UPSC  >  Famous Books for UPSC Exam (Summary & Tests)  >  Banking Sector: Money & Banking- 2 Download as PDF

Banking Sector: Money & Banking- 2


Test Description

20 Questions MCQ Test Famous Books for UPSC Exam (Summary & Tests) | Banking Sector: Money & Banking- 2

Banking Sector: Money & Banking- 2 for UPSC 2022 is part of Famous Books for UPSC Exam (Summary & Tests) preparation. The Banking Sector: Money & Banking- 2 questions and answers have been prepared according to the UPSC exam syllabus.The Banking Sector: Money & Banking- 2 MCQs are made for UPSC 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Banking Sector: Money & Banking- 2 below.
Solutions of Banking Sector: Money & Banking- 2 questions in English are available as part of our Famous Books for UPSC Exam (Summary & Tests) for UPSC & Banking Sector: Money & Banking- 2 solutions in Hindi for Famous Books for UPSC Exam (Summary & Tests) course. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free. Attempt Banking Sector: Money & Banking- 2 | 20 questions in 20 minutes | Mock test for UPSC preparation | Free important questions MCQ to study Famous Books for UPSC Exam (Summary & Tests) for UPSC Exam | Download free PDF with solutions
1 Crore+ students have signed up on EduRev. Have you?
Banking Sector: Money & Banking- 2 - Question 1

Which of the following banks were nationalized in 1980?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 1

The other 3 banks are Punjab and Sind Bank, New bank of India and Oriental Bank of Commerce.

Banking Sector: Money & Banking- 2 - Question 2

Consider the following statements and identify the right ones.
i. Post nationalization, banks were supposed to open more branches in rural and semi-urban areas
ii. Banks had to provide credit facilities to areas that come under priority sector.

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 2

Post nationalization, banks were supposed to open more branches in rural and semi-urban areas in order to collect savings from these areas.

Banking Sector: Money & Banking- 2 - Question 3

Consider the following statements and identify the right ones.
i. The lead bank scheme owes its origin to Nariman Committee
ii. Under this scheme, SBI and its subsidiaries only were given the responsibility of development of districts

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 3

Under this scheme, SBI and its subsidiaries, 14 nationalised banks as well as 3 private banks were given the responsibility of development of districts.

Banking Sector: Money & Banking- 2 - Question 4

Regional Rural Banks work at

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 4

The SBI and its subsidiaries, 14 nationalised banks as well as 3 private banks were given the responsibility of development of districts.

Banking Sector: Money & Banking- 2 - Question 5

Which of the following is a subsidiary of SBI?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 5

SBI has 5 subsidiaries now. The other 2 are State Bank of Bikaner and Jaipur and State Bank of Travancore.

Banking Sector: Money & Banking- 2 - Question 6

In 2001, RBI issued a set of guidelines for private sector. Which of the following is true?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 6

The paid up capital should be increased to 300 crore rupees in 3 years of operation.

Banking Sector: Money & Banking- 2 - Question 7

In 2001, RBI issued a set of guidelines for private sector. Which of the following is true?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 7

New banks are supposed to keep minimum 10% of CAR from the beginning.

Banking Sector: Money & Banking- 2 - Question 8

In 2001, RBI issued a set of guidelines for private sector. Accordingly which bank was issued licence?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 8

In 2001, RBI issued a set of guidelines for private sector. Accordingly only 2 banks were given licence then- YES Bank and Kotak Mahindra Bank.

Banking Sector: Money & Banking- 2 - Question 9

Which of the following is a reason for inflation?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 9

Inflation refers to rise in the general price level in the economy. Various demand and supply side factors cause inflation.

Banking Sector: Money & Banking- 2 - Question 10

Which of the following is an effect of inflation?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 10

As a result of inflation, some sections like producers or big landlords gain due to the ownership of assets, income inequality increases.

Banking Sector: Money & Banking- 2 - Question 11

Consider the following statements and identify the right ones.
i. Government can reduce indirect taxes to control inflation
ii. There is trade-off between growth and inflation in India

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 11

Growth cannot be sustained in inflationary situation for a long time and inflation is bound to be high with high growth rates.

Banking Sector: Money & Banking- 2 - Question 12

Which of the following is not a reason for inflation?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 12

Inflation refers to rise in the general price level in the economy. Various demand and supply side factors cause inflation.

Banking Sector: Money & Banking- 2 - Question 13

Which of the following can be undertaken to control inflation?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 13

Inflation can be controlled using monetary, fiscal and other measures.

Banking Sector: Money & Banking- 2 - Question 14

Consider the following statements and identify the right ones.i. For measuring overall inflation in the economy, CPI is used.ii. WPI was first published in 1942 for 23 commodities

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 14

WPI was first published in 1942 for 23 commodities. The base year used for WPI is 2004-05, based on the recommendations of Abhijit Sen Committee.

Banking Sector: Money & Banking- 2 - Question 15

The base year used for WPI is

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 15

WPI data is published by the Office of Economic Adviser, Ministry of Commerce and Industry, while CPI data is published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI). The base year for WPI is 2011-12 while the base year for CPI is 2012.

Banking Sector: Money & Banking- 2 - Question 16

Consider the following statements and identify the right ones.
i. There are 676 items divided into 3 parts in the WPI
ii. All the 3 parts are given equal weightage

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 16

Primary articles constitute 20.12 weightage, fuel has weightage of 14.91 while manufactured items have 64.97 weightage.

Banking Sector: Money & Banking- 2 - Question 17

Which group constitutes maximum weightage in WPI?

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 17

Primary articles constitute 20.12 weightage, fuel has weightage of 14.91 while manufactured items have 64.97 weightage.

Banking Sector: Money & Banking- 2 - Question 18

The base year to calculate CPI-IW is

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 18

The labour ministry has recently revised the base year for CPI-IW to 2016 from 2001.

Banking Sector: Money & Banking- 2 - Question 19

The base year to calculate CPI-AL is

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 19

The base year to calculate CPI-AL is 1986-87 and 260 items are included in the index.

Banking Sector: Money & Banking- 2 - Question 20

The base year to calculate CPI-UNME is

Detailed Solution for Banking Sector: Money & Banking- 2 - Question 20

The base year to calculate CPI-UNME is 1984-85. 180 items are included in the index.

Use Code STAYHOME200 and get INR 200 additional OFF
Use Coupon Code
Information about Banking Sector: Money & Banking- 2 Page
In this test you can find the Exam questions for Banking Sector: Money & Banking- 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Banking Sector: Money & Banking- 2, EduRev gives you an ample number of Online tests for practice