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Indian Economy

Indian and Punjab economy structure, planning and reforms.

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Q1 · Banking and Monetary System · MEDIUM
Consider the following statements regarding the Reserve Bank of India: 1. RBI was established in 1935 based on the recommendations of the Hilton Young Commission. 2. RBI was nationalized in 1949. 3. RBI acts as the banker to the Central Government only, not State Governments. Which of the statements given above is/are correct?
Q2 · Banking and Monetary System · MEDIUM
In the context of banking terminology, a 'Nostro Account' is:
Q3 · Planning and NITI Aayog · MEDIUM
Consider the following statements about NITI Aayog: 1. It replaced the Planning Commission in 2015. 2. The Prime Minister serves as its Chairperson. 3. It has the authority to allocate funds to states. Which of the statements given above is/are correct?
Q4 · Banking and Monetary System · MEDIUM
Which of the following is NOT a quantitative tool of monetary policy used by the Reserve Bank of India?
Q5 · Planning and NITI Aayog · EASY
NITI Aayog replaced which institution that was responsible for centralized economic planning in India?