Question 51 : How many banks were nationalized in 1969?
1. 16
2. 14
3. 15
4. 20
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Question 52 : The currency convertibility concept in its original form originated in
1. Wells Agreement
2. Bretton Woods Agreement
3. Taylors Agreement
4. None of the above
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Question 53 : Short-term finance is usually for a period ranging up to
1. 5 months
2. 10 months
3. 12 months
4. 15 months
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Question 54 : States earn maximum revenue through
1. land revenue
2. custom revenue
3. commercial taxes
4. excise duties on intoxicants
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Question 55 : If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
1. increase it
2. decrease it
3. no impact
4. None of the above
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Question 56 : Deficit financing implies
1. printing new currency notes
2. replacing new currency with worn out currency
3. public expenditure in excess of public revenue
4. public revenue in excess of public expenditure
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Question 57 : Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
1. ARDC
2. SBI
3. NABARD
4. PACs
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Question 58 : Depreciation means
1. closure of a plant due to lock out
2. closure of a plant due to labour trouble
3. loss of equipment over time due to wear and tear
4. destruction of a plant in a fire accident
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Question 59 : Which of the following items would not appear in a company's balance sheet?
1. Value of stocks of raw materials held
2. Total issued capital
3. Revenue from sales of the company's products
4. Cash held at the bank
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Question 60 : Devaluation of currency will be more beneficial if
1. prices of domestic goods remain constant
2. prices of exports remain constant
3. prices of imports remains constant
4. prices of exports rise proportionately
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