1. The Reserve Bank of India was nationalized in?
a. 1947
b. 1949
c. 1950
d. 1956

2. What is a Bank which has capital and reserves of over Rs. 5 lakhs called?
a. National Bank
b. Cooperative Bank
c. Scheduled Bank
d. Unscheduled Bank

3. The Export-Import (EXIM) Bank was set up in
a. 1982
b. 1983
c. 1987
d. 1985

4. Which of the following has the sole right of issuing paper notes in India?
a. Union Government
b. Reserve Bank of India
c. Ministry of Finance
d. Supreme Court

5. In India, coins and subsidiary coins are issued by
a. Union Government
b. Reserve Bank of India
c. Ministry of Finance
d. Supreme Court

6. Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf?
a. State Bank of India
b. Reserve Bank of India
c. Ministry of Finance
d. Union Parliament

7. When was the International Monetary Fund (IMF) established?
a. 1944
b. 1945
c. 1948
d. 1950

8. Decision taken at Bretton Woods Conference led to the formation of
a. IDA
b. IMF
c. ADB
d. IFC

9. The International Bank for Reconstruction and Development (IBRD) is better known as
a. World Bank
b. Asian Development Bank
c. IMF
d. It is known by its name

10. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
a. Asian Development Bank
b. IMF
c. International Developmental Association
d. International Finance Corporation

11. The International Finance Corporation (IFC) was established in?
a. 1956
b. 1972
c. 1985
d. 1960

12. Where is the headquarters of Asian Development Bank (ADB) situated?
a. Manila
b. Delhi
c. Bangkok
d. Hong Kong

13. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?
a. Asian Development Bank
b. IMF
c. International Developmental Association
d. International Finance Corporation

14. Who is known as the ‘Father of Economics’?
a. Adam Smith
b. Chanakya
c. Machiavelli
d. None of these

15. Which was the first Indian Bank to introduce credit card?
a. Central Bank of India
b. UBI
c. Andhra Bank

16. When did India become a member of the IMF?
a. 1956
b. 1947
c. 1960
d. 1951

17. Euro is the currency of European Union. When did it come into being?
a. 1999
b. 1995
c. 2000
d. 2001

18. When did the Foreign Exchange Regulation Act (FERA) come into being?
a. 1973
b. 1975
c. 1980
d. 1981

19. When did Regional Rural Banks start functioning in India?
a. 1960
b. 1947
c. 1956
d. 1975

20. In India, income tax is levied by 
a. Ministry of Finance
b. State Governments
c. Union Government
d. RBI

21. Approx. __ % of Indian population is still Agriculturist.
a. 46%
b. 50%
c. 58%
d. 64%

22. Contribution of agriculture to Gross National Product is approximately ?
a. 14%
b. 15%
c. 16.5%
d. 17.5%

23. How much population is living below poverty line in India ?
a. Approx 24%
b. Approx 25%
c. Approx 26%
d. Approx 27%

24. The best indicator of economic development of any country is ?
a. Its agriculture
b. Its transport
c. Its gross production
d. Its per capita income

25. What is the mainstay of Indian economy
a. Manufacturing
b. Business
c. Public sector
d. Agriculture

26. India is the largest milk producing country in the world .
a. True
b. False

27. Who was the father of Operation Flood ?
a. Dr. Norman Borlaug
b. Dr. M.S. Swaminathan
c. Dr. Verghese Kurien
d. Dr. William Gande

28. The increase in oil seeds production was due to ?
a. White revolution
b. Yellow revolution
c. Green revolution
d. Brown revolution

29. The progress in increase of fish production was called
a. Yellow revolution
b. White revolution
c. Brown revolution
d. Blue revolution

30. Which state is the biggest tea producer in the country ?
a. Andhra Pradesh
b. Sikkim
c. Assam
d. West Bengal

31. India holds the third position in production of Sugar cane.
a. True
b. False

32. National Agriculture Insurance Scheme was implemented on
a. Oct. 1997
b. Oct. 1998
c. Oct. 1999
d. Oct. 2000

33. Which is not a Kharif Crop?
a. Jowar
b. Maize
c. Groundnut
d. Wheat

34. The data of estimation of India’s National income is issued by ?
a. Planning Commision
b. National Data Center
c. Central Statistical Organsation
d. None of above

35. The concept of Economic Planning in India is derived from?
a. USA
b. UK
c. Australia
d. Russia

36. First five year plan in India was from
a. 1947 – 1952
b. 1949 – 1954
c. 1950 – 1955
d. 1951 – 1956

37. First five year plan was based on?
a. Herold -Domar Model
b. P.C. Mahalanobis Model
c. Both of above
d. None of above

38. Which five year plan is also known as “Gadgil Yojana” ?
a. Second Five Year Plan
b. Third Five Year Plan
c. Fourth Five Year Plan
d. Fifth Five Year Plan

39. Which five year plan focused on “Growth with social justice and equity”.
a. Ninth Five Year Plan
b. Eight Five Year Plan
c. Seventh Five Year Plan
d. Sixth Five Year Plan

40. Planning Commission was constituted on?
a. 15 March, 1948
b. 15 March, 1949
c. 15 March, 1950
d. 15 March, 1951

41. 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

42. Inflation Indexed Bonds is pegged to ___?
a. WPI
b. CPI
c. Both WPI and CPI
d. None of the above

43. 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

44. What term is used for maximum capital which the company can raise in its life time?
a. Authorized Capital
b. Registered Capital
c. Nominal Capital
d. All of them

45. Which among the following is NOT a pillar of Basel III?
a. Minium capital standards
b. Supervisory review
c. Market discipline
d. Consolidation of assets

46. Which among the following closest instrument to Gold ETF?
a. Debenture
b. G-Sec security
c. Mutual Fund
d. Commercial Paper

47. Which among the following is a qualitative tool of monetary policy?
a. Bank Rate
b. Credit Celling
c. Credit rationaing
d. Cash Reserve Ratio

48. Which among the following is NOT a subsidiary of RBI?
a. National Housing Bank
c. Bharatiya Reserve Bank Note Mudran Private Limited

49. Which of the following is used to denote broad money?
a. M 1
b. M 2
c. M 3
d. M 4

50. 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
b. Senior Citizen Health Insurance Scheme
c. National Life Insurance Scheme
d. 1 and 2

Answers :  
1. b 2. c 3. a 4. b 5. c  6. b 7. a 8. b 9. a 10. c
11. a 12. a 13. d 14. a 15. a 16. b 17. a 18. a 19. d 20. c
21. c 22. d 23. c 24. d 25. d 26. a 27. c 28. b 29. d 30. c
31. b 32. c 33. d 34. c 35. d 36. d 37. a 38. c 39. a 40. c
41. b 42. a 43. b 44. d 45. d 46. c 47. c 48. d 49. c 50. d

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