Quiz 324: Finance, Business & Economy Awareness

1.In context with the RBI, NDS is an electronic platform for facilitating dealing in Government Securities and Money Market Instruments. What does NDS stand for__?
(A)National Depository System
(B)Negotiated Dealing System
(C)National Dealing System
(D)Negotiable Deals System
(E)None of them

2.In the Quarter 3 review of the monetary policy for Financial Year 2010 , the Reserve bank of India hiked the Cash Reserve Ratio (CRR) 75 BPS in two stages to 5.75%. Which among the following was the objective of RBI for this move?
(A)RBI wished to absorb excess liquidity from the market
(B)RBI wished to release more liquidity in the market
(C)RBI wished to support the economy struggling with financial downturn
(D)RBI wished to surprise the market by raising CRR rather than other rates
(E)RBI had earlier announced that Repo & Reverse Repo rates would not be altered

3.Approximately how much amount RBI intends to suck out of excess liquidity from the market by raising CRR?
(A)Rs 26,000 crore
(B)Rs 36,000 crore
(C)Rs 46,000 crore
(D)Rs 29,000 crore
(E)None of them

4.What was the rationalized attitude of the Reserve Bank of India while presenting the third quarter review of the monetary policy?
(A)Managing the Crisis
(B)Managing the Liquidity
(C)Managing the Interest rates
(D)Managing the Inflation
(E)Managing the Recovery

5.What is the latest RBI forecast for India’s GDP growth for Financial Year 2010?
(A)6%
(B)6.5%
(C)7%
(D)7.5%
(E)7.9%

6.What is the latest WPI inflation projection for Financial Year 2010?
(A)6.5%
(B)7%
(C)8.5%
(D)8%
(E)9%

7.What is the name of reserve Bank of India’s VSAT based communication system which is used for financial transaction between banks?
(A)FIB
(B)INFINET
(C)INFONET
(D)BANKNET
(E)SWIFT

8.In the current Business & economy conditions of the country, what will be the most probable impact on the interest rates after the Reserve Bank of India has hiked CRR rate in Q3 review of monetary policy?
(A)The interest rates may rise sharply and swiftly
(B)The interest rates may remain rise or fall
(C)The interest rates may fall swiftly
(D)The interest rates may rise but slowly
(E)There may be no impact on interest rates

9.As per the Macroeconomic & Monetary Developments report released on January 29, 2010, Indian Economy will grow by following rates?
(A)6%
(B)6.5%
(C)6.9%
(D)7.5%
(E)7.9%

10.Debt financing that can magnify the risk and reward for an investment are called as follows:
(A)Reward risk
(B)Derivative
(C)Leverage
(D)Investment strategy
(E)Margin

11.Which of the following sectors is regulated by IrDA ?
(A)Insurance
(B)Industry
(C)Finance
(D)Investment
(E)Internet

12.The monetary aggregates M1, M2 & M3 have been modified by Reserve Bank of India on the basis of recommendation of ___?
(A)Dave Panel
(B)Y V Reddy Committee
(C)V Vaghul Committee
(D)Narsimhamam Committee
(E)None of them

13.Which among the following is the first pillar of Basel II accord?
(A)minimum capital requirements
(B)supervisory review
(C)market discipline
(D)Regulatory arbitrage
(E)None of them

14.Many a times Govt. raises additional resources through taxation and allocation of expenditure as per its priorities. This is known as the following______?
(A)Economic Policy
(B)Budget Policy
(C)Monetary Policy
(D)Fiscal Policy
(E)Tax Policy

15.What period was covered in the recommendations of first Finance Commission ?
(A)1951-56
(B)1952-57
(C)1953-58
(D)1954-59
(E)1950-55

16.The bank employees are expected to be in the branched 15 minutes before the beginning of the customer service. Which of the following committee recommended this?
(A)Goiporia committee
(B)Rangrajan Committee
(C)Jilani Committee
(D)Tarapore Committee
(E)Talwar Committee

17.Which among the following is the upper limit of sound advice of Central Pollution Control Board (CPCB) for residential areas?
(A)50 Decibels
(B)55 Decibels
(C)60 Decibels
(D)65 Decibels
(E)70 Decibels

18.Which of the following measures of money supply is called aggregate monetary resources ?
(A)M1
(B)M2
(C)M3
(D)M4
(E)None of them

19.From the following bring out the one which is not a liability of a commercial bank?
(A)Time Deposits
(B)Borrowing from saving banks
(C)Security Holdings
(D)Demand deposits
(E)Saving accounts

20.Why Commercial banks are called creators of money?
(A)because they buy securities from the central government
(B)because the loans create deposits
(C)because they distribute the money in the system
(D)because they purchase investments
(E)because they invest money in securities & shares

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Comments

  • Anonymous
    Reply

    Excellent….

  • Anonymous
    Reply

    YOU ARE DOING SUPERB JOB

  • Anonymous
    Reply

    hatts off gr8 series of questions

    sir please please post these kind of questions which haunts us in exam sir

    thank u very much

    regards
    Amrith
    Bangalore

  • Anonymous
    Reply

    excellent stuff,extremely useful & ur work is truly laudable…

  • Anonymous
    Reply

    Sir,you are beyond compare.Sometimes I think that how do you collect this question.Take my regards.

  • Anonymous
    Reply

    great work…please try to include description for all answers if possible and atleast try to expand the word for full form wherever necessary….anyways very well done and thanks a ton … superb effort…praiseworthy

  • Anonymous
    Reply

    good job done sir jee

    thanx

    – rahul verma

  • $hamim
    Reply

    great job sir,
    please publish the quiz in downloadable form so that we readers can download,
    still very well done,
    thnx.

  • $hamim
    Reply

    Sir cAN U PLEASE tell me what shud i do to improve my G.k on business, and economy,
    pls do help, my id [email protected]

  • Anonymous
    Reply

    Sometimes I think you are repeating question or moving around the bush unnecessarily.But good job.

  • Admin
    Reply

    Dear anonymous friend,
    The moment you start feeling that most of the questions in this blog are being repeated, you should stop following this blog. because it can be just assured that you are a success in your examination.I dont know how could I repeat , when the monetary policy is just out on 29.1.2010

  • Anonymous
    Reply

    great reply Admin …. u said it rightly and very prudently …i think it is imp to reply such ways to those who waste their as well as our time by talking or writing such nonsense and absurd things as their comment…which bear no meaning

  • Anonymous
    Reply

    thanks sir,
    repeating question means its for revision what we have done before to make confirm that now have i right answer or not? so, the bottom line is the work is superb, we oblige you

    love you
    [email protected]

  • Anonymous
    Reply

    thank u sir u have given us a valuable information for our xams
    with regards sowjanya