Banking Awareness : Quiz 04
Banking Awareness : Quiz 04
Q.1) Find out the incorrect among following:
a) When the government receives more than it spends, it has a surplus
b) If the government spends more than it receives it runs a deficit
c) On a broad generalization, excessive printing of money leads to inflation
d) None of These
Q.2) Which among the following is incorrect:
a) The Gross Fiscal Deficit (GFD) of government is the excess of its total expenditure, current and capital including loans net of recovery, over revenue receipts (including external grants) and non – debt capital receipts
b) The Net Fiscal Deficit is the Gross Fiscal Deficit reduced by net lending by government
c) The Gross primary deficit is the GFD less interest payments
d) Primary Revenue Deficit is the revenue deficit less interest payments
Q.3) If budget constraint stands in present value terms, then fiscal policy may be considered as____:
a) Stagnant
b) Sustainable
c) Escaped
d) None of These
Q.4) Fiscal Sustainability is essential to:
a) Motivate both public and private sector to grow
b) Allows governments to be autonomous to witness excellent economic growth in the long run.
c) Consider both revenue collections and potential variation in expenditure patterns so that demand may be fulfilled in the long run.
d) All of the Above
Q.5) DTC stands for:
a) Direct Tax Code
b) Direct Tax Control
c) Direct Tax Centre
d) None of These
Q.6) FRBM stands for:
a) Fiscal Revenue Budget Management
b) Fiscal Responsibility and Budget Management
c) Fiscal Reforms and Budget Management
d) None of These
Q.7) BFS stands for:
a) Bureau of Financial Supervision
b) Board for Financial Supervision
c) Bi-Lateral Financial System
d) None of These
Q.8) The BFS was constituted in:
a) December 1994
b) November 1994
c) September, 1994
d) None of These
Q.9) The member of BFS board is chaired by:
a) Any Deputy Governor
b) Governor
c) Deputy Governor appointed by Governor
d) None of These
Q.10) The Deputy Governor in charge of banking regulation and supervision, is nominated as the ________of the (BFS) board:
a) Head
b) Vice-Chairman
c) President
d) None of These
Q.11) Which among the following is correct about objectives of BFS:
a) To undertake cosolidated supervision of the financial sector
b) Financial Sector comprising commercial banks, financial institutions and non-banking finance companies
c) Both of Above
d) None of These
Q.12) The BFS’s board member are appointed for term of :
a) 2 years
b) 3 years
c) 4 years
d) None of These
Q.13) Management of RBI consists of (Regarding Governor and Deputy Governors):
a) 1 Governor + 3 Deputy Governor
b) 1 Governor + 4 Deputy Governor
c) 1 Governor + 5 Deputy Governor
d) None of These
Q.14) Which of the following is correct:
a) Reserve Bank of India Act, 1935
b) Reserve Bank of India Act, 1934
c) Reserve Bank of India Act, 1930
d) None of These
Q.15) The Central Office of the Reserve Bank was initially established in ______:
a) Indore
b) Delhi
c) Calcutta
d) None of These
