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Indian Banking and Financial System

21.

The UTI was established in

Answer: B

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22.

The Securities and Exchange Board of India (SEBI) was established in

Answer: A

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23.

One of the economic laws says that as income increases, the proportion of starchy staples in the food basket decline relative to the share of more expensive sources of calories. Recent NSSO data showing a significant increase in the share of protein rich items in total food expenditure, both in rural and urban areas of India to confirm this hypothesis.

What this hypothesis is known as?

Answer: C

We need to turn to the lesser known Bennet’s law for an explanations of food inflation. Bennet’s law suggests that as income increase, the proposition of starchy staples in the food basket declines relating to the share of more expensive source of calories. Recent NSSO data showing a significant increase in the share of protein rich items in total find expenditure, both in rural and urban areas confirm this hypothesis.

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Answer: A

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25.

The IDBl can grant a ------------ and advances to other financial institutions.

Answer: C

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Answer: B

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27.

The Government of India acquired the ownership and control of major banks in 1969 whose deposits were not less than

Answer: B

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28.

The economic liberalization was introduced in

Answer: A

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29.

The National Stock Exchange (NSE) is located at

Answer: A

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30.

Who is the ex-officio chairman of Planning Commission?

Answer: A

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