Q1. The Economic Survey is compiled by the-
(a) Ministry of Home Affairs
(b) Ministry of Finance
(c) Ministry of Rural Development
(d) Central Board of Direct Taxes
(e) Other than the given options
Q2. The economy of India is/are facing which of the following problem/problems now days?
I. Huge trade deficits.
II. Disequilibrium in balance of payments.
III. High inflation and high food and commodity prices.
(a) Only I
(b) Only II
(c) I and III
(d) Only III
(e) Other than the given options
Q3. The primary monetary policy technique employed by the Reserve Bank of India is _________.
(a) Reserve requirements
(b) Open market operations
(c) Discount policy
(d) Margin requirements
(e) Other than the given options
Q4. Which of the following terms is not used in Economics or Banking?
(a) Balance of Payment
(b) Call Money
(c) National Debt
(d) Elasticity of Demand
(e) Boyle’s Law
Q5. The Reserve Bank of India is regularly revising upwards the repo and reverse repo rate. Why is this being resorted to?
(a) To check inflationary pressures in the economy
(b) To curb growth of black money
(c) To encourage rise in interest rates on deposits.
(d) To make bank loan costlier
(e) Other than the given options
Q6. ‘Sub Prime Lending’ is a term applied to the loans made to-
(a) Those borrowers who do not have a good credit history.
(b) Those who wish to take loan against the mortgage of tangible assets.
(c) Those that have a good credit history and are known to bank since 10 years.
(d) Those borrowers who are most preferred customers of the bank.
(e) Other than the given options
Q7. Expand the term ALM as used in Banking/Finance sector?
(a) Asset Liability Mismatch
(b) Asset Liability Maturity
(c) Asset Liability Management
(d) Asset Liability Manpower
(e) Other than the given options
Q8. What is the full form of the term LIBOR as used in financial banking sector?
(a) Local Indian Bank Offered Rate
(b) London India Bureau of Regulations
(c) Liberal International Bank Official Ratio
(d) London Inter Bank Offered Rate
(e) Other than the given options
Q9. Basel – II norms are associated with which of the following aspects of the banking industry?
(a) Risk Management
(b) Manpower Planning
(c) Retirement benefits for the employees
(d) Corporate governance
(e) Other than the given options
Q10. What is forex?
(a) Buying of foreign currency
(b) Selling of foreign currency
(c) Buying of one currency and selling of another currency
(d) Simultaneous buying of one currency and selling of another currency
(e) Other than the given options
Q11. What is stagflation?
(a) Inflation with growth
(b) Deflation with growth
(c) Inflation after deflation
(d) Inflation with recession
(e) Other than the given options
Q12. SEBI is a –
(a) Statutory body
(b) Advisory body
(c) Constitutional body
(d) Non-Statutory body
(e) Other than the given options
Q13. Which statement is correct for the National Institution for Transforming India, also called NITI Aayog?
(a) The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015.
(b) NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs.
(c) The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to replace the Planning Commission instituted in 1950.
(d) All above are true
(e) Other than the given options
Q14. As per the new guidelines issued by RBI, the minimum required capital to set up a bank by corporate is set at _________.
(a) Rs. 600 crore
(b) Rs. 700 crore
(c) Rs. 400 crore
(d) Rs. 500 crore
(e) Other than the given options
Q15. The policy of surplus budgeting may be resorted to, when economy is confronted with _________.
(a) Inflation and is experiencing economic boom
(b) Deflation and unemployment
(c) Recession and unemployment
(d) Depression and low investment
(e) Other than the given options
ANSWERS :
1. b
2. a
3. b
4. e
5. a
6. a
7. c
8. d
9. a
10.d
11.d
12.a
13.d
14.d
15.a
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