UP TGT COMMERCE 2021 – Series B
Accountancy
- 1. Unearned income is considered as
(a) Assets
(b) Liability
(c) Loss
(d) Capital
UP TGT – 2021 - 3. Under Hire Purchase System, the interest for each period is computed on
(a) Cash price remaining unpaid
(b) Instalment price remaining unpaid
(c) The amount that has been agreed under hire purchase agreement
(d) Cash price minus the amount of hire purchase instalment paid
UP TGT – 2021 - 5. According to the provisions of Companies Act, 2013, the amount of minimum application money to apply for shares should be at least ___________ % of face value of the share.
(a) 5%
(b) 10%
(c) 20%
(d) 25%
UP TGT – 2021 - 6. An asset was purchased for Rs. 5,00,000 with the down payment of Rs. 1,00,000 and bills accepted for Rs. 4,00,000. What would be the effect on the total asset and total liabilities in the balance Sheet ?
(a) Assets increased by Rs. 4,00,000 and liabilities increased by Rs. 4,00,000
(b) Assets increased by Rs. 4,00,000 and liabilities decreased by Rs. 4,00,000
(c) Assets decreased by Rs. 4,00,000 and liabilities increased by Rs. 4,00,000
(d) Assets increased by Rs. 5,00,000 and liabilities increased by Rs. 4,00,000
UP TGT – 2021 - 9. Which one of the following statements is not correct ?
(a) Forfeited shares can be reissued.
(b) A notice of 14 days to shareholders is necessary before forfeiture of shares.
(c) Premium on issue of shares can be used for writing of the preliminary expenses.
(d) The profit on re-issue of forfeited shares is transfer to General Reserve Account.
UP TGT – 2021 - 13. Ashoka Ltd. purchased a machine from Tata & Sons for Rs. 1,50,000. This is
(a) A transaction
(b) An event
(c) A non financial data
(d) None of the above
UP TGT – 2021 - 14. A trial balance shows
(a) The balance of profit and loss Account
(b) Complete accuracy of accounting done by the accountant
(c) Arithmetical accuracy of ledger balances
(d) Balance between assets and liabilities
UP TGT – 2021 - 15. Depreciation on fixed assets is an example of
(a) Capital expenditure
(b) Revenue expenditure
(c) Deferred revenue expenditure
(d) Real expenditure
UP TGT – 2021 - 16. A company has spent Rs. 20,000 on painting of its building. It should be recorded as
(a) Revenue expenditure
(b) Capital expenditure
(c) Personal expenditure
(d) Deferred revenue expenditure
UP TGT – 2021 - 17. In the absence of any contract to the contrary, capital profit on dissolution of a Partnership Firm is shared among partners in
(a) Equal ratio
(b) Capital ratio
(c) Profit- sharing ratio
(d) None of these
UP TGT – 2021 - 18. Purchase book is used to record
(a) All purchases of goods
(b) All purchases
(c) All credit purchases of goods
(d) None of the above
UP TGT – 2021 - 19. Drawings Account is
(a) Nominal Account
(b) Personal Account
(c) Real Account
(d) Fictitious Account
UP TGT – 2021 - 20. In order to implement the provision of partnership deed, the firm prepares (a) Profit and loss Adjustment Account
(b) Profit and loss Appropriation Account
(c) Revaluation Account
(d) Profit and Loss Account
UP TGT – 2021 - 23. Which one of the following statements is not correct ?
(a) As per AS-26 only purchased goodwill to be recorded in the books of accounts
(b) Self generated goodwill will have to be adjusted through partners Capital Accounts.
(c) Goodwill is an intangible asset.
(d) Goodwill is a fictitious asset
UP TGT – 2021 - 28. Which of the following is not an accounting convention ?
