Question :
The Monetary and Credit Policy is announced by which of the following?
Option 1:
Ministry of Finance in Center
Option 2:
Reserve Bank of India
Option 3: State Bank of India
Option 4: Planning Commission of India
Correct Answer:
Solution : The correct option is Reserve Bank of India.
The Reserve Bank of India (RBI) announces the Monetary and Credit Policy. The RBI uses it as a key policy instrument to control the money supply and credit availability in the economy. Inflation control, fostering economic growth, and preserving financial system stability are the major goals of monetary and credit policy. It describes numerous tools used to affect the money supply and credit conditions in the economy, such as the repo rate, reverse repo rate, cash reserve ratio (CRR), statutory liquidity ratio (SLR), and other policy instruments.
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Question : Which of the following is constituted under Article 280 of the Constitution of India?
Option 1: Advocate General
Option 2: Central Vigilance Commission
Option 3: Finance Commission
Option 4: National Commission for Women
Question : Which body is constituted by the President of India to advise on the decision of Central Resources between the central and the State ?
Option 1: Tariff Commission
Option 2: Finance Commission
Option 3: Planning Commission
Option 4: Taxation Enquiry Commission
Question : In India, which of the following bodies is constitutional in nature?
Option 1: NITI Aayog
Option 2: National Human Rights Commission
Option 3: Central Vigilance Commission
Option 4: Finance Commission
Question : Which authority recommends the principles governing the grants in -aid of revenues of the states out of the consolidated fund of india?
Option 1: public accounts committee
Option 2: union ministry of finance
Option 4: inter-state council
Question : Arrange the following Development Financial Institutions (DFI) in the correct chronological order, according to the year they were set up.
(i) Industrial Credit and Investment Corporation of India (ICICI)
(ii) Industrial Development Bank of India (IDBI)
(iii) Industrial Finance Corporation of India (IFCI)
Option 1: (i)-(iii)-(ii)
Option 2: (iii)-(i)-(ii)
Option 3: (ii)-(i)-(iii)
Option 4: (i)-(ii)-(iii)
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