1. The term "Balance of Trade" means:
a. A point where the values of imports and exports are equal
b. The term is used with reference to bilateral trade agreements with the countries of CIS Block
c. the difference between the cost of the imports and exports of a country
d. the difference between the total of transactions with foreign countries in trade, services and capital
a. loans and advances granted by the commercial banks
b. demand deposits used as money, i.e., deposits withdrawable by cheques
c. loans granted by the Reserve Bank of India to the commercial banks
d. money provided by the Reserve Bank of India to the Government
3. " Multi - Currency basket" means:
a. a number of international currencies to which the value of SDRs is linked
b. selected international currencies to which the value of Asian Monetary Unit is linked
c. number of major international currencies to which the external value of the Indian rupree is linked
d. the name given to a group of West European currencies
4. The term "hyper - inflation" is used to denote:
a. a situation with a moderate rise in price livel
b. an inflationary situation where the external forces are the primary contributing factors
c. a "runway" or "galloping" inflationary situation where the monetary unit becomes almost worthless
d. a situation where the cost of living index is rising alarmingly
5. "Funded debt" means:
a. all Government securities which are marketable on the stock exchange market
b. all Government debt which is not marketable on the stock exchange market
c. Government borrowings guaranteed by the Government
d. Institutional borrowings guaranteed by the Government
6. "Free port" denotes:
a. a port where there are no restrictions on incoming and outgoing vessels
b. a port where no licence is required for import of goods
c. a port which allows entry to goods without payment of import duty
d. a port which allows free entry to goods which are to be re-exported
7. "Free trade area" denotes:
a. a group of countries which have decided to impose no duties of any kind on their imports
b. a group of countries which have decided to impose no duties of any kind on imports from other members of the group
c. an area where there are no restrictions of any kind on the trading activities
d. an area where trade is free from kind of taxes
8. "Floating debt" denotes:
a. Government securities with no definite rate of redemption, but which may be redeemed any time at the discretion of the Government
b. that part of the public debt which consists of short term borrowings by the Government
c. Government securities which continue changing hands
d. Government securities whose date of maturity falls within next five years
9. "Treasury bills" means:
a. salary bills drawn by Government officials on the treasury
b. bills drawn by the Government contractors and other supplies on the treasury for the dues owed to them by the Government
c. obligations of the Government of India issued by the Reserve Bank of India and payable normally ninety-one days after issue
d. a node of drawings by the Treasury Officer on the Reserve Bank of India
10. "Token money" means:
a. coins where the value of metal in them is equal to the value attached to them by law
b. coins where the value of metal in them is less then the value attached to them by law
c. coins where the value of metal in them is more than the value of metal attached to them by law
d. money represented by the tokens of specified values issued by the Reserve Bank of India
11. "Bulls and Bears" are terms used in:
a. bullion markets
b. vegetable markets
c. stock exchange
d. commodity markets
12. The definition of the priority sector was first formalised in 1972 by:
a. Planning Commission
b. National Development Council
c. Reserve Bank of India
d. Ministry of Finance, Government of India
13. Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by:
a. Reserve Bank of India Act, 1934
b. Companies Act, 1956
c. Banking Regulation Act, 1949
d. Special Powers given by the Union Ministry of Finance
14. Dalal Street is:
a. in Kolkata - famous for jute market
b. in Mumbai - famous for stock exchange market
c. in Delhi -famous for Kabari (Waste goods) market
d. in Bangalore - famous for race course
15. When was the Imperial Bank of India nationalised:
a. 1948
b. 1950
c. 1955
d. 1969
16. Most banks are offering teaser rates on home loans. What does it mean:
a. The rates keep fluctuating during the period of loan with high uncertainty
b. The initial rate is offered at a rate lower than the prevailing market rate for a few months and then gradually keeps increasing
c. The initial rate is higher than the current market rate with offer of lower rates at a later date
d. Home loan borrowers of shorter duration are given preferential rate
17. There are many security features which are regularly being explained and stressed to check against forged currency notes. One of then is Intaglio printing. What is it:
a. It is specialized printing of Rs.1,000 and Rs. 500 denomination currency notes
b. It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc.
c. It is printing on special printing press of RBI
d. It is printing through special inks of the security features on curency etc.
