EASY
UPSC CAPF AC Paper - I
IMPORTANT
Earn 100

Consider the following statements regarding India's Minimum Reserve system and select the incorrect one/one's using the codes given below
1. In minimum reserve system, RBI had to keep a minimum reserve of gold worth ~ 115 crore and rest in Indian rupees.
2. The minimum requirement of foreign securities was diluted when minimum reserve system was launched.

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Important Questions on Indian Economy

EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 6>Q 112
If the RBI decides to adopt an 'expansionist' monetary policy, which of the following it would not do?
1. Cut CRR and optimise SLR
2. Increase MSFR (Marginal Standing Facility Rate)
3. Cut bank rate and increase Reverse Repo Rate
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 6>Q 113
Which one of the following currencies is used by RBI to construct the Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of Indian Currency?
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 6>Q 114
When the Reserve Bank of India reduces Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen?
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 6>Q 115
The Government of India and RBI have decided to introduce 1 billion pieces of Rs 10 notes in polymer/plastic on a field trial basis. Which of the following is or are the objectives behind this move?
1. Increase of the lifetime of the notes
2. Combating counterfeiting
3. Reducing cost of minting of currency.
Select the correct answer using the codes given below
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 6>Q 116
The monetary and credit policy is announced by which of the following ?
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 6>Q 117

Consider the following statements.

1. Bank rate is the rate of interest which RBI charges its clients on their short term borrowing.

2. Repo rate is the rate of interest which RBI charges its clients on their long term borrowing.

Which of the statements given above is/are correct ?

MEDIUM
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 7>Q 1
The basic aim of Lead Bank Scheme is that _____.
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 7>Q 2
With reference to Indian commercial banks Consider the following statements
1. The base rate system for the interest of the commercial banks was introduced in 2010.
2. The base rate system has enabled a more informed assessment of the transmission of monetary policy impulses to banks' lending rates.
Which of the statements given above is/are correct?