Economy Quiz For SSC CGL 2016, SSC CPO, SSC CHSL and Railways

Dear Readers ,We are providing you a Quiz on Economies for SSC CGL 2016, SSC CPO, SSC CHSL and Railways.

1. In estimating the budgetary deficit, the official approach in India is to exclude
a) long term borrowing from the market
b) borrowings from the Reserve Bank of India
c) drawing down of the cash balance
d) borrowing from Reserve Bank in the form of way and means advance

2. The best way, a bank can avoid loss is to
a) lend only to individual known to the bank
b) accept sound collateral
c) give only short-term loan
d) lend only to bank’s customers

3. Which of the following is an open market operation of the RBI ?
a) Buying and selling of shares
b) Trading in securities
c) Transactions in gold
d) Lending to commercial banks

4. During which Five-Year Plan did India lay down the objective of the need to ensure environmental sustainability of the development strategy ?
a) 6th Five Year Plan
b) 7th Five Year Plan
c) 8th Five Year Plan
d) 9th Five Year Plan

5. Which of the following is not an objective of the monetary policy of the RBI ?
a) Boost economic Development
b) Direct credit in desirable direction
c) Control inflationary pressure
d) Ensure social justice

6. Which Bank was merged in the Punjab National Bank in February, 2003 ?
a) Catholic Syrian Bank Ltd.
b) Nainital Bank Ltd.
c) Nedungadi Bank Ltd.
d) Madurai Bank Ltd.

7. State which amongst the following is not true about VAT ?
a) All States have uniform VAT for the same product
b) State have discretion to fix the rate of tax within the four rates prescribed
c) It will promote production efficiency of investments
d) It will make our exports more competitive

8. Reserve Bank of India keeps some securities against notes. These securities are always less in comparison to
a) Gold and foreign bonds
b) Gold
c) Government bonds
d) Gold, foreign bon.ds and Government bonds.

9. Merchant Banking is an institution which provides finances to :
a) domestic whole sale trade
b) international trade among countries
c) domestic retail trade among
d) international aid agencies.

10. The system of issuing and monitoring of money in the market is known as :
a) Proportional reserve ratio
b) Fixed reserve ratio
c) Minimum reserve ratio
d) Floating reserve ratio

Answers will be provided soon