(a) Convention of full disclosure
(b) Convention of conservatism
(c) Convention of accrual accounting
(d) Convention of consistency
UP TGT – 2021 - 30. Repairs of second-hand machinery purchased is debited to repairs account. It is an error of
(a) Compensating
(b) Omission
(c) Commission
(d) Principle
UP TGT – 2021 - 31. Amount spent on increasing the seating capacity of a cinema hall is called
(a) Personal expenditure
(b) Nominal expenditure
(c) Capital expenditure
(d) Revenue expenditure
UP TGT – 2021 - 32. In case of sub-lease royalty earned by the lessor is credited to
(a) Sub-lease Account
(b) Profit and Loss Account
(c) Short workings Account
(d) Royalty Receivable Account
UP TGT – 2021 - 33. The difference between ‘subscribed capital’ and ‘called up capital’ is called
(a) Calls in arrear
(b) Calls in advance
(c) Uncalled capital
(d) Paid up capital - 34. Which of the following formula is correct to calculate provision on debtors to be transferred to Profit and Loss Account?
(a) Bad Debts + New Provision- Old Provision
(b) Provision on Debtors + New Provision + Bad Debts – Further Bad Debts
(c) Bad Debts + New Bad Debts + New Provision-Old Provision
(d) New Provision on Debtors + Old Provision made for Bad Debts
UP TGT – 2021 - 38. Which one of the following is not considered as relevant voucher while vouching cash sales?
(a) Sales book
(b) Copy of cash memo
(c) Abstract of salesman
(d) Cashier’s summaries
UP TGT – 2021 - 39. In case of Instalment Payment System, which one of the following statements is not true?
(a) Payment of purchase price is made in agreed instalments.
(b) On default of payment of instalment, seller has a right to take back the goods. (c) Purchaser prepares Assets Account, Seller’s Account and interest Suspense Account in his books.
(d) Purchaser has right to sell the asset at any time after receiving the delivery.
UP TGT – 2021 - 43. The basic accounting equation is based on
(a) Cost concept
(b) Accounting period concept
(c) Accrual concept
(d) Dual aspect concept
UP TGT – 2021 - 44. An item is considered material if it
(a) relates to real account
(b) rotates to raw material
(c) is significant for the users
(d) all of the above
UP TGT – 2021 - 45. In the event of recoupment of shortworkings by the lessee, the lessor debits
(a) Minimum Rent Account
(b) Lessee’s Account
(c) Royalty Reserve Account
(d) Profit and Loss Account
UP TGT – 2021 - 47. The interest on the Capital Accounts of partners is credited to
(a) Interest A/c
(b) Partners Capital A/c
(c) Profit and Loss A/c
(d) Profit and Loss Appropriation A/c
UP TGT – 2021 - 48. The record of cash transactions by non-trading concerns is shown in
(a) Receipt and Payment A/c
(b) Income and Expenditure A/c
(c) Profit and Loss A/c
(d) Manufacturing A/c
UP TGT – 2021 - 49. A and B are partners in a firm and share profits are losses is in the ratio of 3:2. C joins firm as a new partner and contributes Rs.6,000 as premium of goodwill in cash. Here the premium for goodwill shall be shared by A and B on the basis of new profit sharing ratio that is 5:3:2 as
(a) Rs.3,600 ; Rs.2,400
(b) Rs.3,000 : Rs.3,000
(c) Rs.2,400 : Rs.3,600
(d) Rs.2,000 : Rs.4,000
UP TGT – 2021 - 54. In the books of lessee unrecouped amount of shortworkings is transferred to (a) Royalty Account
(b) Minimum rent Account
(c) Lessor’s Account
(d) Profit and Loss Account
UP TGT – 2021 - 55. According to the Double Entry System, salary paid to a clerk Ramesh is a
(a) Real Transaction
(b) Personal Transaction
(c) Nominal Transaction
(d) Both Real and Personal Transaction
UP TGT – 2021 - 58. Ledger is a book of
(a) Original entry
(b) Final entry
(c) Adjustment entry
(d) Rectification entry
UP TGT – 2021 - 60. Under copyright agreement the amount of royalty is computed on the basis of (a) Number of books published
(b) Number of books sold
