correct Answer:
medium and small-scale industries
Explanation:
Q63). The central co-operative banks are in direct touch with
a).farmers
b).state co-operative banks
c).land development banks
d).central government
Correct Answer:
state co-operative banks
Explanation:
Q64). The first wholly Indian Bank was set up in
a).1794
b).1894
c).1896
d).1902
Correct Answer:
1894
Explanation: