Q1. BBPS is an integrated bill payment system which will offer interoperable bill payment service to customers online as well as through a network of agents on the ground. BBPS stands for?
(a) Bharat Bill People Service
(b) Bharat Bench Payment System
(c) Bharat Bill Person System
(d) Bench Bill Payment Service
(e) Bharat Bill Payment System
Q2. __________ is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature.
(e) None of the above
Q3. The MICR Code is a numeric code that uniquely identifies a bank-branch participating in the ECS Credit scheme. How many digits are there in this Code?
(b) Sixteen
(d) Eleven
Q4. The term 'Smart Money" refers to __________ .
(a) Foreign Currency
(b) Internet Banking
(c) US Dollars
(d) Travelers' cheques
(e) Credit Cards
Q5. The part of a company's earnings or profits which are paid out to shareholders is known as-
(a) capital gains
(c) interest on borrowings
(d) dividends
(e) penal interest
Q6. When the rate of inflation increases-
(a) purchasing power of money increases
(b) purchasing power of money decreases
(c) value of money increases
(d) purchasing power of money remains unaffected
(e) amount of money in circulation decrease
Q7. In recent years it has been recognized increasingly that a large segment of the rural population is out of the reach of the formal banking services. Which of the following is the name of the concept floated to bring most of these rural persons in hte net of financial and banking services?
(a) Corporate Governance
(b) Financial Inclusion
(c) Wealth Creation
(d) Credit Management
(e) Risk Management
Q8. When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy (A big country was in this state recently)?
(a) Inflation
(b) Recession
(c) Deflation
(d) Economic boom
(e) None of the above
Q9. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as.........?
(c) inflation
(e) wealth of a nation
Q10. GNP stands for-
(a) Gross National Product
(b) Group Net Product
(c) Grand Nuclear Process
(d) Group Network Process
(e) None of the above
Q11. As we all know Ministry of Finance every year prepares Union Budget and presents it to the Parliament . Which of the following is/ are the elements of the Union Budget?
(1) Estimates of revenue and capital receipts
(2) Ways and Means to raise the revenue
(3) Estimates of expenditure
(a) Only 1
(b) Only 2
(c) Only 3
(d) All 1, 2 & 3
(e) None of the above
Q12. Which is not a monetary measure to control inflation ?
(a) Soft loan policy
(b) Hard credit policy
(c) Tighten the regulations of money issue
(d) To reduce the quantity of money
(e) None of the above
Q13. Inflation is measured in India on the basis of which index?
(a) Consumer price index
(b) Wholesale price index
(c) Retail price index
(d) Market forces
(e) None of the above
Q14. Where is the Headquarters of World Trade Organisation?
(a) New Delhi
(b) New York
(c) Geneva
(e) None of the above
Q15. Where is the head office of the International Monetary Fund (IMF)?
(b) New York
(c) Washington DC
(e) Beirut
Answers will be updated soon......
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