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3.1 Business Environment and Strategy (BES) (Section - B)

Monetary and Fiscal Policy

08 Unit ; Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which of the following are intended to control and change the size of a volume of deposits made and the expense of bank credit in general
regardless of the specific field of an enterprise or economic activity wherein the credit is utilised?

Response: General Credit Controls

Correct answer: General Credit Controls

Score: 1 out of 1 Yes

Question 2
What does India’s national monetary policy authority’s name stand for?

Response: Parliament

Correct answer: RBI

Score: 0 out of 1 No

Question 3
John Maynard Keynes was which of the following?

Response: Scientist

Correct answer: British Economist

Score: 0 out of 1 No

Question 4
Which of the following is not a tool of fiscal policy?

Response: Budget

Correct answer: Repo rate

Score: 0 out of 1 No

Question 5
Which of the following is the base or least lending rate of the central bank at which it rediscounts first-class bills of exchange and government
securities that are held by the commercial banks?

Response: Reverse repo rate

Correct answer: Bank rate

Score: 0 out of 1 No

Question 6
Which of the following refers to the act of levying or imposing a tax by a taxing body?

Response: Standardisation

Correct answer: Taxation

Score: 0 out of 1 No

Question 7
Which of the following is in charge of monetary policy of USA?

Response: Federal reserve bank

Correct answer: Federal reserve bank

Score: 1 out of 1 Yes

Question 8
What is the meaning of monetary policy?

Response: The technique through which the International Monetary System controls the amount of money in circulation.

Correct answer: The method through which the central bank or monetary authority of a country manages the money supply.

Score: 0 out of 1 No