BANKING RELATED ECONOMICS QUESTIONS SET 1

1. Q. The term “paper-gold” is associated with

A. Special Drawing Rights (SDRs) from the IMF.

2. Q. TRAI refers to

A. Telecommunication Research Authority of India.

3.Q. “Disguised Unemployment” means

A. More persons employed for a job that only a few could accomplish

4. Q. BIFR stands for

A. Board of Industrial and Financial Reconstruction

5. Q. National Remote Sensing Agency (NRSA) is located at

A. Hyderabad

6. Q. Professor Amartya Sen is the _____ Indian to win a Noble Prize

A. Sixth

7. Q. Operation Flood-II, the prestigious milk products revolution of India was initiated on

A. October 2, 1979

8. Q. Operation Flood is related to _____ whereas development of fisheries is related to _____

A. White revolution, Blue Revolution

9. Q. “Mixed Farming” refers to

A. Agriculture and dairy farming clubbed together

10. Q. According to Census-2001 the density of population in India is around

A. 324

11. Q. NPA stands for

A. Non Performing Assets

12. Q. What is common in IRDP, JRY, DDP, DPAP?

A. These are the schemes initiated by the central government for eliminating poverty and unemployment in the rural areas

13. Q. The World Bank, also known as the International Bank of Reconstruction and Development is located at

A. Washington

14. Q. Perfect Competition is said to exist if

A. Every firm in the industry accepts the market price because it has to

15. Q. A firm would be optimum size if

A. Average total cost is minimum

16. Q. The Two –gaps theory refers to

A. Savings gap and exchange gap

17. Q. The costs, which vary with the output, are termed as

A. Overhead costs

18. Q. If the demand and supply schedules for a commodity increases by an equal amount, the market price would tend to

A. Remain unchanged

19. Q. Customs duties, export duties, corporation taxes, taxes on capital value of assets (excluding agricultural land of individuals and companies) are

A. Taxes and duties which accrue wholly to the central government.

20. Q. Deflation means

A. A contraction in the volume of money or credit that results in a decline of price level.