What is a Repo Rate? (A) It is a rate at which RBI sell government securities to banks (B) It is a rate at which banks borrow rupees from RBI (C) It is a rate at which RBI allows small loans in the market (D) It is a rate which is offered by Banks to their most valued customers or prime customers (E) None of these Ans : (B) In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to: (A) Employ more and more people (B) Maximize total profits (C) Maximize total production (D) Provide financial service to the people of the nation of its origin across the country (E) Sell the goods at subsidized cost Ans : (D) Which of the following cannot be called as a Debt Instrument as referred in financial transactions? (A) Certificate of Deposits (B) Bonds (C) Stocks (D) Commercial Papers (E) Loans Ans : (C) The government formed the panel after many ex-servicemen returned their medals to protest the rejection of their ‘one rank one pension’ demand. Who is heading this panel? (A) K.M. Chandrasekhar (B) R Balakrishanan (C) B S Padmanabham (D) T. Raja Shekhar (E) R Balu Ans : (A) Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following? (A) Inflation only (B) liquidity in economy (C) Borrowing powers of the banks (D) Flow of Foreign Direct Investments (E) None of these Ans : (B) The maximum amount of the total Revenue earned by the government of India comes from: (A) Income Tax (B) Customs Duty (C) Excise Duty (D) Value Added Tax (E) Corporate Tax Ans : (C) Which was the first Indian Bank to introduce credit card? (A) State Bank of India (B) Central Bank of India (C) Union Bank of India (D) ICICI (E) None of these Ans: B Capital Market Regulator is— (A) RBI (B) IRDA (C) NSE (D) BSE (E) SEBI Ans : (E) FDI refers to— (A) Fixed Deposit Interest (B) Fixed Deposit Investment (C) Foreign Direct Investment (D) Future Derivative Investment (E) None of these Ans : (C) What is Call Money ? (A) Money borrowed or lent for a day or over night (B) Money borrowed for more than one day but upto 3 days (C) Money borrowed for more than one day but upto 7 days (D) Money borrowed for more than one day but upto 14 days (E) None of these Ans : (A) Which is the first Indian company to be listed in NASDAQ ? (A) Reliance (B) TCS (C) HCL (D) Infosys (E) None of these Ans : (D) Who is known as the ‘Father of Economics’? (A) Adam Smith (B) Marshall (C) J.M. Keynes (D) Pareto (E) None of these Ans: A Which of the following is known as plastic money? (A) bearer cheques (B) credit cards (C) demand drafts (D) gift cheques (E) None of these Ans: B
Posted on: Tue, 20 Aug 2013 07:03:22 +0000
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