CLAT (Common Law Admission Test) General-Knowledge(GK): Questions 255 - 261 of 286

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Question number: 255

» Economics

MCQ▾

Question

Which of the following has the sole light of issuing paper notes in India?

Choices

Choice (4) Response

a.

Reserve Bank of India

b.

Supreme Court

c.

Union Government

d.

Ministry of Finance

Question number: 256

» Economics

MCQ▾

Question

The issue department of the RBI maintains a ………………. . against printing of notes.

Choices

Choice (4) Response

a.

Proportional Foreign Securities Reserve System

b.

Proportional Reserve System

c.

Minimum Reserve System

d.

Proportional System

Question number: 257

» Economics

MCQ▾

Question

An ad-valorem duty is a tax on basis of-

Choices

Choice (4) Response

a.

the value added

b.

the price of commodity

c.

the advertisement expenditure

d.

None of the above

Question number: 258

» Economics

MCQ▾

Question

Which of the following is wrongly matched?

Choices

Choice (4) Response

a.

Interest rateFiscal policy

b.

General price indexInflation

c.

Share marketStock exchange

d.

Export subsidyFiscal policy

Question number: 259

» Economics

MCQ▾

Question

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?

Choices

Choice (4) Response

a.

Union Parliament

b.

Ministry of Finance

c.

State Bank of India

d.

Reserve Bank of India

Question number: 260

» Economics

MCQ▾

Question

When did Regional Rural Banks start functioning in India?

Choices

Choice (4) Response

a.

1975

b.

1960

c.

1947

d.

1956

Question number: 261

» Economics

MCQ▾

Question

Which among the following formulates fiscal policy?

Choices

Choice (4) Response

a.

RBI

b.

SEBI

c.

Ministry of Finance

d.

Planning Commission

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