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1. Which of the following describes the term 'legal tender'?

(A) Any object legally used as money in a country
(B) Moneywhich cannot legallybe refused in discharge of a debt
(C) Bank notes where they are in legal circulation
(D) Notes or coins other than the counterfeited ones
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3. Which of the following items would not appear in a company's balance sheet?

(A) Value of stocks of raw materials held
(B) Total issued capital
(C) Revenue from sales of the company's products
(D) Cash held at the bank
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4. Rate of interest on commercial borrowings of our country from abroad are reckoned with reference to LIBOR. And LlBOR denotes the?

(A) minimum rate of discount given by the Bank of England
(B) interest rate charged by the International Monetary Fund
(C) interest rate charged by the World Bank on its loans
(D) basic interest rate on interbank loans in London
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5. Open market operations by a Central Bank involves?

(A) sale and purchase of government securities
(B) increase or decrease of discount rate
(C) changing the reserve ratio up and down
(D) raising or lowering of the marginal requirements
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6. The one rupee note bears the signature of?

(A) Secretary;Ministry of Finante
(B) Governor; Reserve Bank of India
(C) Finance Minister
(D) None of these
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8. What is a Scheduled Bank?

(A) Abank having a deposit of Rs.100 crore
(B) Abank included in the second schedule of Reserve Bank of India
(C) Abank with more than 50 branches
(D) None of these
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10. Who was the first Indian Governor of the Reserve Bank of India?

(A) C.D. Deshmukh
(B) Sachindra Ray
(C) S. Mukherjee
(D) None of these
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