Previous year MCQs

Economy UPPSC 2006 GS-I
Question

Who formulates the monetary policy in India?

Answer & Solution

Answer: (Detailed Solution Below)

Option B: RBI

Detailed Solution:

The correct answer is “RBI”.
The Reserve Bank of India formulates and implements monetary policy in India to achieve macroeconomic objectives such as controlling inflation, promoting economic growth, and maintaining currency stability.

Similar Questions:

PAN card issued by an Income Tax Department can not be used for which of the following purposes?
  1. A) As the proof of Address
  2. B) Proof of identification
  3. C) Registered taxpayer proof
  4. D) Date of birth proof
Which one of the following motions the council of Ministers in India can move?
  1. A) No Confidence Motion
  2. B) Censure Motion
  3. C) Adjournment Motion
  4. D) Confidence Motion
In India, national income is estimated by
  1. A) Planning Commission
  2. B) Central Statistical Organisation
  3. C) Indian Statistical Institute
  4. D) National Sample Survey Organisation
The position of India in worlds textile export is:
  1. A) First
  2. B) Second
  3. C) Third
  4. D) Fourth
Capital Market means
  1. A) share market
  2. B) commodity market
  3. C) money market
  4. D) all the above
The Rural Infrastructure Development Fund (RIDF) has been created under:
  1. A) Reserve Bank of India
  2. B) NABARD
  3. C) Ministry of Agriculture
  4. D) Ministry of Rural Development
The reason for increase in price of food grain distributed through public distribution system is to:
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  2. B) To control the consumption of food grain
  3. C) Lessen the burden of subsidy involved in scheme
  4. D) Earn profit out of scheme
National income of India is estimated by:
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  2. B) Ministry of Finance
  3. C) Central Statistical Organisation
  4. D) Reserve Bank of India
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Lord Buddha preached the following four noble truths. Put them in correct order using the codes given below:

A. There is suffering
B. There is cessation of suffering
C. There is a path leading to the cessation of suffering
D. There is cause of suffering

Code:
A B C D
  1. A) A D B C
  2. B) A D C B
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Which of the following methods has/have been used to estimate poverty in India ?

1. Head Count Ratio
2. Calorie intake
3. Household Consumption Expenditure
4. Per Capita Income

Select the correct answer from the codes given below.
Codes :
  1. A) 2 and 3
  2. B) 1, 2 and 3
  3. C) 3 only
  4. D) 1, 2, 3 and 4
Which state in the country has the largest number of districts?
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  2. B) Maharashtra
  3. C) Tamil Nadu
  4. D) Uttar Pradesh