Quiz 239: Economic Awareness For Bank Examinations

1. A number of factors are responsible for poverty in India. Which among the following is not the economic factor contributing to poverty?

[A] Inequalities of Income
[B] Mass illiteracy
[C] Low productivity in Agriculture
[D] Fast Rise in Population

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2. Which among the following sentences is / are correct ?

[A] The Union Levies, collects and distributes the proceeds of income tax between itself and states
[B] The Union Levies, collects and distributes the proceeds of income tax between states
[C] The Union Levies, collects and keeps the proceeds of income tax
[D] The Union Levies, collects and distributes the proceeds of income tax & Surcharge and only surcharge is distributed among states

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3. In which of the following situations the “Investment” will increase?

[A] Increase in output and decrease in capital stock
[B] decrease in output and increase in capital stock
[C] Increase in output and increase in capital stock
[D] decrease in output and decrease in capital stock

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4. Which among the following is a direct tax?

[A] Excise Duty
[B] Sales Tax
[C] VAT
[D] Income Tax

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5. Which among the following is a Progressive Tax?

[A] Customs duty
[B] Development Surcharge
[C] Income tax
[D] Sales tax

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6. Which among the following is not a power of RBI?

[A] inspection of banks
[B] Nationalization of Banks
[C] Call of returns
[D] Control the lending policies of the banks

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7. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. What is the full form of DICGC?

[A] Deposit Insurance And Credit Guarantee Company
[B] Deposit Insurance And Credit Guarantee Corporation
[C] Direct Insurance And Credit Guarantee Corporation
[D] Direct Insurance And Credit Guarantee Company

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8. Which among the following is correct regarding ‘Currency Chests”?

[A] Storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank
[B] Store houses where foreign currencies are stocked on behalf of the RBI
[C] Companies which are authorized to store and deal in Foreign currencies
[D] Banks authorized by Reserve Bank of India for Currency Exchange

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9. Rs. 100 notes are printed in which of the following?

[A] The Indian Security Press Nasik
[B] The Security Printing Press Hyderabad
[C] The bank Note Press, Dewas
[D] All1,2&3

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10. Which among the following taxes is levied by state government only?

[A] Wealth Tax
[B] Estate Duty
[C] Corporation tax
[D] Entertainment Tax

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Comments

  • anilkumar
    Reply

    thanks a lot..
    i request you to post more questions on economic awareness..

  • rahul
    Reply

    wow great effort by you thanx.

    pls post more question regarding general/economic/financial awareness.

  • rohini_rayal47
    Reply

    thanks a lottttt

  • Anonymous
    Reply

    thanks

  • sanjay
    Reply

    very nice and useful

  • ajay
    Reply

    thanx for ur great help and effort for the aspirants. its a thing to be apriciated

  • Anonymous
    Reply

    good effort

  • Anonymous
    Reply

    very useful thanks
    gaurav bhandari
    jodhpur