Quiz 553: General Socio-Economic Awareness for Bank Exams

1. Who among the following is called the “guardian of the public purse” of India?

[A] Comptroller & Auditor General
[B] Finance Minister
[C] Chairman of Public Accounts Committee
[D] Prime Minister

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2. Which among the following is the SI physical unit of dynamic viscosity?

[A] Poise
[B] Pascal-second
[C] Newton-second
[D] Poise-second

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3. The recommendations of which among the following working groups were implemented by the RBI with the introduction of the Base Rate with effect from July 1, 2010?

[A] Usha Thorat
[B] Deepak Mohanty
[C] G.Gopalakrishna
[D] N. Sadasivan

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4. Consider the following:

  1. High food, commodity and energy prices
  2. Sovereign debt problems
  3. High level of government debt

The Economy of India is facing which among the above problems now a days?

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

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5. Which among the following is the main industry of MENA region of the World?

[A] Manufacturing
[B] Petroleum
[C] Mines and Minerals
[D] Tourism & Hospitality

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6. If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following?

[A] Fiscal adjustment
[B] Deficit Financing
[C] Mandatory spending
[D] Retrenchment

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7. Consider the following:

  1. Reverse Repo Rate
  2. Cash Reserve Ratio
  3. Statutory Liquidity Ratio
  4. Bank Rate

An increase in which among the above could raise the interest rates in the market?

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

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8. Which among the following is the India’s research Base in Arctic?

[A] Gangotri
[B] Maitri
[C] Himadri
[D] Bhagirathi

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9. Chaukhtatgyi Buddha, which is the largest reclining Buddha in the world, is located in which among the following country?

[A] Thailand
[B] Myanmar
[C] China
[D] India

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10. A village in the plain area of India comes under the Pradhan Mantri Gram Sadak Yojna , if its population is more than ___?

[A] 500
[B] 1000
[C] 1500
[D] 2000

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  • HIM

    Hello sir.
    I’ve some doubt in the question no. 5.
    How can the increase in the ‘Reverse Repo Rate’ can cause an increase in the interest rates of banks, because a ‘Reverse repo Rate’ is the rate at which the central bank borrows short term loans from banks.So if this rate is increased , then the money with the commercial banks should increase, same way their interest rates should decrase.

    Please help me out of this confusion. Many thanks.
    Himanshu R.