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61.  The Public Debt Office of the Reserve Bank of India

a

  None of the above

b

 attends to the function of note issue the Reserve Bank of India

c

 is a central depository for all types of Government securities except Treasury Bills

d

 controls balance of payment position of the Government of India

e

 is responsible for maintaining external value of rupee

Answer & Explanation
Answer : Option C
Explanation :

62.  Out of total priority sector advances of RRBs, atleast ...... should be advanced to weaker sections.

a

  50%

b

 60%

c

 25%

d

 90%

e

 75%

Answer & Explanation
Answer : Option C
Explanation :

63.  When was Reserve Bank of India Nationalised?

a

  1947

b

 195

c

 1949

d

 1960

e

 1948

Answer & Explanation
Answer : Option C
Explanation :

64.  In which year was World Bank formed?

a

  1960

b

 1956

c

 1978

d

 1945

e

 1988

Answer & Explanation
Answer : Option D
Explanation :

65.  Which of the following is not included in the estimates of National Income?

a

  Addition to inventory, but not sale of the company's products

b

 Sale of collector's items

c

 Cost of government services

d

 None of the above

e

 Market rent of self owned house

Answer & Explanation
Answer : Option B
Explanation :

66.  Which among the following committees had recommended Income Recognition and assets classification norms?

a

  Narasimhan committee;

b

 Rangarajan committee

c

 none of the above

d

 Jankiraman committee

e

 Goiporia committee

Answer & Explanation
Answer : Option A
Explanation :

67.  A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as __________

a

  SFMS

b

 SWIFT

c

 CHIPS

d

 NEFT

e

 CHAPS

Answer & Explanation
Answer : Option B
Explanation :

68.  Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property?

a

  English Mortgage Scheme

b

 None of these

c

 Senior Citizen Personal Loan scheme

d

 Reverse Mortgage Loan scheme

e

 Senior Capital loan Scheme

Answer & Explanation
Answer : Option D
Explanation :

69.  Selling of securities in the open market by the central bank creates-

a

  Both of the above

b

 Inflation

c

 Deflation

d

 None of these

e

 None of the above

Answer & Explanation
Answer : Option C
Explanation :

70.  When was SBI established?

a

  5th May, 1960

b

 1st April, 1935

c

 31st July, 1969

d

 5th May, 1955

e

 1st July, 1955

Answer & Explanation
Answer : Option E
Explanation :

71.  How many types of primary agricultural credit societies are there in our country?

a

  All of the above

b

 Service co-operative

c

 Other small size societies

d

 None of the above

e

 Large-size societies which include Rural Banks, Agricultural Banks and credit unions

Answer & Explanation
Answer : Option D
Explanation :

72.  In Union Budget 2014-15, the exemption on income for senior citizens has been raised to ____.

a

  Rs. 2 lakh per annum

b

 Rs. 3 lakh per annum

c

 Rs. 4 lakh per annum

d

 Rs. 3.5 lakh per annum

e

 v 2.5 lakh per annum

Answer & Explanation
Answer : Option B
Explanation :

73.  Reverse Repo is a tool used by RBI to

a

  None of the above

b

 to keep the liquidity at one level

c

 inject liquidity

d

 absorb liquidity

e

 increase the liquidity with banking system

Answer & Explanation
Answer : Option D
Explanation :

74.  Per capita income is obtained by dividing National Income by

a

  volume of the capital used

b

 area of the country

c

 total population of the country

d

 None of the above

e

 total working population

Answer & Explanation
Answer : Option C
Explanation :

75.  Which of the following is known as Plastic money? (1) Demand Draft (2) Credit Card (3) Debit Card

a

  Both (2) & (3)

b

 Only (3)

c

 Only (1)

d

 Only (2)

e

 All (1), (2) & (3)

Answer & Explanation
Answer : Option A
Explanation :
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