Economics Mock Test series - 2

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Economic growth is usually coupled with

Hyper Inflation

Inflation

Deflation

Stagflation

What is the full form of SEZ?

Special Economic Zone

Special Enforcement Zone

Service and Economic Zone

Small Economic Zone

Green Banking means

None of the above

Development of forestry by banks

Financing of irrigation projects by banks

Financing of environmental friendly projects by banks

Bad loans in banking terminology are generally known as

BPO

Prime Loans

Prime Asset

NPA

Devaluation of currency leads to

contraction of import trade

all of the above

expansion of import substitution

a expansion of export trade

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

taking loan from Government

issue of securities

issue of note

taking loan from foreign institutions

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

Ragner Frisch

Ragner Nurkse

Alfred Marshall

JM Keynes

Open Market Operations of Reserve Bank of India refers to

None of these

Trading in securities

Transaction in Gold

Auctioning of Foreign Exchange

Fiscal deficit is

total payments less total receipts

total income less government borrowing

total expenditure less total receipts excluding borrowing

total payments less capital receipts

10.

Insurance Service provided by various banks is commonly known as

Investment Banking

Merchant Banking

Portfolio Management

Micro Finance

11.

Economic Planning is in

State List

not any specific list

Union List

Concurrent List

12.

What is Hot money?

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

13.

The stock market index of London Stock Market is referred as

Sensex

FTSE

Bullish

NIFTY

14.

The recommendations of Kelkar Task Force is associated with

Taxes

Banking

Business

Foreign Investments

15.

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

Basel Accord

Look East Policy

Geneva Framework

Doha Accord

16.

Fiscal Responsibility and Budget Management Act concerns

Fiscal deficit only

Revenue deficit only

Both fiscal deficit and revenue deficit

Neither fiscal deficit nor revenue deficit

17.

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.

A deposit account with a public sector bank.

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

18.

The largest public sector commercial bank of India is the

Union Bank of India

Bank of India

Reserve Bank of India

State Bank of India

19.

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.

20.

Which accounts are known as Demat Accounts?

Accounts which are operated through internet banking facility.

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

Accounts which are Zero Balance Accounts

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

21.

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

Bonds

Stocks

Commercial Papers

Certificate of Deposits

22.

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

Statutory Liquidity Ratio

Cash Credit Ratio

Debt Service Obligation

Liquidity Adjustment Facility

23.

The term 'Paper Gold' means

Special Drawing Rights(SDR) of the IMF

Currencies still on Gold standard

Deficit financing

Special accommodation facility of the world bank

24.

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

Lumpsum Tax

Regressive Tax

Progressive Tax

Proportional Tax

25.

From which year was the FEMA promulgated?

2003

1999

2002

2000

Economics Mock Test series - 2

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