Fiscal Policy & Monetary Policy in India UPSC Questions

Economics

Fiscal Policy & Monetary Policy in India MCQ Questions


13.
What are the elements to be considered in maintaining balance to escape from inflationary pressure?
A.
Meeting expenditure needs of the social sector
B.
Both a and c
C.
Maintain growth momentum
D.
Set more price for goods
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ANSWER :
B. Both a and c
14.
The Government amended the RBI Act to hand over the job of monetary policymaking in India to
A.
Monetary Policy Committee
B.
Financial standing committee
C.
Tax reform committee
D.
Selection committee
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ANSWER :
A. Monetary Policy Committee
15.
MPC in Indian economy stands for
A.
Management Planning and Control
B.
Monetary Planning Committee
C.
Monetary Policy Committee
D.
Management Planning Committee
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ANSWER :
C. Monetary Policy Committee
16.
The number of panel members in Monetary Policy Committee are
A.
3
B.
4
C.
5
D.
6
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ANSWER :
D. 6
17.
MPC was expected to bring
A.
Value
B.
Transparency
C.
Both a and b
D.
Issues
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ANSWER :
C. Both a and b
18.
Spot the odd one from the following. (Members of MPC)
A.
Governor
B.
Deputy Governor
C.
Speaker
D.
Member selected by the government
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ANSWER :
C. Speaker