Quiz 109 : Finance & Economy Current Affairs for Bank PO

1. Which among the following would follow when RBI cuts the CRR?
[A] Stress on money markets would increase
[B] Stress on money markets would decrease
[C] Banks will need to invest more in Government Securities
[D] Banks will need to increase the interest rates

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2. Consider the following countries:

  1. Cambodia
  2. Malaysia
  3. Indonesia
  4. Myanmar

Which among the above are members of Both ASEAN and East Asia Summit?

[A] 1 & 2
[B] 2 & 3
[C] 1, 2 & 3
[D] 1, 2, 3 & 4

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3. Which among the following gives a precise definition of” Arbitrage” in Financial World?
[A] To profit from an existing discrepancy among prices, exchange rates, and/or interest rates on Different Markets without risk of these changing
[B] To profit from an existing discrepancy among prices, exchange rates, and/or interest rates on Same market without risk of these changing
[C] To profit from an existing discrepancy among prices, exchange rates, and/or interest rates on new techniques or products in same market.
[D] All the above

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4. RBI uses the policy instrument Reverse Repo for which of the following reasons?

  1. To increase the liquidity of commercial banks
  2. To absorb liquidity from commercial banks
  3. To reduce the fiscal deficit of central Government

Choose the correct option:

[A] 1 & 2
[B] 2 & 3
[C] 1, 2 & 3
[D] 1 & 3

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5. Exchangeable Bonds are Bonds which can be exchanged with________?
[A] Equity Shares of a single company
[B] Equity Shares of a group company
[C] Both of them
[D] None of the above

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6. Which of the following is / are traded on National Spot Exchange of India?

  1. Shares
  2. Commodities
  3. Bonds

Choose the correct option:

[A] 1 & 2 Only
[B] 2 & 3 Only
[C] 2 only
[D] 1 & 3 Only

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7. Which among the following defines Hyperinflation?
[A] Cumulative inflation rate over three years approaching 100% to “inflation exceeding 50% a month
[B] Cumulative inflation rate over five years approaching 100% to “inflation exceeding 50% a month
[C] Growth in Inflation Level of 100 % in 3 years
[D] Growth in Inflation Level of 100 % in 1 year

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Comments

  • deep-end-u
    Reply

    FIEO:-

    Federation of Indian Export Organisations.setup in Oct,1965

  • PS
    Reply

    The answer to Q.10 should be “2 only”. Reverse Repo is used by the RBI to pull out liquidity from the commercial banks.

  • KALAICHELVAN . A
    Reply

    Please kindly post the Yojana and projects in Indian Economics

  • deepak
    Reply

    provide some agricultural gk

  • tarunnagpal
    Reply

    Sir just want to know about 12th question is that national stock exchange or naional spot exchange..if it is NSE then shares also traded over there…Please advise..

  • Shadan firdaus
    Reply

    National spot exchange traded only commodity not share.

  • saritachoudhary
    Reply

    sir i want to know about 12th question.it is nse or national spot exchange. Its not a sensable questin. Plz clear confustion.

  • harsh
    Reply

    gud sir

  • lovejit88
    Reply

    @PS
    Reverse repo can be used in either way

  • snehajit gupta
    Reply

    i love it

  • Struggler
    Reply

    Sir , please check 10th ques. Answer should be just option 2. Correct me if m wrong !