Dear Readers,
We are providing you current affairs quiz. General Awareness which has immense importance, if you want to score maximum in minimum time. This section plays tremendous role in time management. So keep studying and keep rising!
1. What is understood by Fiduciary Issue of currency?
(a) The issue of currency notes without keeping gold or silver as deposit
(b) The issue of currency notes keeping gold or silver as deposit
(c) The issue of currency notes with partial gold or silver deposits
(d) The issue of currency notes with comparative gold or silver deposits
(e)None of these
2. ______is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets.
(a) Statutory Liquidity Ratio (SLR)
(b) Cash Reserve Ratio (CRR)
(c) Statutory Reserve Ratio
(d) Cash Ratio
(e) None of these
3. The exchange rate in India is dependent upon:
1. Government policy
2. Demand-supply forces
3. Monetary policy objectives
(a) Only 2 (b) 2 & 3
(c) 1 & 2 (d) 1, 2 & 3 (e) None of these
4. For paying which among the following will a bank standing order be suitable?
(a) Telephone bills (b) Electricity bills
(c) Grocery bills (d) Mortgage repayments
(e) None of these
5. Often, we read in newspapers that the RBI has changed the Repo rate and the Reverse Repo rate by a few basis points. What is a basis point?
(a) Ten % of one hundredth point
(b) One hundredth of 1%
(c) One tenth of 1%
(d) Ten % of 100
(e)None of these
6. Banks generally don't pay interest on money deposited in which of the following accounts?
(a) Savings account (b) Current account
(c) Fixed deposit account (d) None of these
(e)None of these
7. 'Fiat Money' is defined as the money which is
(a) Accepted internationally
(b) Accepted temporarily in lieu of gold
(c) Issued by keeping gold or silver as deposi
(d) Decreed as money by the government
(e)None of these
8. Demand-pull inflation can be caused by which of the following?
(a) A decline in consumption expenditure
(b) A sharp increase in lending rates
(c) A steep decline in income tax
(d) An increase in direct taxation
(e) None of these
9. For obtaining which among the following does a customer not require a bank account?
(a) A loan (b) A cheque
(c) A banker's draft (d) A credit card
(e)None of these
10. RBI isn't expected to perform the role of
(a) Acting as a clearing house
(b) Working as a banker to the government
(c) Managing forex
(d) Accepting deposits from general public
(e)None of these
All the Best.....
Answer:
Q. Ans.
1. A
2. A
3. A
4. D
5. B
6. B
7. D
8. C
9. C
10. D
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