SSC QUIZ ON ECONOMY

 1.    What are ‘Open Market Operations?

(1) Activities of SEBI – registered brokers

(2) Selling of currency by the RBI

(3) Selling of gilt- edged securities by the Government

(4) Sale of shares by FIIs

2.    Which from the following is NOT true when the interest rate in the economy goes up?

(1) Saving increases                 

(2) Lending decreases

(3) Cost of production increases          

(4) Return on capital increases

3.    Rate of interest is determined by :

(1) the rate of return on the capital invested

(2) Central government

(3) Liquidity Preference

(4) Commercial Banks

4.    ‘Interest is the reward for abstinence’ Who says this?

(1) Keynes         (2) Marshall

(3) Malthus         (4) David Ricardo

5.    Which bank was earlier called the ‘Imperial Bank of India’?

(1) RBI                (2) SBI

(3) UBI                (4) PNB

6.    The abbreviation NABARD stands for:

(1) National Bank for Agricultural and Rural Development

(2) National Bank for Agricultural Refinance and Development

(3) National Board of Agricultural Research and Development

(4) National Academy of Banking on Agricultural Research and Development

7.    It is said that ‘good banker is one who knows the distinction between Mortgage and a ….

(1) Hundi              (2) Bill of Exchange

(3) Liquid Assets  (4) Bond

8.    India’s largest Commercial Bank is :

(1) Central Bank of India

(2) State Bank of India

(3) Indian Overseas Bank

(4) Bank of India

9.    Bank deposits that can be withdrawn without notice are called:

(1) Account payee deposits                  

(2) Fixed deposits

(3) Variable deposits                 

(4) Demand deposits

10.  Which bank in India performs duties of Central Bank?

(1) Central Bank of India

(2) State Bank of India

(3) Both 1 and 2

(4) Reserve Bank of India

ANSWERS:

1.	3
2.	4
3.	4
4.	2
5.	2
6.	1
7.	3
8.	2
9.	4
10.	4