Banking System MCQ (GK Set-1) with Answers

will have no impact on tax revenue.

will always reduce tax revenue regardless of the prior size of the tax

could increase tax revenue if the tax had been extremely high

causes a market to become less efficient

caused a deadweight loss.

decreased equity.

generated no tax revenue

increased efficiency.

the linkage between the reserves held by banks and sight deposits held at commercial banks.

the opportunity cost of holding money, the interest rate.

the power to issue bank notes that circulate

the monopoly of legal gold and silver reserves.

Rs. 25,000

Rs. 50,000

Rs. 1 lac

Rs. 10 lacs

10 years

15 years

25 years

30 years