Current Economics Quiz

1."Token money" means

coins where the value of metal in them is equal to the value attached to them by law 

coins where the value of metal in them is less then the value attached to them by law 

coins where the value of metal in them is more than the value of metal attached to them by law 

money represented by the tokens of specified values issued by the Reserve Bank of India

2."Bulls and Bears" term is used in

bullion markets vegetable markets stock exchange commodity markets

3.The definition of the priority sector was first formalised in 1972 by

Planning Commission National Development Council Reserve Bank of India Ministry of Finance, Government of India

4.Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by

Reserve Bank of India Act, 1934 Companies Act, 1956 Banking Regulation Act, 1949 Special Powers given by the Union Ministry of Finance

5.Dalal Street is in

Kolkata - famous for jute market Mumbai - famous for stock exchange market Delhi -famous for Kabari (Waste goods) market Bangalore - famous for race course