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Indian Economy : Money and Banking

Description: INDIAN ECONOMY MONEY AND BANKING - General Knowledge Indian Economy Money and Banking Practice and Online Preparation Test for Bank PO, SSC, CDS, UPSC and Other Exams
Number of Questions: 25
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Tags: Bank PO UPSC MBA B.ED HOTEL MANAGEMENT RRB LIC INDIAN ECONOMY MONEY AND BANKING MBA Finance FInance Jobs Commercial Jobs Public Revenue Company Accounts Monetary Policy Development Bank and Other Term Financing Institutions in India Banking in India
Attempted 0/25 Correct 0 Score 0

Directions: Choose the correct option for the given question:

The tax levied by Local Governments i.e. Municipal Corporations and municipalities is

  1. Income Tax

  2. Wealth Tax

  3. House Tax

  4. Gift Tax


Correct Option: C

Directions: Choose the correct option for the given question:

The tax collected by the State Governments and given to local bodies is

  1. Income Tax

  2. Wealth Tax

  3. House Tax

  4. Professional Tax


Correct Option: D

Directions: Choose the correct option for the given question:

When was the Avadh Commercial Bank established?

  1. 1881

  2. 1894

  3. 1898

  4. 1899


Correct Option: A

Directions: Choose the correct option for the given question:

The largest revenue in India is obtained from

  1. Railways

  2. Excise Duty

  3. Sales Tax

  4. Direct Taxes


Correct Option: B

Directions: Choose the correct option for the given question:

Which was the first Bank incorporated by the Indians in1881?

  1. Imperial Bank of India

  2. State Bank of India

  3. Avadh Commercial Bank

  4. Reserve Bank of India


Correct Option: C

Directions: Choose the correct option for the given question:

The period for Call Money is

  1. 10 to 15 days

  2. 1 to 14 Days

  3. 15 to 30 Days

  4. One Month


Correct Option: B

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When was Reserve Bank of India Nationalised?

  1. 1947

  2. 1948

  3. 1949

  4. 1950


Correct Option: C

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When was OMBUDS MEN SCHEME first introduced?

  1. November 2006

  2. October 1981

  3. June 1995

  4. January 1998


Correct Option: C

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Who will settle the grievances of customers of banks?

  1. Reserve Bank of India

  2. State Bank of India

  3. Local Courts

  4. Ombuds Men


Correct Option: D

Directions: Choose the correct option for the given question:

Who regulates the money circulation in India?

  1. State Bank of India

  2. Reserve Bank of India

  3. NABARD

  4. Commercial Banks


Correct Option: B

Directions: Choose the correct option for the given question:

When did Indian Banking Act come into force?

  1. 1948

  2. 1949

  3. 1950

  4. 1951


Correct Option: B

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Who introduced the Banking Ombudsmen Scheme?

  1. ARBI

  2. SBI

  3. Ministry of Finance

  4. NABARD


Correct Option: A

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When was Reserve Bank of India established?

  1. 1920

  2. 1925

  3. 1935

  4. 1948


Correct Option: C

Directions: Choose the correct option for the given question:

Who acts as the banker to the Government of India?

  1. State Bank of India

  2. Reserve Bank of India

  3. NABARD

  4. Nationalised Banks


Correct Option: B

Directions: Choose the correct option for the given question:

Where is the Head Quarter of Reserve Bank of India?

  1. Mumbai

  2. Delhi

  3. Kolkota

  4. Ahmedabad


Correct Option: A

Directions: Choose the correct option for the given question:

When was the second phase of nationalisation of banks done in India?

  1. 9th July, 1969

  2. 10th July, 1968

  3. 16th August, 1985

  4. 15th April, 1980


Correct Option: D

Directions: Choose the correct option for the given question:

The tax levied by Central Government and collected by State Government is

  1. Stamp Duty

  2. Excise Duty

  3. Income Tax

  4. Gift Tax


Correct Option: A

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How many banks were there in second phase of nationalisation?

  1. 4

  2. 5

  3. 6

  4. 7


Correct Option: C

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When was Lead Bank Scheme introduced?

  1. 1967

  2. 1968

  3. 1969

  4. 1974


Correct Option: C

Directions: Choose the correct option for the given question:

Who was first governor of Reserve Bank of India?

  1. K.A. Narasimham

  2. V.K. Malhotra

  3. A.K. Vadia

  4. A.B.A Smith


Correct Option: D

Directions: Choose the correct option for the given question:

When did Indian Banking Act come into force? Imperial Banks were amalgamated and changed to

  1. Reserve Bank of India

  2. Tata Bank of India

  3. Subsidiary Banks

  4. Union Bank of India


Correct Option: B

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When was Imperial Bank changed to State Bank of India?

  1. Jan 1, 1935

  2. Feb 26, 1947

  3. July 1, 1955

  4. July 1, 1959


Correct Option: C

Directions: Choose the correct option for the given question:

How many banks were first nationalised?

  1. 10

  2. 12

  3. 14

  4. 16


Correct Option: C

Directions: Choose the correct option for the given question:

Which of the following is not an organized sector in India?

  1. Nationalised Banks

  2. Regional Rural Banks

  3. Cooperative Banks

  4. Chits and Money lenders


Correct Option: D

Directions: Choose the correct option for the given question:

What is the major share in revenue of State Governments?

  1. Stamp Duty

  2. Excise Duty

  3. Sales Tax

  4. Income Tax


Correct Option: C
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