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Worksheets

Contemporary Issues

Total questions: 14

Worksheet time: 2mins

Name
Class
Date
1.

There are ________ schools of thoughts related to Central Banking.

a)

4

b)

3

c)

2

d)

5

2.

_________ school of thoughts believe that the commercial banks should be given the freedom to print currencies.

a)

Free Banking

b)

Rational

3.

According to Rational School of Thought , Central Bank should play _________ role in the economy.

a)

Passive

b)

Active

c)

Important

d)

None of the above

4.

Most of the Central Banks in the world were private banks.

a)

True

b)

False

5.

The role of the central banks across the globe was changed after ____________

a)

Globalization

b)

World War I

c)

World War II

d)

India's Independence

6.

The concept of autonomy of Central Banks was changed firstly in ________

a)

USA

b)

Germany

c)

India

d)

England

7.

Full autonomy of the central bank is myth.

a)

True

b)

False

8.

Autonomy of the Central Bank and Independence of the Central Bank is same.

a)

True

b)

False

9.

MPC was formed in ________

a)

2015

b)

2017

c)

2016

d)

2012

10.

Fiscal Policy is framed by

a)

MPC

b)

RBI

c)

Central Government

d)

SEBI

11.

Monetary Policy and Fiscal Policy should be coordinated with each other.

a)

True

b)

False

12.

Autonomy of RBI in India is restricted due to ___________

a)

Appointment of Officials by Government

b)

Major share of PSBs in Banking Sector

c)

Budgetary policies of the government

d)

Demonitisation

13.

The following were some of the incidences where the government and central banks was at the loggerhead except

a)

Loan Waiver

b)

Preventive Corrective Action against Banks

c)

Appointment of Governor

d)

Demonetization

14.

If Interest Rates are increased and the taxes are reduced, money supply will

a)

Increase

b)

Decrease

c)

Neutral

d)

Can not be determined