Previous year MCQs

Economy UPPSC 2010 GS-I
Question

The headquarter of R.B.I. is situated at:

Answer & Solution

Answer: (Detailed Solution Below)

Option C: Mumbai

Detailed Solution:

The correct answer is “Mumbai”.
The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.

Similar Questions:

Football World Cup 2010 will be held in
  1. A) Britain
  2. B) Germany
  3. C) Portugal
  4. D) South Africa
Which of the following rivers flow through a "rift" valley?
  1. A) Ganga
  2. B) Brahmaputra
  3. C) Narmada
  4. D) Krishna
Which of the following provides the largest credit to agriculture and allied sectors?
  1. A) Cooperative Banks
  2. B) Regional Rural Banks
  3. C) Commercial Banks
  4. D) Cooperative and Regional Rural Banks jointly
What does the term "CerealYield" refer to?

1) The amount of cereal crops produced per unit area of harvested land.
2. The total production of cereal crops in a given country.

Select the correct answer from the codes given below:
  1. A) Both 1 and 2
  2. B) Neither 1 nor 2
  3. C) Only 1
  4. D) Only 2
Which one of the following compounds is used as a sedative?
  1. A) Potassium bromide
  2. B) Calcium chloride
  3. C) Ethyl alcohol
  4. D) Phosphorus trichloride
Consider the following statements:

Assertion (A) : Madhya Pradesh is called the Ethiopia of India.
Reason (R) : Its hallmarks are excessive infantile mortality and malnutrition.

Select the correct answer using the codes given below:
Codes:
  1. A) Both (A) and (R) are true and (R) is the correct explanation of (A).
  2. B) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
  3. C) (A) is true, but (R) is false.
  4. D) (A) is false, but (R) is true.
If interest payment is added to primary deficit, it is equivalent to:
  1. A) Budget deficit
  2. B) Fiscal deficit
  3. C) Deficit financing
  4. D) Revenue deficit
In deficit financing, the difference between expenditure and revenue is covered by printing new notes. Meaning of this sentence is Economic development. But if it is unsuccessful then the condition arise is known as?
  1. A) Currency contraction
  2. B) Demonetization
  3. C) Currency devaluation
  4. D) Currency inflation
Given below are two statements:

Assertion (A): The dividing line between village and town begins to be passed with the presence of traders and manufacturers.
Reason (R): The traders and manufacturers wholly depend on village resources.

In the context of the above, which one of the following is correct?
  1. A) Both (A) and (R) arc true and (R) is the correct explanation of (A)
  2. B) Both (A) and (R) arc true, but (R) is not the correct explanation of (A)
  3. C) (A) is true, but (R) is false
  4. D) (A) is false, hut (R) is true
Mixed Economy means-
  1. A) Co-existence of small and large industries
  2. B) Co-existence of public and private sectors
  3. C) Co-existence of rich and poor
  4. D) Promoting both agriculture and industry in the economy
What is the effect of deficit financing on economy?
  1. A) Reduction in taxes
  2. B) Increase in wages
  3. C) Increase in money supply
  4. D) Decrease in money supply
Due to Urbanization in India:
  1. A) Both birth rates and mortality rate have decreased
  2. B) Only birth rate has decreased and not rate the mortality
  3. C) Birth rate and mortality rate have increased
  4. D) Both birth rates and mortality have unaffected.