Price Index and Financial Instruments MCQ for RBI Grade B

Dear aspirants,
We are presenting you the Price Index and Financial Instruments MCQ for RBI Grade B Finance Section of the exam. These questions cover the topics like WPI, CPI, Certificate of Deposits etc.

Price Index and Financial Instruments MCQ

Let’s read the Price Index and Financial Instruments MCQ for RBI Grade B and do check answers are given at the end of the quiz.

  1. Who compiles and publishes the Wholesale Price Index (WPI) data?
    1. Central Statistical Organisation (CSO)
    2. Labour Bureau, Government of India
    3. Office of the Economic Adviser, Ministry of Commerce and Industry
    4. Finance Secretary, Ministry of Finance
  2. What is the frequency of publication of Wholesale Price Index (WPI) data?
    1. Weekly
    2. Monthly
    3. Quarterly
    4. Annually
  3. Who compiles and publishes the Consumer Price Index (CPI) for rural and urban?
    1. Central Statistical Organisation (CSO)
    2. Labour Bureau, Government of India
    3. Office of the Economic Adviser, Ministry of Commerce and Industry
    4. Finance Secretary, Ministry of Finance
  4. What is the frequency of publication of Consumer Price Index (CPI) data for all India as well as rural and urban?
    1. Weekly
    2. Monthly
    3. Quarterly
    4. Annually
  5. Who compiles and publishes the Consumer Price Index (CPI) for Industrial Workers (CPI-IW)?
    1. Central Statistical Organisation (CSO)
    2. Labour Bureau, Government of India
    3. Office of the Economic Adviser, Ministry of Commerce and Industry
    4. Finance Secretary, Ministry of Finance
  6. What is the frequency of publication of Consumer Price Index (CPI) for Industrial Workers (CPI-IW)?
    1. Weekly
    2. Monthly
    3. Quarterly
    4. Annually
  7. Which amongst the following can issue Certificate of Deposit (CD)?
    a) Reserve Bank of India.
    b) Scheduled commercial banks (excluding Regional Rural Banks and Local Area Banks)
    c) All India Financial Institutions (selected by RBI)
    d) Private Companies
    Select the correct answer from following options:

    1. Only a, b and c
    2. Only b, c and d
    3. Only b and c
    4. All are correct
  8. What is the minimum amount that a subscriber has to invest in Certificate of deposit?
    1. Rs 25,000
    2. Rs 50,000
    3. Rs 75,000
    4. Rs 1,00,000
  9. What is the minimum maturity period of Certificate of deposits issued by banks?
    1. No minimum time period
    2. 7 days
    3. 1 year
    4. 3 years
  10. What is the maximum maturity period of Certificate of deposits issued by banks?
    1. No maximum time period
    2. 7 days
    3. 1 year
    4. 3 years

Answers

  1. 3
    Wholesale Price Index (WPI) data is regularly compiled and published every month by the Office of the Economic Adviser to the Government of India, Ministry of Commerce and Industry
  2. 2
    Wholesale Price Index (WPI) data is regularly compiled and published every month by the Office of the Economic Adviser to the Government of India, Ministry of Commerce and Industry
  3. 1
    All India CPI, including that for rural and urban, is compiled and published every month by Central Statistics Office (CSO), Ministry of Statistic and Programme Implementation (MoSPI)
  4. 2
    All India CPI, including that for rural and urban, is compiled and published every month by Central Statistics Office (CSO), Ministry of Statistic and Programme Implementation (MoSPI)
  5. 2
    Monthly CPI-IW data is compiled and published by the Labour Bureau, Government of India
  6. 2
    Monthly CPI-IW data is compiled and published by the Labour Bureau, Government of India
  7. 3
    Certificate of Deposit can be issued by (i) scheduled commercial banks {excluding Regional Rural Banks and Local Area Banks}; and (ii) select All-India Financial Institutions (FIs) that have been permitted by RBI to raise short-term resources.
  8. 4
    Minimum amount of a CD should be Rs.1 lakh, i.e., the minimum deposit that could be accepted from a single subscriber should not be less than Rs.1 lakh, and in multiples of Rs. 1 lakh thereafter
  9. 2
    The maturity period of CDs issued by banks should not be less than 7 days from date of issue.
  10. 3
    The maturity period of CDs issued by banks should not be more than one year from the date of issue.

You may also like to read following MCQs for RBI Grade B exam: 

Click to go to RBI Grade B Preparation Page  | Click to read more such quizzes

Tags: Price Index and Financial Instruments MCQ for RBI Grade B, Price Index and Financial Instruments questions for RBI Grade B, Price Index and Financial Instruments MCQ, Price Index and Financial Instruments MCQ for RBI Grade B finance section

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