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| 71. |
In order to reduce consumer borrowing this is raised: |
| A. |
Commercial bank deposits |
B. |
Government spending |
| C. |
Interest rate |
D. |
The exchange rate |
Answer: Option C
Explanation:
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| 72. |
Treasury bill is used for: |
| A. |
Getting short term loans |
B. |
Getting long germ loans |
| C. |
Treasury bill is not credit instrument |
D. |
Treasury bill is a govt. tax bill |
Answer: Option A
Explanation:
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| 73. |
Out of the following the only recognised legal tender is: |
| A. |
Cheque |
B. |
Bank notes |
| C. |
Draft |
D. |
Credit card |
Answer: Option B
Explanation:
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| 74. |
Open Market Operation is: |
| A. |
Buying and selling bills of exchange |
B. |
Buying and selling govt. securities |
| C. |
Buying and selling shares of companies |
D. |
Buying and selling foreign exchange |
Answer: Option B
Explanation:
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