Expand FRBM. (a) Financial Responsibility and Budget Management (b) Fiscal Responsibility and Budget Maintenance (c) Fiscal Responsibility and Budget Management (d) Fiscal Risk and Budget Management (e) None of these 2. Which deficit is budgetary deficit plus market borrowings and other liabilities of the GOI? (a) Financial Deficit (b) Current Account Deficit (c) Fiscal Deficit (d) Capital Account Deficit (e) None of these 3. Deficit financing can (these are also demerits of it) (a) Cause inflation (b) Bring rise in fiscal deficit (c) Bring rise in credit creation in banks (d) All above (e) None of the above 4. When was Foreign Exchange Management Act (FEMA) introduced? (a) July, 1998 (b) July, 1999 (c) July, 2000 (d) July, 1995 (e) None of these 5. For which purpose Tarapore Committee was formed? (a) To look into Current Account Convertibility (b) To look into Financial Account Convertibility (c) To look into Capital Account Convertibility (d) To look into both Current and Capital Account Convertibility (e) None of these 6. If the rupees depreciate, what is the effect on the exporters? (a) They are unaffected (b) They are in loss (c) They are in profit (d) They get credit crunch (e) None of these 7. Which can be called as the actual base for the total demand deposit structure (DD) of the banking system? (a) Other Deposits (OD) of the banks (b) Reserve Money (RM) of the banks (c) Currency in the circulation with the customers of that bank (d) Cash reserves of the banks (e) None of these 8. What is Reserve Money (RM)? (a) Currency in circulation with the public (b) Deposits of some people with RBI (c) Cash reserves of the banks (d) Total of the above three options (e) None of the above 9. Soon after setting up of IMF, India fixed dollar-rupees exchange rates. What was the value of one dollar at that time? (a) Rs. 3.30 / USD (b) Rs. 4.50 / USD (c) Rs. 3.00 / USD (d) Rs. 5.50 / USD (e) None of these 10. What is the objective of introduction of ‘Marginal Standing Facility’ by RBI? (a) To contain volatility in the overnight inter-bank rates (b) To contain volatility in MIBOR (c) To contain volatility in LIBOR (d)To match with standard Tier 1 capital Ratio (e) None of these 1. C 2. C 3. D 4. A 5. C 6. C 7. D 8. D 9. A 10. A
Posted on: Fri, 27 Sep 2013 01:40:33 +0000
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