Notes Money and Banking-Online Practice Exam 3 November 22, 2023 November 22, 2023 NET / SET Online Practice Exams Money and Banking Test Multi-choice 3 Question 1. According to a notification of Central government, which of the following is the lower and upper tolerance limit of consume Price Index base inflation rate for the purpose of deciding the policy Repo Rate- Answers Option 1 1 per cent, 5 per cent Option 2 2 per cent, 6 per cent Option 3 3 per cent, cent, 7 per cent Option 4 None of the above Feedback Wrong Click Correct choice Wrong Click Incorrect choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Policy Repo Rate in India is decided by Answers Option 1 Ministry of Finance Option 2 Governor of RBI Option 3 Indian Bank’s Association Option 4 Monetary Policy Committee Feedback Wrong Click Incorrect choice Wrong Click Correct choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Which of the following statement is correct about the Monetary Policy Committee (MPC)? MPC was constituted on the recommendation of Urjit Patel Committee MPC was constituted on 29 September, 2016 MPC has 6 members, 3 from the RBI and 3 nominated by the government of India The term of office of the government nomi- nated members is 4 years Answers Option 1 Only I Option 2 Only I and III Option 3 All I, II, III and IV Option 4 Only I, II and III Feedback Wrong Click Incorrect option selected Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4. CMatch the List-I and List-II and choose the correct code given below- List I List II a. Liquidity Adjustment Facility (LAF) i. Rediscount bills of exchange b. Marginal Standing Facility (MSF) ii. Purchase and sale of government securities c. Bank Rate iii. Repo rate d. Open Market Operations iv. Borrowing of additional amount of money Answers Option 1 a.iii, b.iv, c.i, d.2 Option 2 a.ii, b.iv, c.i, d.iii Option 3 a.iii, b.iv, c.ii, d.i Option 4 a.iii, b.ii, c.i, d.iv Feedback Correct choice Wrong code Incorrect selection Wrong code Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. Bench mark inflation target limit of CPI based inflation rate, notified by the government of India ending on- Answers Option 1 March 31, 2020 Option 2 March 31, 2021 Option 3 March 31, 2022 Option 4 March 31, 2023 Feedback Wrong Click Correct choice Incorrect option Wrong Click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Which of the following is a non-banking financial institution? National Housing Bank NABARD Export-Import Bank SIDBI Answers Option 1 Only II Option 2 Only I and III Option 3 Only II and III Option 4 All I, II, III and IV Feedback Wrong Click Incorrect option Wrong Click Correct choice Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 7. Which of the following is not a characterstics of a non-banking financial institution (NBFC)? Answers Option 1 NBFC cannot accept deposits from the public Option 2 Pawn shops are a type of NBFCs Option 3 NBFC can accept deposits from the public Option 4 NBFCs provide services that are not necessa- rily suited to banks Feedback Wrong Click Incorrect choice Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. Which of the following pairs is/are matched correctly? Risk Pooling Institution-Life Insurance Corporation of India Contracted Saving Institutions-Foreign Institutional Investors Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong Click Incorrect selection Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. The banking, securities and insurance markets have become increasingly integrated. Which of the following pair is/are matched correctly in regard to an approach to supervision? A three-pillar or sectoral model-Banking A two-pillar or twin peak model-Prudential and business conduct. Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong Click Incorrect choice Correct choice Wrong Click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Which of the following is the regulator of capital markets in India? Answers Option 1 Securities and Exchange Board of India Option 2 Reserve Bank of India Option 3 Registrar of Companies Option 4 Ministry of Corporate Affairs Feedback Correct choice Wrong Click Incorrect choice Wrong Click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Licensed under the www.myeconomics.info << Prev Next >> "There is no joy in possession without sharing". Share this page. 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Multi-choice 3 Question 1. According to a notification of Central government, which of the following is the lower and upper tolerance limit of consume Price Index base inflation rate for the purpose of deciding the policy Repo Rate- Answers Option 1 1 per cent, 5 per cent Option 2 2 per cent, 6 per cent Option 3 3 per cent, cent, 7 per cent Option 4 None of the above Feedback Wrong Click Correct choice Wrong Click Incorrect choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Policy Repo Rate in India is decided by Answers Option 1 Ministry of Finance Option 2 Governor of RBI Option 3 Indian Bank’s Association Option 4 Monetary Policy Committee Feedback Wrong Click Incorrect choice Wrong Click Correct choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Which of the following statement is correct about the Monetary Policy Committee (MPC)? MPC was constituted on the recommendation of Urjit Patel Committee MPC was constituted on 29 September, 2016 MPC has 6 members, 3 from the RBI and 3 nominated by the government of India The term of office of the government nomi- nated members is 4 years Answers Option 1 Only I Option 2 Only I and III Option 3 All I, II, III and IV Option 4 Only I, II and III Feedback Wrong Click Incorrect option selected Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4. CMatch the List-I and List-II and choose the correct code given below- List I List II a. Liquidity Adjustment Facility (LAF) i. Rediscount bills of exchange b. Marginal Standing Facility (MSF) ii. Purchase and sale of government securities c. Bank Rate iii. Repo rate d. Open Market Operations iv. Borrowing of additional amount of money Answers Option 1 a.iii, b.iv, c.i, d.2 Option 2 a.ii, b.iv, c.i, d.iii Option 3 a.iii, b.iv, c.ii, d.i Option 4 a.iii, b.ii, c.i, d.iv Feedback Correct choice Wrong code Incorrect selection Wrong code Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. Bench mark inflation target limit of CPI based inflation rate, notified by the government of India ending on- Answers Option 1 March 31, 