Friday, August 12, 2011

Quiz 62 | Indian Economy and Bank Sector Questions for All Banks PO and Clerical Exams

1.Which of the following was the first country to introduce Goods and Services Tax?

A. Germany
B. France
C. Australia



2.Which one of the following item is entered as credit in the balance of Payment Account ?

A. Imports from abroad
B. Purchase of assets from abroad
C. Sale of assets abroad
D. Purchase of gold from abroad



3.When marketers develop _______ strategies, they make decisions about product benefits, features, styling, branding, labeling, and packaging.

A. product
B. communication
C. brand



4.Which among the following is the first stage of Marketing Process?

A. Strategy Formulation
B. Marketing Planning
C. Implementation



5.What is the maximum stake of the Government of India in any public sector bank at present ?

A. 49%
B. 50%
C. 64%
D. 74%



6.To operate currency futures in India, whose permission is required?

A. Ministry of Finance
B. Ministry of Finance & Reserve bank of India
C. Ministry of Finance,Reserve bank of India, Securities & Exchange Board of India



7.The excess of total expenditures over total receipts is known as _____ ?

A. Fiscal Deficit
B. Budget Deficit
C. Revenue deficit



8.Which among the following was established by government of India in 2001 for clearing functions of debt market?

A. CCIL
B. OTCEI
C. ISE



9.In an economy, the sectors are classified into public and private on the basis of

A. Employment conditions
B. Nature of economic activities
C. Ownership of enterprises
D. Use of raw materials



10.What is the per capita income in real terms (at 1999-2000 prices) during 2008-09 is (estimated by CSO) (last year it was 24, 295)

A. Rs. 25,661
B. Rs. 25,494
C. Rs. 25,115



11.The term Rolling Settlements is predominantly used in which of the following markets ?

A. Capitals Market
B. Commodities Market
C. Currency Markets



12.Five leading government banks, led by State Bank of India (SBI), will open 15,300 ATMs to facilitate retail customers, for whom the service has become free from April 1 this year. How many ATMs will SBI open ?

A. 14300
B. 13400
C. 12700



13.Recently Hari Pandey, ICICI Bank president and CEO, wealth management, for the North American region, has been selected for Indo-Canada Chamber of Commerce's Corporate Executive of the Year Award. He founded ICICI bank in 2003 in ________?

A. United States
B. Canada
C. Bahamas



14.Which among the following increases by Credit creation?

A. real national income
B. supply of money
C. real wealth of people



15.Land Development Banks form part of -

A. Commercial Banks
B. IDBI
C. FCI
D. Cooperative Credit Structure



16.Which of the following points refers to the economic level of output?

A. MR < MC
B. MR > MC
C. MR = AC
D. MR = MC



17.Except which one of the following,the supply schedule for a commodity is usually assumed to be directly open to influence?

A. The prices of the factors of production
B. The quantity demanded
C. The prices of other goods
D. The costs of production



18.In finance, "working capital" means the same thing as

A. total assets.
B. fixed assets.
C. current assets.
D. current assets minus current liabilities.



19.Discounted cash flow methods provide a more objective basis for evaluating and selecting an investment project. These methods take into account:

A. Magnitude of expected cash flows
B. Timing of expected cash flows
C. Both timing and magnitude of cash flows
D. None of the given options



20.Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future?

A. Bombay Stock Exchange (BSE)
B. Indian Banks Association (IBA)
C. Securities & Exchange Board of India (SEBI)
D. Reserve Bank of India (RBI)



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