Economics Quiz for SSC and Railways Exams

economics
Q1. Deposits having a fixed period to maturity are referred as -
1. Duration deposits
2. Time deposits
3. Both of above
4. None of these


Q2. Currency notes and coins are popularly termed as -
1. White money
2. Black money
3. Flat money
4. None of these

Q3. Goods that are of durable nature and are used in the production process are known as -
1. Capital goods
2. District goods
3. Both of above
4. None of these

Q4. What is cash Reserve Ratio ?
1. Cash Reserve Ratio is the fraction of deposits of commercial banks must keep with SBI.
2. Cash Reserve Ratio is the fraction of deposits of commercial banks must keep with RBI.
3. Cash Reserve Ratio is the fraction of deposits of commercial banks must keep with ICICI
4. None of these

Q5. What is cdr or the Currency Deposit Ratio ? -
1. The Currency Deposit Ratio is the ratio of money held by the public in currency to that they hold in bank deposits.
2. The Currency Deposit Ratio is the ratio of money held by the public in currency to that they hold in Post Office deposits.
3. Both of above
4. None of these

Q6. In India, the currency notes are issued by -
1. SBI
2. RBI
3. ICICI
4. None of these

Q7. What are consumption goods ?
1. Goods that are consumed when purchased by thier ultimate consumer are known as consumption goods.
2. Goods that are consumed when purchased by thier ultimate consumer are known as Complexity goods.
3. Both of above
4. None of these

Q8. What is High Powered Money ?
1. The total liability of the monetary authority of the country, SBI, is called the Monetary Base or High Powered Money.
2. The total liability of the monetary authority of the country, ICICI, is called the Monetary Base or High Powered Money.
3. The total liability of the monetary authority of the country, RBI, is called the Monetary Base or High Powered Money.
4. None of these

Q9. What is narrow money ?
1. Currency notes plus coins held by public, demand deposits held by commercial banks and saving deposits with the Post Office saving banks are termed as board money
2. Currency notes plus coins held by public, demand deposits held by commercial banks and saving deposits with the Post Office saving banks are termed as narrow money.
3. Both of above
4. None of these

Q10. Most commonly used measured of money supply is -
1. Net time deposits of the commercial banks+ currency and coins held by public + demand deposits held by the commercial banks. It is also known as aggregate money resources.
2. Net time deposits of the commercial banks+ currency and coins held by public + demand deposits held by the commercial banks. It is also known as aggregate time resources.
3. Net time deposits of the commercial banks+ currency and coins held by public + demand deposits held by the commercial banks. It is also known as aggregate monetary resources.
4. None of these

Q11. The balance in saving, or current account deposits, held by public in commercial banks, and used for setting transactions by means of drawing cheque etc, are known are -
1. Demand deposits
2. Requested deposits
3. Application deposits
4. None of these

Q12. What is depreciation ?
1. The deletions, which is made from the value of gross investment in order to accomodate regular wear is called depreciation.
2. The deletions, which is made from the interest of gross investment in order to accomodate regular wear and tear of capital is called depreciation.
3. The deletions, which is made from the value of gross investment in order to accomodate regular wear and tear of capital is called depreciation.
4. None of these

Q13. What is Statuary Liquidity Ratio ?
1. Banks are required to maintain a given fraction of their total demand and time deposits in form of specified liquid assets which is known as Statuary Liquidity Ratio.
2. Banks are required to maintain a given fraction of their total wish and time deposits in form of specified liquid assets which is known as Statuary Liquidity Ratio.
3. Banks are required to maintain a given fraction of their total need and time deposits in form of specified liquid assets which is known as Statuary Liquidity Ratio.
4. None of these

Q14. New capital formation or net investment is measured as -
1. Enough investment = Gross investment-Depreciation
2. Net investment = Gross investment-Depreciation
3. Below investment = Gross investment-Depreciation
4. None of these

Q15. The coins are issued by -
1. Government of Bangladesh
2. Government of India
3. Government of Pakistan
4. Government of Sri Lnaka

Answers

1. Time deposits
2. Flat money
3. Capital goods
4. Cash Reserve Ratio is the fraction of deposits of commercial banks must keep with RBI.
5. The Currency Deposit Ratio is the ratio of money held by the public in currency to that they hold in bank deposits.
6. RBI
7. Goods that are consumed when purchased by thier ultimate consumer are known as consumption goods.
8. The total liability of the monetary authority of the country, RBI, is called the Monetary Base or High Powered Money.
9. Currency notes plus coins held by public, demand deposits held by commercial banks and saving deposits with the Post Office saving banks are termed as narrow money.
10. Net time deposits of the commercial banks+ currency and coins held by public + demand deposits held by the commercial banks. It is also known as aggregate monetary resources.
11. Demand deposits
12. The deletions, which is made from the value of gross investment in order to accomodate regular wear and tear of capital is called depreciation.
13. Banks are required to maintain a given fraction of their total demand and time deposits in form of specified liquid assets which is known as Statuary Liquidity Ratio.
14. Net investment = Gross investment-Depreciation
15. Government of India

Join 40,000+ readers and get free notes in your email

0 comments:

Post a Comment

Thanks for commenting. It's very difficult to answer every query here, it's better to post your query on IBPSToday.com