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41. Which among the following Indian State does not transacts its business through Reserve Bank of India?
  A.  Sikkim
  B.  Jammu and Kashmir
  C.  Arunachal Pradesh
  D.  Mizoram
     
   
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42. Which among the following subjects is not an aim of the monetary policy of the Reserve Bank of India?
  A.  Giving impetus to economic development
  B.  Direct credit with objective criteria
  C.  To control pressure of inflation
  D.  To ensure social justice.
     
   
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43. The Government of India made it obligatory on the part of all commercial banks that they should give some cash amount while purchasing Government bonds. What would you call this? (1) (2) (3)
  A.  Statutory Liquidity Ratio
  B.  Cash Reserve Ratio
  C.  Minimum Reserve Ratio
  D.  Floating Reserve Ratio
     
   
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44. The receipts of which of the following taxes/duties are not shared with the States?
  A.  Tax on Income except agn culture
  B.  Corporation tax
  C.  Surcharge on income tax
  D.  Capital gain tax
     
   
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45. The national income of a country is-
  A.  Government annual revenue
  B.  Total productive income
  C.  Surplus of the public sector enterprise
  D.  Export-Loan) Import
     
   
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46. Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain as-sets worth not less than (1) (2) (3)
  A.  115 crores of rupees
  B.  85 crores of rupees
  C.  200 crores of rupees
  D.  210 crores of rupees
     
   
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47. Which amidst the following Lam collected by the Union is NOT mandated to be assigned to the States?
  A.  Terminal taxes on goods or passengers cared by
  B.  Taxes on railway fares and freights.
  C.  Taxes on consignment of goods.
  D.  Service Tax
     
   
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48. One of the objectives of Industrial Licensing Policy in India was to ensure :
  A.  creation of adequate employ ment opportu-nities.
  B.  free flow of foreign capital in Indian industries.
  C.  use of modern technology,
  D.  balanced industrial develop ment across regions.
     
   
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49. Currency notes of Rs. 2 denomination and above are liabilitles of
  A.  Government of India
  B.  Reserve Bank of India
  C.  State Bank of India
  D.  All of the above.
     
   
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50. The type of note issue system followed in India is :
  A.  Maximum fiduciary system
  B.  Minimum reserve system
  C.  Proportional fiduciary system
  D.  Fixed fiduciary system
     
   
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