Q: Which of the following is not an asset held by the commercial bank ?

A: Bills of exchange

B: Current account deposits

C: Money lent at short notice

D: Credit balances with the Reserve Bank



Current account deposits


Q: In India, which sector generally suffers from the problem of surplus labour ?

A: Agriculture

B: Industry

C: Service

D: All of these



Agriculture


Q: Which activity is not included in service sector ?

A: Trade, hotels and restaurants

B: Real estate, finance and insurance

C: Transport and communication

D: Electricity, gas and water supply



Electricity, gas and water supply


Q: Which period in India is known as plan holiday ?

A: 1961-1966

B: 1965-1966

C: 1966-1969

D: 1969-1974



1966-1969


Q: The basic regulatory authority for mutual funds and stock markets lies with the:

A: Stock exchanges

B: Government of India

C: Reserve Bank of India

D: Securities and Exchange Board of India.



Securities and Exchange Board of India.


Q: Find out the statement which is false.
Financial Structural reform needs

A: fall in government budget deficit

B: increase in profitability of economic sectors

C: reduce inflationary pressure

D: increase in the balance of payment deficit



increase in the balance of payment deficit


Q: The SEBI was given statutory recognition in 1992 on the recommendation of:

A: the Chakraborty Commission

B: the Chelliah Committee

C: the Tendulkar Committee

D: the Narasimham Committee



the Narasimham Committee


Q: Fiscal policy is connected with:

A: exports and imports

B: issue of currency

C: public revenue and public expenditure

D: liquidity of money



public revenue and public expenditure


Q: Which one of the following is an indirect tax levied by the Central Government in India ?

A: Service tax

B: Corporate Income tax

C: Profession tax

D: Agricultural Income tax



Service tax


Q: Planning Commission of India was set up by :

A: Morarji Desai

B: T T Krishnamachari

C: Jawaharlal Nehru

D: None of the above



Jawaharlal Nehru
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