Banking Quiz Quiz

Banking Quiz for IBPS | RBI – 166

Banking Quiz

1. Selling of securities in the open market by the central bank creates ______________
a) Deflation
b) Inflation
c) Both inflation and deflation
d) None of these

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2. Which of the following is not a tax/duty levied by the Government of India?
a) Service Tax
b) Customs Duty
c) Toll Tax
d) Education Cess

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3. What is a fiscal deficit?
a) It is a gap between total expenditure and total receipts of the government
b) It is a gap between total receipts minus external borrowings
c) It is a gap between the values of exports and imports
d) None of these

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4. Union budget is always presented first in _______________
a) the Lok Sabha
b) joint session of the Parliament
c) the Rajya Sabha
d) same time at both Lok Sabha and Rajya Sabha

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5. Which is the monetary measure to control inflation ?
a) Increase in taxation
b) Hard credit policy
c) Soft credit policy
d) Decrease in taxation

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6. Special Drawing Rights are the rights of countries provided by ____________
a) World Bank
b) Reserve Bank of India
c) International Monetary Fund
d) Federal Reserve

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7. Which of the following is not included in National Income Accounts?
a) Transfer payments
b) Transaction in stock markets
c) Second hand goods
d) All of the above

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8. Which of the following is not a reason for demand pull inflation?
a) Shortage of consumer goods
b) More exports and less imports
c) More exports
d) Economic growth

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9. Inflation is caused by _________________
a) decrease in money supply
b) increase in money supply
c) increase in supply of goods
d) increase in cash with the government

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10. Which of the following schemes available in the financial markets is not meant for investment purposes?
a) Infrastructure bonds
b) National savings certificates
c) Letter of credit
d) Mutual funds

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