(c) Total cost of books published
(d) Total sales price of the book sold
UP TGT – 2021 - 62. After admission of a new partner the capital of all the partner must be in
(a) New profit sharing ratio
(b) Old profit sharing ratio
(c) Equal ratio
(d) Mutually agreed ratio
UP TGT – 2021 - 63. Interest on calls in arrears according to Table ‘A’ is charged at
(a) 5%
(b) 6%
(c) 12%
(d) 18%
UP TGT – 2021 - 64.Under Hire Purchase System the relationship between buyer and seller is
(a) Debtor and creditor
(b) Pawner and Pawnee
(c) Bailor and bailee
(d) Lender and the borrower
UP TGT – 2021 - 66. Gross Book Value of a fixed assets is its
(a) Cost less depreciation
(b) Historical cost
(c) Fair market value
(d) Realisable value
UP TGT – 2021 - 68. Which of the following can not be used for redemption of preference shares? (a) Insurance Fund
(b) Workmen’s Compensation Fund
(c) General Reserve
(d) Profit Prior to Incorporation
UP TGT – 2021 - 73. At the time of retirement of a partner profit or revaluation of assets and liabilities is credited to
(a) Capital Account of retiring partner
(b) Capital Accounts of all partners in their old profit sharing ratio
(c) Capital Accounts of remaining partners in their gaining ratio
(d) Capital Accounts of remaining partners in their new profit sharing ratio
UP TGT – 2021 - 76. In journal transactions are recorded on
(a) Yearly basis
(b) Monthly basis
(c) Daily basis
(d) Periodic-interval basis
UP TGT – 2021 - 77. It is given in adjustment that during the accounting year, the trader distributed goods worth Rs. 5,000 as free samples. While preparing Final Accounts, this will be shown in
(a) Profit and Loss Account
(b) Both in Trading and Profit and Loss Account
(c) Trading Account
(d) Balance Sheet
UP TGT – 2021 - 78. Under which type of agreement royalty is paid on the basis of sale?
(a) Mining
(b) Patent
(c) Copyright
(d) Licensing
UP TGT – 2021 - 81. Balance of petty cash book represents
(a) An expense
(b) A profit
(c) An assets
(d) A liability
UP TGT – 2021 - 83. Ledger is an accounting book in which
(a) Only Real Accounts are opened
(b) Only Real and Personal Accounts are open
(c) All the Real, Personal and Nominal Accounts are opened
(d) Only Trading and Profit and Loss Accounts are opened
UP TGT – 2021 - 84. Share Allotment Account is a
(a) Real A/c
(b) Nominal A/c
(c) Personal A/c
(d) Company A/c
UP TGT – 2021 - 85. Which of the following is not a feature of the Hire Purchase System?
(a) Price is paid in instalments
(b) Possession is given immediately
(c) On default the seller has a right to repossess the goods
(d) Ownership is transferred immediately
UP TGT – 2021 - 86. R and S are partners sharing profits in the ratio of 5:3. T joins the firm as a new partner. R gives 1/4th of his share and S give 2/5th of his share to new partner. New profit sharing ratio of R, S and T will be
(a) 15 :01 : 26
(b) 75 : 36: 49
(c) 25 : 15 : 26
(d) 20 : 9 : 11
UP TGT – 2021 - 88. Minimum rent is also known as
(a) Dead rent
(b) Fixed rent
(c) Flat rent
(d) All of the above
UP TGT – 2021 - 91. Recording of business transactions in a systematic manner and classifying them in ledger is called
(a) Accounting
(b) Book- keeping
(c) Adjustment
(d) Measurement
UP TGT – 2021 - 92. On 28th March, 2019 stock worth Rs.10,000 was lost by fire. The insurance company admitted full claim. On 31st March, 2019 while preparing Final Accounts, it will be shown
(a) Only in Trading Account
(b) Only in Profit and Loss Account
(c) Both in Trading and Profit and Loss Account
(d) Both in Trading Account and Balance Sheet
UP TGT – 2021 - 93. “Losses are anticipated and profits are not accounted until realized”, is the part of following principal
(a) Consistency
(b) Comparability
(c) Conservatism
(d) Disclosure
UP TGT – 2021 - 94. Which of the following is a basic evidence of a transaction ?
