Q. ____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.
✅ Correct Answer: (B)
Bank rate
Principles of Economics and Management MCQs | Page - 2
Dear candidates you will find MCQ questions of Principles of Economics and Management here. Learn these questions and prepare yourself for coming examinations and interviews. You can check the right answer of any question by clicking on any option or by clicking view answer button.
Q. Which among the following is a function of the Reserve Bank of India?
✅ Correct Answer: (B)
Collecting and compilation of statistical information relating to banking & other financial sectors
Q. The following is the direct tax among:
✅ Correct Answer: (A)
House tax
Q. Which among the following is a cause of inflation?
✅ Correct Answer: (A)
Deficit financing
Q. The capital that is consumed by an economy or a firm in the production process is known as:
✅ Correct Answer: (D)
Depreciation
Q. Which of the following is also known as International Bank for Reconstruction and Development?
✅ Correct Answer: (B)
World Bank
Q. A change in fiscal policy affects the balance of payments through:
✅ Correct Answer: (C)
Both, the current account and capital account
Q. Fiscal Policy means:
✅ Correct Answer: (C)
Policy relating to government spending’ taxation and borrowing
Q. Which one of the following is NOT the objective of fiscal policy of government of India?
✅ Correct Answer: (C)
Regulation of inter-state trade
Q. Monetary policy is implemented by in India.
✅ Correct Answer: (D)
Reserve Bank of India
Jump to