1. Which Committee has been set up to study
banking customer services by RBI?
(a) Bajpai Committee
(b) Melegam Committee
(c) Damodaran Committee
(d) Bhatt Committees
2. Six banks were nationalised because?
(a) they were grossly mismanaged
(b) the election manifest of Congress (I)
contained such a commitment
(c) the Government intended to enlarge the
flow of bank credit to the economically weaker sections of the society
(d) the measure was a part of restructuring the
Indian banking system
3. 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 countries of CIS Block
(c) the difference between the value of the
imports and exports of a country
(d) the difference between the total of
transactions with foreign countries in trade, services and capital
4. The term “bank money” is used to denote?
(a) loans and advance 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
5. More number of banks’ branches are located
in?
(a) metropolitan areas
(b) semi-urban areas
(c) urban areas
(d) rural areas
6. The term “capitalisation of reserves” is
used to denote?
(a) the use of reserves for the acquisition of
additional capital
(b) the use of reserves for paying-off loans
raised for building up fixed assets
(c) the use of reserves for issuing bonus
shares to the existing shareholders
(d) the use of reserves for the replacement of
depreciated assets
7. “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 rupee is linked
(d) the name given to a group of West European
currencies.
8. The term “hyper-inflation” is used to
denote?
(a) a situation with moderate rise in price level
(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
9. The term “hyper-employment” means?
(a) a situation where machines are used to
intensify utilisation of labour
(b) a situation where plant is used without any
rest
(c) a situation where the demand for labour
far exceeds its supply
(d) a situation where machines are substituted
for labour
10. “Hot money” means?
(a) money earned through illegal transactions
(b) money earned through speculative
transactions
(c) money used to hoard scarce commodities
(d) capital which is frequently transferred
between financial institutions in an attempt to maximize interest or capital
gain.
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