(a) Journal entry
(b) Cash book
(c) Voucher
(d) Pass book
UP TGT – 2021 - 96. Which of the following have contra entries
(a) Simple cash book
(b) Petty cash book
(c) Three column cash book
(d) All cash books
UP TGT – 2021 - 97. Which of the following is not a source of finance for a company ?
(a) Equity share capital
(b) Preference share capital
(c) Fixed assets
(d) Debentures
UP TGT – 2021 - 98. A company forfeited 100 equity shares of Rs.10 each on which a final call of Rs. 4 per share was unpaid. At what minimum rate per share these shares can be reissued by the company ?
(a) Rs.6
(b) Rs.4
(c) Rs.8
(d) Rs.10
UP TGT – 2021 - 99. On the dissolution of a firm, the amount released from an unrecorded asset is transferred to
(a) Revaluation Account
(b) Realization Account
(c) Partner’s Capital Account
(d) Credit side of Cash Account
UP TGT – 2021 - 102. Accounting equation, “Assets = Liabilities + Owners Equity”, is represented through
(a) Income statement
(b) Cash flow statement
(c) Balance Sheet
(d) Funds flow statement
UP TGT – 2021 - 106. Mr. X a partner in a partnership firm withdraws Rs. 2,000 at the end of each month. Rate of interest is 5%. Interest on drawings at the end of the year will be
(a) Rs.1,200
(b) Rs. 600
(c) Rs. 550
(d) Rs. 650
UP TGT – 2021 - 107. In Sinking Fund for redemption of Debentures Account, the amount is transferred every year from
(a) Reserve Account
(b) Profit and Loss Account
(c) Capital Account
(d) Surplus Account
UP TGT – 2021 - 108. The balance amount in the Joint Life Insurance Policy Reserve Account is transferred to
(a) Deceased Partner’s Personal Account
(b) Remaining Partner’s Personal Accounts
(c) All Partner’s Personal Accounts
(d) Joint Life Policy Insurance Account
UP TGT – 2021 - 112. Which of the following is correct ?
(a) Income tax is a trade expense
(b) Closing Stock shown in Trial Balance is recorded in Balance Sheet
(c) Prepaid Expenses Account is Nominal Account
(d) Advance received from a customer is credited to Profit and Loss Account as an income
UP TGT – 2021 - 113. Dependent branch can make
(a) Only cash sales
(b) Only credit sales
(c) Both cash and credit sales
(d) None of the above
UP TGT – 2021 - 119. In journal transactions are recorded on
(a) Chronological basis
(b) Analytical basis
(c) Convenience basis
(d) Selective basis
UP TGT – 2021 - 120. Transfer of debit and credit items from journal to laser is called
(a) Entry
(b) Transfer
(c) Accounting
(d) Posting
UP TGT – 2021
Statistics – 8 Questions
- 2. The central value of a serially arranged series is known as
(a) Arithmetical mean
(b) Mode
(c) Median
(d) Quartile
UP TGT – 2021 - 42. Class : 10-25 25-40 40-55
f : 6 20 44
Class : 55-70 70-85
f : ? 3If the mode of the above distribution is 48.6, then the missing frequency will be
(a) 29
(b) 32
(c) 26
(d) 13
UP TGT – 2021 - 51. The measure of the variation of the items is
(a) Skewness
(b) Dispersion
(c) Correlation
(d) Kurtosis
UP TGT – 2021 - 56. Summary and presentation of data in tabular form with several non-overlapping classes referred as
(a) Frequency distribution
(b) Nominal distribution
(c) Ordinal distribution
(d) Chronological distribution
UP TGT – 2021 - 74. The most commonly used measure of dispersion is
(a) Range
(b) Standard deviation
(c) Coefficient of variation
(d) Quartile deviation
UP TGT – 2021 - 105. Which one is not the method of collecting primary data ?
