Quiz 557: GK for CWE Examination 2011

1. In India, the dollar-rupee exchange rate depends upon:
1. Government Control
2. Demand-supply balance
3. RBI’s Monetary policy
Choose the correct options:
[A]Only 2
[B]1 & 2
[C]1 & 3
[D]1, 2 & 3


2. Aadhaar can be the basis to open bank accounts because it can provide:
1. Know Your Customer details
2. Social and Financial Status of Customer
3. Repaying Capacity of the Customer
Choose the correct options:
[A]Only 1
[B]1 & 2
[C]1 & 3
[D]1, 2 & 3


3. Each Year Ramzan occurs about ______from the Previous year?
[A]11 Days earlier
[B]11 Days later
[C]17 Days earlier
[D]17 Days later


4. Now a days Environmental Accounting is making news. What is Environment Accounting?
[A]It is a method to measure the consumption of the environment/ natural resources
[B]Its a method to statistically analyze the green areas of the country
[C]Its a method of accounting in which all units are expressed in terms of loss / gain of Carbon Dioxide
[D]Its a method of accounting in which all measurement is expressed in Carbon Credits


5. The common international poverty line is based on an income of around___?
[A]$1.00 per day at the 2004 purchasing power parity
[B]$1.25 per day at the 2005 purchasing power parity
[C]$1.25 per day at the 2007 purchasing power parity
[D]$1.25 per day at the 2008 purchasing power parity


6. If Economy of a country picks up very fast then consider the following consequences:
1. Demand picks up
2. Inflation comes down
3. Prices become stable
Choose the correct options:
[A]Only 1
[B]1 & 2
[C]1, 2 & 3
[D]2 & 3


Explanation
7. Which among the following is NOT an Alternative Investment Fund?
[A]Private Investment in Public Equity Funds
[B]Infrastructure Equity Fund
[C]Venture Capital Fund
[D]Mutual Fund


8. At present marginal standing facility (MSF) stands as ____?
[A]1 % above Repo Rate
[B]2 % Below Reverse Repo Rate
[C]2% Above Reverse Repo Rate
[D]1% below Reverse Repo Rate


9. In economy, which among the following can be measured by calculating concentration ratios?
[A]Development
[B]Inflation
[C]Social Security
[D]Competition


Explanation
10. A Public Debt Office works as investment banker to the _____?
[A]Public
[B]Commercial Banks
[C]RBI
[D]Government


11. The objective of the Perform Achieve and Trade scheme is to achieve____?
[A]Export Efficiency
[B]Investment Efficiency
[C]Energy Efficiency
[D]Trade Efficiency


12. All countries from the Cotton-4 group belong to ____?
[A]Asia
[B]America
[C]Africa
[D]Europe


13. Who among the following famous author was an Investment Banker prior to turning become to columnist, and speaker?
[A]Arvind Adiga
[B]Chetan Bhagat
[C]Jhumpa Lahiri
[D]Kiran Desai


14. Which among the following are the features of Exchange Earners’ Foreign Currency Accounts:
1. They are opened with RBI
2. They Earn interests on deposits
3. They need a minimum balance to be maintained by the account holder
Choose the correct options:
[A]Only 1
[B]1 & 2
[C]2 & 3
[D]None of them


15. Collateralized Borrowing and Lending Obligation (CBLO) is a ____?
[A]Money Market Instrument
[B]Monetary Policy Instrument
[C]Investment Fund
[D]Capital Market Instrument

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Comments

  • PS
    Reply

    Q 1: In India, the exchange rate is not fully market-dependent. RBI intervenes as and when it deems necessary. Therefore, “Only 2” can’t be the answer.

    • GKToday

      Accepted RBI ‘s role to some extent. But, what about the Monetary Policy, which has been specifically mentioned in the option.

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