Q1. When were the Railways nationalised?
(a) 1945
(b) 1946
(c) 1947
(d) 1951

Q2. Which of the following must always balance in the foreign trade of the country?
(a) Balance of trade
(b) Balance of payment
(c) Balance of current account
(d) None of the above
Q3. In which one of year ‘Rolling Plan’ was in operation in India ?
(a) 1968 – 69
(b) 1978 – 79
(c) 1988 – 89

Q4. Bank rate is the rate at which
(a) A bank lends to the public
(b) The Reserve Bank of India lends to the public
(c) The Government of India lends to other countries
(d) The Reserve Bank of India gives credit to commercial banks
Q5. Reserve Bank of India was nationalized in the year
(a) 1935
(b) 1945
(c) 1949
(d) 1969
Q6. Small-scale industries in India are supposed to be
(1) Labour intensive
(2) Capital intensive
(3) Labour light
(4) Skill light
Choose your answer from the following codes.
(a) 1 and 4
(b) 2 and 3
(c) 2 and 4
(d) 1 and 3
Q7. The 1956 Industrial Policy objective did not include
(a) Accelerating rate of growth and industrialisation
(b) Balanced Industrial Growth among Various Regions
(c) Expanding the public sector
(d) None of these
Q8. The Export Import (EXIM) Bank was set up in
(a) 1980
(b) 1982
(c) 1981
(d) 1989
Q9. What is a scheduled bank ?
 (a) A bank having a deposit of Rs 100 crore
 (b) A bank included in the second schedule of Reserve Bank of India
 (c) A bank with more than 50 branches
 (d) None of these
Q10. The first indigenous bank which came into existence in 1894 was the
(a) Central Bank of India
(b) Punjab National Bank
(c) Reserve Bank of India
(d) Imperial Bank of India
Q11. The first train in Indian ran between Bombay and Thane in the year
(a) 1853
(b) 1893
(c) 1943
(d) 1963
Q12. The Industrial Finance Corporation of India was set up in the year
(a) 1948
(b) 1968
(c) 1958
(d) 1978
Q13. The instruments used by RBI for quantitative control is..
(a)  Cash Requirement Ratio
(b)  Statutory Liquidity Ratio
(c)  Margin Requirements
(d) All of above
Q14. The Rolling Plan for backwards countries was suggested by
(a) Gunnar Myrdal
(b) W.A. Lewis
(c) R. Nurkse
(d) A. Samuelson
Q15. The methods of credit control used by the RBI can be divided into
(a) Monetary and fiscal
(b) Open and close
(c) Quantitative and qualitative
(d) Rural and urban



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