(a) Economic survey publication
(b) Direct personal investigation
(c) Indirect oral investigation
(d) Schedules to be filled in by enumerators
UP TGT – 2021 - 117. Which one of the following is not a formula of Standard Deviation ?
(a) =(∑▒〖^2〗-b±√(b^2-4ac))/2a - 124. In variance is 144, then the standard deviation will be
(a) 2
(b) 12
(c) 72
(d) 288
UP TGT – 2021
Audit – 9 Questions
- 7. Name the audit, that is generally conducted between two annual audit.
(a) External auditing
(b) Standard auditing
(c) Interim auditing
(d) Final auditing
UP TGT – 2021 - 12. Auditing and Assurance Standard-2 (AAS-2) are concerned with
(a) Vouching
(b) Valuation of assets and liabilities
(c) Audit planning
(d) Objective and scope of the audit of financial statements
UP TGT – 2021 - 24. Auditing is mandatory for
(a) Trusts
(b) Joint Stock Companies
(c) Sole proprietorship Unit
(d) Partnership Firm
UP TGT – 2021 - 22. The verification of the authority and authenticity of transaction record in the books of accounts is called
(a) Verification
(b) Internal Audit
(c) Vouching
(d) Investigation
UP TGT – 2021 - 29. Every voucher should be signed by
(a) Accounts officer
(b) Accountant
(c) Manager
(d) Responsible Official
UP TGT – 2021 - 79. In a company, internal auditor is appointed by
(a) Shareholders
(b) Creditors
(c) Board of Directors
(d) Government
UP TGT – 2021 - 89. The process that entails a proper and rational distribution of work between the members of the staff of the organisation is called
Internal Audit
Internal Check
Internal Evaluation
Internal Management
UP TGT – 2021 - 101. Auditing begins where___________ ends.
(a) Selling
(b) Production
(c) Accounting
(d) Year
UP TGT – 2021 - 125. After completion of the audit of a company the auditor should submit its report to the
Government
Court
Public
Shareholders
UP TGT – 2021 - 109. A systematic examination of books and records of a business is called
(a) Auditing
(b) Vouching
(c) Verification
(d) Checking
UP TGT – 2021 - 114. Voucher refers to
(a) Cash receipt
(b) Invoices
(c) Counterfoils
(d) All of the above
UP TGT – 2021
Business Organization – UP PGT Commerce 2021 – 14 Questions
- 21. Primary purpose of advertising is to
(a) Inform
(b) Persuade
(c) Remind
(d) All of the above
UP TGT – 2021 - 46. Franco invoice includes
(a) all costs upto putting the goods at the door of the buyer
(b) cost, insurance and freight
(c) all the costs upto Railway Station
(d) all costs upto loading the goods into the railway wagons
UP TGT – 2021 - 52. The ability to change human needs into human wants is called
(a) Advertisement
(b) Publicity
(c) Salesmanship
(d) Sales management
UP TGT – 2021 - 53. Which of the following is not the function of a business office ?
(a) Receipt of letters
(b) Providing informations
(c) Filling and endorsing
(d) Decision making
UP TGT – 2021 - 90. Type of cumulative frequency distribution in which class intervals are added in top to bottom order is classified as
(a) Marginal distribution
(b) Variation distribution
(c) Less than type distribution
(d) More than type distribution
UP TGT – 2021 - 100. Which of the following is not a form of large Scale Retail Trading
(a) Departmental Store
(b) Super Market
(c) Multiple Chain Stores
(d) Provision Store
UP TGT – 2021 - 111. The enterprises exclusively owned, managed and controlled by the Central or State Government are known as
(a) Government Company
(b) Public Enterprises
(c) Joint Stock Company
(d) Private Enterprises
UP TGT – 2021 - 116. The most dominating cause of environmental pollution is
(a) Industrialisation
(b) Increasing population
(c) Use of chemicals in agriculture
(d) Mining
UP TGT – 2021 - Which of the following is not a feature of the advertising ?
