Fiscal Policy - WBCS Online Portal for Self Studies

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Monetary Policy, Public Finance, Deficit financing

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A “market based interest” should be paid by-
The government / the RBI / the commercial banks /private sector investors

RBI hbe?

The government

The interest rate which the RBI charges on its long term lending is known as “bankrate” –
True / false

MSF announced by the RBI in its monetary policy in which year-
May 2011/may 2012 /June 2011 / June 2012

The difference between total expenditure and total receipts is

a. Fiscal deficit
b. Budget deficit
c. Primary deficit
d. Revenue deficit

Budget deficit

The difference between revenue expenditure and revenue receipts is

a. Revenue deficit
b. Fiscal deficit
c. Budget deficit
d. Primary deficit

B

Revenue deficit

Revenue deficit

Present CRR is___.
a. 5.5 percent
b. 5 percent
c. 6 percent
d. 4 percent

4

6%

The term “non developmental expenditure were replaced by the new terms “plan and non plan expenditure” respectively was suggested by which committee?
Rangarajan committee / Chakraborty committee /Narasimham committee / none

Rangarajan committee

Sukhomoy Chakraborty committee

Present repo rate is___.
a. 5.5 percent
b. 5.75 percent
c. 6 percent
d. 6.25 percent

6.25

RBI changes the CRR which of the following is correct in this connection
1)Reduction in CRR increases the liquidity position within Indian banks
2)Increase in CRR increases the liquidity position within Indian Banks
3)Increase in CRR does not affect the liquidity position
4)decrease in CRR does not affect the liquidity position

1)Reduction in CRR increases the liquidity position within Indian banks

The rate at which the RBI lends short term money to the banks
1)PLR
2)CRR
3)Repo rate
4)Reverse) repo rate

3)Repo rate

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