(English Medium)
Academic Year: 2021-2022
Date: April 2022
Duration: 1h30m
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Note:
- Answers to this Paper must be written on the paper provided separately.
- You will not be allowed to write during the first 10 minutes.
- This time is to be spent in reading the question paper.
- The time given at the head of this Paper is the time allowed for writing the answers.
- Attempt all questions from Section A and any four questions from Section B.
- The intended marks for questions or parts of questions are given in brackets [ ].
Which of these is the apex bank of the Indian Banking System?
State Bank of India
Central Bank of India
Reserve Bank of India
Canara Bank
Chapter:
SLR stands for ______
Statutory Limit Rationing
Standard Liquid Requirement
Statutory Liquidity Ratio
Standard Limit Rationing
Chapter: [0.16] Banking : Commercial Banks and Central Bank
The policy of converting public ownership of an asset to private ownership is ______.
Nationalisation
Liberalisation
Globalisation
Privatisation
Chapter: [0.14] Privatization of Public Enterprises
Which of these is generally a short term loan?
Cash credit
Home loans
Overdraft
Car loans
Chapter:
Which of the following is a selective/qualitative method of credit control.
Bank Rate
Cash Credit Ratio
Open Market Operations
Moral suasion
Chapter: [0.16] Banking : Commercial Banks and Central Bank
Identify the type of taxation shown in the figure below.
Progressive taxation
Regressive taxation
Proportional taxation
Degressive taxation
Chapter: [0.12] Instruments of State Intervention
Study the relationship in the first pair of words and complete the second pair:
Creeping inflation: 2% to 3%
Running inflation: ______
8% to 9%
8% to 20%
3.3% to 8%
20% to 40%
Chapter:
Study the relationship in the first pair of words and complete the second pair:
Income tax : Direct tax
______ : Indirect tax
Property tax
Entertainment tax
House tax
Road tax
Chapter: [0.12] Instruments of State Intervention
Which of the following does not belong to the group?
Accepting deposits
Giving loans
Controlling credit
Creating credit
Chapter: [0.16] Banking : Commercial Banks and Central Bank
A compulsory payment by the citizens of the country to the government without any expectation of corresponding benefits for such payments. This defines ______
Tax
Subsidy
Discount
Concession
Chapter:
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State two advantages of a bank account.
Chapter: [0.16] Banking : Commercial Banks and Central Bank
Mention any three demerits of Public Sector Enterprises.
Chapter: [0.13] Public Sector Enterprises
What is Privatization?
Chapter: [0.14] Privatization of Public Enterprises
Differentiate between progressive taxation and proportional taxation.
Chapter: [0.12] Instruments of State Intervention
Briefly explain how Cash Reserve Ratio can be used to control credit.
Chapter: [0.16] Banking : Commercial Banks and Central Bank
Explain how money acts as a measure of value.
Chapter: [0.15] Money and Inflation
Name two instruments of Fiscal Policy.
Chapter: [0.12] Instruments of State Intervention
Explain why the purchasing power of money falls when the price level rises.
Chapter:
State three reasons why privatization is not always desirable.
Chapter: [0.14] Privatization of Public Enterprises
What are Commercial banks?
Chapter: [0.16] Banking : Commercial Banks and Central Bank
Name one commercial bank in India.
Chapter: [0.16] Banking : Commercial Banks and Central Bank
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Give one difference between qualitative and quantitative credit control.
Chapter:
What is galloping inflation?
Chapter: [0.15] Money and Inflation
Mention an important difference between a Commercial Bank and the Central Bank.
Chapter: [0.16] Banking : Commercial Banks and Central Bank
What type of tax is the Goods and Services Tax?
Chapter: [0.12] Instruments of State Intervention
State two features of indirect tax.
Chapter: [0.12] Instruments of State Intervention
Give two reasons as to why a Central Bank is needed.
Chapter:
Mention two important differences between Public Sector and Private Sector.
Chapter: [0.14] Privatization of Public Enterprises
Explain how taxes can bring about equality in income distribution.
Chapter: [0.15] Money and Inflation
What are term/time deposits?
Chapter: [0.16] Banking : Commercial Banks and Central Bank
Explain any one type of term deposit.
Chapter: [0.16] Banking : Commercial Banks and Central Bank
What are current accounts?
Chapter: [0.16] Banking : Commercial Banks and Central Bank
Can inflation lead to economic development? Give a reason for your answer.
Chapter: [0.15] Money and Inflation
Explain how an increase in sales tax can cause an increase in price.
Chapter: [0.12] Instruments of State Intervention
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