Economics Mock Test series - 2

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The largest public sector commercial bank of India is the

State Bank of India

Union Bank of India

Bank of India

Reserve Bank of India

Devaluation of currency leads to

contraction of import trade

expansion of import substitution

a expansion of export trade

all of the above

Insurance Service provided by various banks is commonly known as

Portfolio Management

Micro Finance

Merchant Banking

Investment Banking

Fiscal deficit is

total income less government borrowing

total expenditure less total receipts excluding borrowing

total payments less total receipts

total payments less capital receipts

What is Hot money?

This is the fund which is pushed into market through Hawala or some other such illegal method and sometimes referred to also as Black Money.

Both A and B

This is the fund which is provided by a bank in US Dollar at very short notice and at a very high rate of interest and for a longer period of repayment.

This is the fund which is dumped into a country to get the advantage of a favourable interest rate and hence brings higher returns.

Bad loans in banking terminology are generally known as

Prime Loans

NPA

Prime Asset

BPO

Economic growth is usually coupled with

Stagflation

Hyper Inflation

Inflation

Deflation

The recommendations of Kelkar Task Force is associated with

Foreign Investments

Business

Banking

Taxes

From which year was the FEMA promulgated?

2003

2002

1999

2000

10.

What is an Indian Depository Receipt(IDR)?

An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company.

A depository account with any of the Depositories in India.

An instrument in the form of deposit receipt issued by Indian depositories.

A deposit account with a public sector bank.

11.

Which accounts are known as Demat Accounts?

Accounts which are Zero Balance Accounts

Accounts which are operated through internet banking facility.

Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.

Accounts in which shares of various companies are traded in electronic form

12.

The stock market index of London Stock Market is referred as

FTSE

NIFTY

Sensex

Bullish

13.

Green Banking means

Financing of irrigation projects by banks

Financing of environmental friendly projects by banks

Development of forestry by banks

None of the above

14.

Which of the following indicates a mechanism used by commercial banks for providing credit to the Government?

Statutory Liquidity Ratio

Liquidity Adjustment Facility

Cash Credit Ratio

Debt Service Obligation

15.

The term 'Paper Gold' means

Special accommodation facility of the world bank

Currencies still on Gold standard

Special Drawing Rights(SDR) of the IMF

Deficit financing

16.

Long term funds in the capital market can be raised either by borrowing from certain institutions or through

issue of securities

issue of note

taking loan from foreign institutions

taking loan from Government

17.

What is Repo Rate?

It is a rate at which RBI buys Government securities from banks.

It is a rate at which RBI allows small loans in the market.

It is a rate at which is offered by banks to their most valued customers or prime customers.

It is a rate at which RBI sells Government securities to banks.

18.

Open Market Operations of Reserve Bank of India refers to

Auctioning of Foreign Exchange

None of these

Trading in securities

Transaction in Gold

19.

What is the full form of SEZ?

Special Economic Zone

Small Economic Zone

Special Enforcement Zone

Service and Economic Zone

20.

The term 'Micro Economics' and 'Macro Economics' were coined by

Alfred Marshall

Ragner Frisch

JM Keynes

Ragner Nurkse

21.

Economic Planning is in

State List

Union List

Concurrent List

not any specific list

22.

Which is not called a Debt instrument as referred in financial transactions?

Certificate of Deposits

Commercial Papers

Stocks

Bonds

23.

Fiscal Responsibility and Budget Management Act concerns

Both fiscal deficit and revenue deficit

Neither fiscal deficit nor revenue deficit

Fiscal deficit only

Revenue deficit only

24.

If the tax rate increases with the higher level of income, it shall be called

Lumpsum Tax

Regressive Tax

Proportional Tax

Progressive Tax

25.

Which of the following policies/agreements/accords is closely associated with the reform in Banking Industry?

Look East Policy

Doha Accord

Basel Accord

Geneva Framework

Economics Mock Test series - 2

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