1.	Which of the following Monetary policy tools is used by RBI to control inflation ?
	Fiscal Drag
	Parsimoniousness Measures
	Repo Rate
	Fiscal Boost
	Answer: Repo Rate Explanation: Repo rate is the rate at which RBI lends to its clients generally against government securities. Reduction in repo rate helps the commercial banks to get money at a cheaper rate and increase in repo rate discourages the commercial banks to get money as the rate increases and becomes expensive.
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2.	Who is the founder of Indian Overseas Bank ?
	M. Chidambaram Chettyar
	V.G. Kale
	Devkaran Nanjee
	Rana Kapoor
	Answer: M. Chidambaram Chettyar Explanation: Chaidambaram chetttar was the founder of the Indian overseas bank. On 10 February 1937, he founded the Indian Overseas Bank, With the initiative to improve the country’s industrial sector. It is headquartered in Chennai, India.
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3.	’Rani ki vav’ motif is present on which of the following currency notes ?
	50 Rupee Note
	200 Rupee Note
	10 Rupee Note
	100 Rupee Note
	Answer: 100 Rupee Note Explanation: A 100 rupee note has ‘Rani ki Vav’ printed at its back side. It is a UNESCO World Heritage site in Gujarat. 200 rupee note has Sachi stupa 10 rupee note has Konark Temple 50 rupee note has hampi
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4.	Which one of the following is a monetary principle stating that “Bad money drives out good” ?
	Pareto Efficiency
	The multiplier effect
	Marshall’s scissors analysis
	Gresham’s Law
	Answer: Gresham’s Law Explanation: In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
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5.	The Interest Rate charged by banks on short term loSol to their largest, most secure and most creditworthy customers is called _______ ?
	Prime Lending Rate
	Amortised Rate
	Discount Rate
	Variable Rate
	Answer: Prime Lending Rate Explanation: Prime Lending Rate Explanation : A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to favoured customers—i.e., those with good credit. Some variable interest rates may be expressed as a percentage above or below prime rate.
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6.	Which of the following banks is NOT a public sector bank ?
	Jammu and Kashmir Bank Ltd
	Canara Bank
	State Bank of India
	IndusInd Bank
	Answer: IndusInd Bank Explanation: Public Sector Banks (PSBs) are a major type of bank in India, where a majority stake (i.e. more than 50%) is held by a government. The shares of these banks are listed on stock exchanges. There are a total of 18 Public Sector Banks alongside 1 state-owned Payments Bank in India.
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7.	In which year was the State Financial Corporation Act passed ? The Act provides for the establishment of state financial corporations ?
	1972
	1983
	1951
	1947
	Answer: 1951 Explanation: STATE FINANCIAL CORPORATION ACT, 1951. An Act to provide for the establishment of State Financial Corporations. The Union Parliament passed the State Financial Corporation Act on September 28, 1951 empowering the state governments to establish financial corporations for their respective regions.
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8.	Which of the following is NOT an Indian Multinational Company ?
	Mahindra Group
	Unilever
	Infosys
	Aditya Birla Group
	Answer: Unilever Explanation: Hindustan Unilever Limited (HUL) is a British-Dutch manufacturing company. Unilever now holds 67.25% equity in the company. It is an MNC not an Indian company. MNC meSol Multinational Company i.e A company having its business operation in many countries.
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9.	ONGC _____ is a subsidiary of the Indian public sector enterprise, Oil and Natural Gas Corporation ?
	Vishesh
	Videsh
	Vinesh
	Vighnesh
	Answer: Videsh Explanation: ONGC Videsh Limitedis a subsidiary of the Indian public sector enterprise, Oil and Natural Gas Corporation and it is working globally for the energy security of India.It has expanded its business to 17 countries so far.
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10.	The Coinage Act, 2011, allows issue of coins up to the denomination of Rs. ______ in India ?
	1,000
	500
	100
	5,000
	Answer: 1,000 Explanation: The Coinage Act, 2011, allows issue of coins up to the denomination of Rs.1000 in India. Coins in India are minted as per the Coinage Act,2011. RBI prints the currency notes as per the provisions of the Reserve Bank of India, Act 1934.
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