11) Who among the following is not a member of the NDC?
a) All Ministers of Union Cabinet
b) Chief Ministers of the States
c) Governors of the State
d) Administrators of Union Territories
12) The Issue Department of the RBI maintains a _______ against printing of notes:
(a) Minimum Reserve System
(b) Proportional Reserve System
(c) Proportional Gold Reserve System
(d) Proportional Foreign Securities Reserve System
13) Which of the following Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it?
(a) Rs. 500
(b) Rs. 100
(c) Rs. 50
(d) Rs. 5
14) Which of the following are the functions of the Central Bank of India?
1. Regulation of currency and flow of credit system
2. Maintaining exchange value of rupee
3. Formulating monetary policy of India
4. Supervisory powers over the indigenous bankers and leasing companies
(a) 1 and 3
(b) 1, 2 and 3
(c) 1, 2 and 4
(d) 1, 2, 3 and 4
15) Who amongst the following has never held post of the Governor of the RBI?
a) C. Rangarajan
b) L.K. Jha
c) Manmohan Singh
d) Usha Thorat
16) Investment in public works is known as
a) revenue expenditure
b) current expenditure
d) capital expenditure
d) Either ‘a’ or ‘b’
17) An advalorem duty is a tax on the basis of:
(a) the price of a commodity
(b) the value added
(c) the advertisement expenditure
(d) the unit of the commodity
18) Dear Money Policy implies:
(a) high price level
(b) large money supply
(c) high production
(d) high interest rates
19) Whose signature is found on one rupee notes in India?
a) The Secretary, Finance
b) The Governor, RBI
c) The PM of India
d) None of these
20) Which industry earns the second highest, net foreign exchange from the trade?
(a) Gems and ornaments
(b) Textile industry
(c) Steel industry
(d) Engineering goods industry