2020 Option 2 March 31, 2021 Option 3 March 31, 2022 Option 4 March 31, 2023 Feedback Wrong Click Correct choice Incorrect option Wrong Click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Which of the following is a non-banking financial institution? National Housing Bank NABARD Export-Import Bank SIDBI Answers Option 1 Only II Option 2 Only I and III Option 3 Only II and III Option 4 All I, II, III and IV Feedback Wrong Click Incorrect option Wrong Click Correct choice Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 7. Which of the following is not a characterstics of a non-banking financial institution (NBFC)? Answers Option 1 NBFC cannot accept deposits from the public Option 2 Pawn shops are a type of NBFCs Option 3 NBFC can accept deposits from the public Option 4 NBFCs provide services that are not necessa- rily suited to banks Feedback Wrong Click Incorrect choice Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. Which of the following pairs is/are matched correctly? Risk Pooling Institution-Life Insurance Corporation of India Contracted Saving Institutions-Foreign Institutional Investors Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong Click Incorrect selection Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. The banking, securities and insurance markets have become increasingly integrated. Which of the following pair is/are matched correctly in regard to an approach to supervision? A three-pillar or sectoral model-Banking A two-pillar or twin peak model-Prudential and business conduct. Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong Click Incorrect choice Correct choice Wrong Click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Which of the following is the regulator of capital markets in India? Answers Option 1 Securities and Exchange Board of India Option 2 Reserve Bank of India Option 3 Registrar of Companies Option 4 Ministry of Corporate Affairs Feedback Correct choice Wrong Click Incorrect choice Wrong Click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Licensed under the www.myeconomics.info << Prev Next >> "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook Twitter
Multi-choice 3 Question 1. According to a notification of Central government, which of the following is the lower and upper tolerance limit of consume Price Index base inflation rate for the purpose of deciding the policy Repo Rate- Answers Option 1 1 per cent, 5 per cent Option 2 2 per cent, 6 per cent Option 3 3 per cent, cent, 7 per cent Option 4 None of the above Feedback Wrong Click Correct choice Wrong Click Incorrect choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Policy Repo Rate in India is decided by Answers Option 1 Ministry of Finance Option 2 Governor of RBI Option 3 Indian Bank’s Association Option 4 Monetary Policy Committee Feedback Wrong Click Incorrect choice Wrong Click Correct choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Which of the following statement is correct about the Monetary Policy Committee (MPC)? MPC was constituted on the recommendation of Urjit Patel Committee MPC was constituted on 29 September, 2016 MPC has 6 members, 3 from the RBI and 3 nominated by the government of India The term of office of the government nomi- nated members is 4 years Answers Option 1 Only I Option 2 Only I and III Option 3 All I, II, III and IV Option 4 Only I, II and III Feedback Wrong Click Incorrect option selected Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4. CMatch the List-I and List-II and choose the correct code given below- List I List II a. Liquidity Adjustment Facility (LAF) i. Rediscount bills of exchange b. Marginal Standing Facility (MSF) ii. Purchase and sale of government securities c. Bank Rate iii. Repo rate d. Open Market Operations iv. Borrowing of additional amount of money Answers Option 1 a.iii, b.iv, c.i, d.2 Option 2 a.ii, b.iv, c.i, d.iii Option 3 a.iii, b.iv, c.ii, d.i Option 4 a.iii, b.ii, c.i, d.iv Feedback Correct choice Wrong code Incorrect selection Wrong code Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. Bench mark inflation target limit of CPI based inflation rate, notified by the government of India ending on- Answers Option 1 March 31, 2020 Option 2 March 31, 2021 Option 3 March 31, 2022 Option 4 March 31, 2023 Feedback Wrong Click Correct choice Incorrect option Wrong Click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Which of the following is a non-banking financial institution? National Housing Bank NABARD Export-Import Bank SIDBI Answers Option 1 Only II Option 2 Only I and III Option 3 Only II and III Option 4 All I, II, III and IV Feedback Wrong Click Incorrect option Wrong Click Correct choice Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 7. Which of the following is not a characterstics of a non-banking financial institution (NBFC)? Answers Option 1 NBFC cannot accept deposits from the public Option 2 Pawn shops are a type of NBFCs Option 3 NBFC can accept deposits from the public Option 4 NBFCs provide services that are not necessa- rily suited to banks Feedback Wrong Click Incorrect choice Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. Which of the following pairs is/are matched correctly? Risk Pooling Institution-Life Insurance Corporation of India Contracted Saving Institutions-Foreign Institutional Investors Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong Click Incorrect selection Correct choice Wrong Click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. The banking, securities and insurance markets have become increasingly integrated. Which of the following pair is/are matched correctly in regard to an approach to supervision? A three-pillar or sectoral model-Banking A two-pillar or twin peak model-Prudential and business conduct. Answers Option 1 Only I Option 2 Only II Option 3 Both I and II Option 4 Neither I nor II Feedback Wrong Click Incorrect choice Correct choice Wrong Click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Which of the following is the regulator of capital markets in India? Answers Option 1 Securities and Exchange Board of India Option 2 Reserve Bank of India Option 3 Registrar of Companies Option 4 Ministry of Corporate Affairs Feedback Correct choice Wrong Click Incorrect choice Wrong Click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Licensed under the www.myeconomics.info << Prev Next >> "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook Twitter