Types of Deficits and Fiscal Indicators CDS Questions

CDS Economy

Types of Deficits and Fiscal Indicators MCQ Questions


13.
Which commission recommended the establishment of the Reserve Bank of India?
A.
Tandon Committee
B.
Hilton-Young Commission
C.
Narasimham Committee
D.
Chelliah Committee
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ANSWER :
B. Hilton-Young Commission
14.
Which of the following banks was nationalised in 1969?
A.
ICICI Bank
B.
Axis Bank
C.
Punjab National Bank
D.
HDFC Bank
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ANSWER :
C. Punjab National Bank
15.
Which of the following banks was NOT among the 6 banks nationalised in 1980?
A.
Oriental Bank of Commerce
B.
State Bank of India
C.
Corporation Bank
D.
Vijaya Bank
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ANSWER :
B. State Bank of India
16.
After mergers, how many public sector banks (PSBs) currently exist in India (as per RBI)?
A.
14
B.
27
C.
20
D.
12
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ANSWER :
D. 12
17.
Nationalisation of banks in India was primarily aligned with which broader economic framework?
A.
Planned economic development under Five Year Plans
B.
Barter economy
C.
Gold standard system
D.
Pure free market capitalism
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ANSWER :
A. Planned economic development under Five Year Plans
18.
A key economic impact of bank nationalisation was rapid expansion of branches especially in which areas?
A.
Rural and semi-urban areas
B.
Industrial estates only
C.
Foreign countries
D.
Only metropolitan cities
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ANSWER :
A. Rural and semi-urban areas