1. Which of the following is the basic objective of R.B.I’s monetary policy? (d)
a. To control deficit in the balance of payment
b. To control public expenditure
c. To control deficit of the budget
d. To control cost and availability of money
2. The maximum amount of the total Revenue earned by the government of India comes from (c)
a. Income Tax
b. Customs Duty
c. Excise Duty
d. Value Added Tax
3. What is a Repo Rate? (b)
a. It is a rate at which RBI sell government securities to banks
b. It is a rate at which banks borrow rupees from RBI
c. It is a rate at which RBI allows small loans in the market
d. It is a rate which is offered by Banks to their most valued customers or prime customers
4. Which of the following bill is regarding timely delivery of information & documents like birth & death certificates & revenue records to people & empowering them to file complaints against delays? (b)
a. Jan Lokpal Bill
b. Janhit Guarantee Bill
c. Right to Education
d. Jansewa Guarantee Bill
5. What is Call Money? (a)
a. Money borrowed or lent for a day or over night
b. Money borrowed for more than one day but up to 3 days
c. Money borrowed for more than one day but up to 7 days
d. Money borrowed for more than one day but up to 14 days