Paid activity
Identified sponsor
Visual or oral
Personal
UP TGT – 2021 - 122. A receipt issued by commodity officer of the ship when the cargo is loaded on the ship is known as
(a) Shipping receipt
(b) Cargo receipt
(c) Mate receipt
(d) Charter receipt
UP TGT – 2021 - 69. Bill of Landing is issued by
(a) Shipping company
(b) Agent of the importer
(c) Captain of the ship
(d) Custom officer
UP TGT – 2021 - 57. The main objective of safeguard duty is
(a) To protect the benefits of consumers
(b) To increase Government Revenue
(c) To protect the indigenous industries
(d) To assist exporters in realization of payment from importers
UP TGT – 2021 - 87. A partnership comes into existence by
(a) An agreement
(b) Operation of law
(c) Succession
(d) Relationship between persons
UP TGT – 2021 - 115. Memorandum of association is/are
(a) Internal rules of the Company
(b) Guidelines for Board of Directors
(c) Agreement between Company and Board of Directors
(d) Charter of the Company
UP TGT – 2021
Management – 11 Questions
- 35. In which type of organization the rules, duties and responsibilities are given in writing ?
(a) Formal organization
(b) Informal organization
(c) Strategic organization
(d) Both (b) and (c)
UP TGT – 2021 - 37. Hawthorne experiments were carried out by
(a) George Elton Mayo
(b) Keith Davis
(c) McGregor
(d) F.W. Taylor
UP TGT – 2021 - 50. A motivation based on force or fear is called
(a) Extrinsic motivation
(b) Intrinsic motivation
(c) Negative motivation
(d) Positive motivation
UP TGT – 2021 - 59. Rearrange Maslow’s hierarchy of needs logically
(A) Physiological needs
(B) Security needs
(C) Esteem needs
(D) Social needs
(E) Self actualization needs
(a) (A), (B), (D), (C), (E)
(b) (A), (D), (B), (C), (E)
(c) (B), (A), (D), (C), (E)
(d) (B), (D), (A), (C), (E)
UP TGT – 2021 - 61. The essence of management is
(a) Planning
(b) Organising
(c) Co-ordinating
(d) Control
UP TGT – 2021 - 65. Decision making is a
(a) Function
(b) Process
(c) Objective
(d) Policy
UP TGT – 2021 - 71. The primary function of management is
(a) Planning
(b) Communication
(c) Decision making
(d) Motivation
UP TGT – 2021 - 72. Technical skills are most important for
(a) First line managers
(b) Middle level managers
(c) Production managers
(d) Top level managers
UP TGT – 2021 - 80. Strategic planning is done by
(a) Top level management
(b) Middle level management
(c) Supervisory level management
(d) Operating level management
UP TGT – 2021 - 110. By whom the following definition of management was given ?
