Cabinet Ministers

Tuesday, April 16, 2019

Most Important Current Indian Economic Question With Answer

1. Which of the following schemes have been subsumed in the recently approved Ayushman Bharat – National Health Protection Mission (AB-NHPM)?

[A] Rashtriya Swasthya Bima Yojana (RSBY)
[B] Senior Citizen Health Insurance Scheme (SCHIS)
[C] National Life Insurance Scheme
[D] 1 & 2

Answer: 1 & 2

2. Which of the following is used to denote broad money?

 [A] M1
[B] M2
[C] M3
[D] M4

Answer:M3

3. Which among the following is NOT a subsidiary of RBI?
 [A] National Housing Bank
 [B] NABARD
[C] Bharatiya Reserve Bank Note Mudran Private Limited
[D] SIDBI

Answer:SIDBI

4. Which among the following is a qualitative tool of monetary policy?

[A] Bank Rate
 [B] Credit Ceiling
 [C] Credit rationing
 [D] Cash Reserve Ratio

Answer:Credit rationing

5. Which among the following closest instrument to Gold ETF?

[A] Debenture
[B] G-Sec security
[C] Mutual Fund
[D] Commercial Paper

Answer:Mutual Fund 

6. Which among the following is NOT a pillar of Basel III?

[A] Minimum capital standards
[B] Supervisory review
[C] Market discipline
[D] Consolidation of assets

Answer:Consolidation of assets

7. What term is used for maximum capital which the company can raise in its life time?

[A] Authorized Capital
[B] Registered Capital
[C] Nominal Cap
[D] All of them

Answer: All of them

8. Which among the following was the first bank purely managed by Indians?

 [A] Oudh Commercial Bank
[B] Punjab National Bank
[C] Bank of India
[D]Allahabad bank

Answer:Punjab National Bank 

9. Inflation Indexed Bonds is pegged to ___?

[A] WPI
[B] CPI
[C] Both WPI and CPI
[D] None of the above

Answer: WPI 

10. Which of the following best defines a floating-rate bond?
 [A] A bond with a fixed interest rate and has better yield than varying interest rate bond
[B] A bond with a fixed interest rate and has lower yield than varying interest rate bond
[C] A bond with a varying interest rate and has better yield than fixed interest rate bond
[D] A bond with a varying interest rate and has lower yield than fixed interest rate bond

Answer: A bond with a fixed interest rate and has lower yield than varying interest rate bond

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