1. Buckingham Canal is located in which state in India?
[A] Andhra Pradesh
[B] Tamil Nadu
[C] Both 1 & 2
[D] Karnataka
Show Answer
Correct Answer: C [Both 1 & 2]
Notes:
Both The Buckingham Canal is a 420 km long salt water navigation canal, running parallel to the Coromandel Coast of South India from the vijayawada in Andhra Pradesh to Villupuram District in Tamil Nadu declared national waterway of India
2. Which of the following policy was launched in 1992 just after the end of the cold war, following the collapse of the Soviet Union?
[A] Economic Liberalization
[B] Look East Policy
[C] National Population Policy
[D] National Policy on Education
Show Answer
Correct Answer: B [Look East Policy]
Notes:
India’s Look East Policy was for the first time pursued by Narsimharao Government in 1992. Under this policy, India focused its attention toward South-East Asia, which was long neglected during the Cold war period. This policy was further cemented by successive prime ministers and now converted into “Act East Policy” by the current government.
3. which of the following is used by RBI to curb Borrowing powers of the banks?
[A] Foreign Exchange Management
[B] Open Market Operations
[C] Repo rate
[D] Reverse repo rate
Show Answer
Correct Answer: B [Open Market Operations]
4. Which of the following is an initiative of European Union that involves the creation of a zone for the euro wherein all electronic payments are considered domestic, and a difference between national and intra-European cross border payments doesn’t exist?
[A] Euro zone
[B] Single Euro Payment Area
[C] Eurocheque
[D] None of the above
Show Answer
Correct Answer: B [Single Euro Payment Area]
5. Agricultural Census is done for every:
[A] 2 years
[B] 5 years
[C] 10 years
[D] 15 years
Show Answer
Correct Answer: B [5 years]
6. Many a time we read in the newspapers about “Sub prime Crisis”. In simple terms the sub prime crisis was triggered because of the following lending activities of the banks?
[A] Lending to High Net worth Customers
[B] Lending to people who could not return the loans
[C] Lending to the people who had no real estate mortgage
[D] None of the above
Show Answer
Correct Answer: B [Lending to people who could not return the loans]
7. Which among the following products have Global Investment Horizon?
[A] Gilt Edge Securities
[B] Mutual Funds
[C] Sovereign Wealth Funds
[D] None of the above
Show Answer
Correct Answer: C [Sovereign Wealth Funds]
8. Which among the following is intended to be a family of standards relating to risk management codified by the International Organization for Standardization ISO?
[A] ISO 31000
[B] ISO 14000
[C] ISO 19011
[D] ISO 19111
Show Answer
Correct Answer: A [ISO 31000]
9. Which among the following is a monetary policy that centers around the ability to conduct transactions of local financial assets into foreign financial assets freely and at market determined exchange rates?
[A] Capital Account Convertibility
[B] Contractionary monetary policy
[C] Expanisonary monetary policy
[D] Open market operations
Show Answer
Correct Answer: A [Capital Account Convertibility]
Notes:
Capital account convertibility (CAC) means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This implies that Capital Account Convertibility allows anyone to freely move from local currency into foreign currency and back.
10. Which among the following is not an international agreement centered around Finance and Economic Cooperation?
[A] Abuja Treaty
[B] Cooperation Council for the Arab States of the Gulf
[C] Kyoto protocol
[D] None of the above
Show Answer
Correct Answer: C [Kyoto protocol]
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Comments
Anonymous
Good evening Sir
Sir when i m solving this quiz i m get stuck in 19 question may bcas i m unable to understand finanacial inclusion………if u simplify it then i m will greatful to u
Anonymous
especially about i m confusion between SHG-linking of banks and core banking services
Anonymous
Thank you Sir for such a valuable collection of banking & economy related questions.