“management is the art of knowing what you want to do and then seeing that it is done in the best and the cheapest way”
(a) F.W. Taylor
(b) Henry Fayol
(c) E.F.L. Brech
(d) Oliver Sheldon
UP TGT – 2021 - 121. Which one of the following is not an element of co-ordination
(a) Co-operation
(b) Motivation
(c) Mutual understanding
(d) Communication
UP TGT – 2021
Economics – 8 Questions
- 4. Pricing strategies include
(a) Predatory pricing
(b) Price fixing
(c) Deceptive pricing
(d) All of the above
UP TGT – 2021 - 8. The law of demand states that if other things remain same
(a) There is always a direct relationship between the price and demand
(b) There is always an inverse relationship between price and demand
(c) there is always a direct relationship between desire and demand
(d) There is no relationship between price and demand
UP TGT – 2021 - 26. when a consumer increases units of X-commodity by giving up some units of Y- commodity and even to attain the same level of satisfaction, the marginal rate of substitution will be calculated by(a) (Change in X- commodity)/(Marginal utility of Y- commodity)
(b) (Change in Y- commodity)/(Marginal utility of X-commodity)
(c) (Change in X- commodity)/( Change in Y- commodity)
(d) (Change in Y- commodity)/(Change in X- commodity)
UP TGT – 2021 - 41. The law of variable proportions assumes
(a) When marginal cost falls, total production will decrease
(b) Utility is maximised when marginal production falls
(c) Some factors of production are fixed
(d) When marginal production falls, total production is maximum
UP TGT – 2021 - 67. In economics, distribution means
(a) Distribution of labour
(b) Distribution of income among factors of production
(c) Distribution of capital among the three sectors of economy
(d) Distribution of goods among consumers
UP TGT – 2021 - 75. If the demand of a commodity is inelastic, and increase in its price will cause the total expenditure of the consumers of the goods to
(a) Increase
(b) Decrease
(c) Remain the same
(d) Become zero
UP TGT – 2021 - 95. Under perfect competition a firm may earn supernormal profit in
(a) Short run
(b) Long run
(c) Never
(d) Always
UP TGT – 2021 - 118. The monopolist maximises profit by producing and selling their output at that point on which its
(a) Marginal revenue is greater than marginal cost
(b) Marginal cost and marginal revenue both are equal
(c) Marginal cost is greater than marginal revenue
(d) Marginal revenue is greater than average revenue
UP TGT – 2021
Money – 3 Questions
- 25. Under Quantity Theory of Money, which one of the following equations was given by Fisher ?
(a) M=KY+K’A
(b) PT=MV+M’V’
(c) M=PKR
(d) n=p(k+rk’)
UP TGT – 2021 - 70. Who said, “Money consists consists of those things which within a society, are of general acceptability” ?
(a) Marshall
(b) Keynes
(c) Crowther
(d) Ely
UP TGT – 2021 - 104. The Gresham,s law specifies that
(a) New money drives old money out of circulation
(b) Good money drives bad money out of circulation
(c) Bad money drives good money out of circulation
(d) Paper money drives metallic money out of circulation
UP TGT – 2021
Banking – 4 Questions
- 10. Which of the following function is not performed by Reserve Bank of India?
(a) Issue of currency notes
(b) Credit control
(c) To accept deposits on interest from public
(d) Foreign Exchange Management and Control
UP TGT – 2021 - 27. Under quantitative techniques of credit control following technique is not included
(a) Open Market Operations
(b) Variable Cash Reserve Ratio
(c) Rationing of Credit Limit
(d) Bank Rate Policy
UP TGT – 2021 - 40. Repo rate means
(a) The rate at which commercial banks borrow money from RBI
(b) The rate at which commercial banks lend money to RBI
(c) The rate at which commercial banks lend money to customers
(d) The rate at which commercial banks borrow money from customers
UP TGT – 2021 - 82. ‘Bank rate’ is the rate at which commercial banks
(a) borrow money from Reserve Bank of India
(b) lend money to customers
(c) borrow money from customers
(d) lend money to Reserve Bank of India
UP TGT – 2021
Indian Economy -3 Questions
- 11. Working capital facility to exports is provided by
(a) Reserve Bank of India
(b) Export Credit and Guarantee Corporation
(c) Commercial Banks
(d) Ministry of External Affairs, Government of India
UP TGT – 2021 - 36. India’s rank in world population is
(a) First
(b) Second
(c) Third
(d) Fifth
UP TGT – 2021 - 103. According to Malthus, the population of a country grows
(a) Arithmetically
(b) Algebraically
(c) Geometrically
(d) At constant rate
UP TGT – 2021