• Economics Quiz – 7

    61 RBI carries out open market operations (OMO), which means?
      A) Issuance of different types of bonds
      B) Sale or purchase of government securities
      C) Sale of US Dollars
      D) Issuance of currency notes
       
    62 Sub-prime refers to?
      A) Lending done by banks at rates below PLR
      B) Lending to the people who are high value customers
      C) Lending to those who are not regular customers of a bank
      D) Lending done by banks to customers not meeting with normally required credit appraisal standards
       
    63 The ability of an asset to be converted into cash quickly is called?
      A) Credit
      B) Cash crunch
      C) Liquidity
      D) Marketability
       
    64 If the RBI increases CRR, what immediate impact will it have on the functioning of banks?
      A) Banks will have to give more funds to priority sector
      B) Banks will have to give less funds to corporate sector
      C) Banks will have to raise their capital base by taking money from the government
      D) Banks will have to lock some additional funds with the RBI
       
    65 A rise in price of one commodity will induce a fall in demand of another commodity, then the commodities are___?
      A) Complimentary
      B) Supplementary
      C) Not related
      D) None of these
       
    66 Which in the below list can be considered to be the  best measure of an increase  of a country’s economic efficiency?
      A) Increase in Inflation and Investment
      B) Increase in real national income
      C) Increase in real per capita income
      D) Increase in real GDP growth
       
    67 Ad Valorem Tax is levied on the basis of which in the below list of parameters?
      A) Volume
      B) Value
      C) Production
      D) Export
       
    68 A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is calculted by ____________ ?
      A) Net Capital Flow
      B) Capital Account
      C) Balance of Trade
      D) Balance of Payment
       
    69 Capitalism is based upon “Laissez-faire system”. What is “Laissez-faire system”?
      A) No governmental intervention
      B) Maximum governmental intervention
      C) Limited government Intervention
      D) None of These
       
    70 Those goods which have positive relationship between price and quantity demanded are called as ___________.
      A) Capital Good
      B) Essential Goods
      C) Giffen Good
      D) Supplementary Goods

     

    Check below for Answers:

     

     

     

     

     

     

     

     

     

    Answers:

    61 Ans) Sale or purchase of government securities
    62 Ans) Lending done by banks to customers not meeting with normally required credit appraisal standards
    63 Ans) Liquidity
    64 Ans) Banks will have to lock some additional funds with the RBI
    65 Ans) Complimentary
    66 Ans) Increase in real per capita income
    67 Ans) Value
    68 Ans) Balance of Payment
    69 Ans) No governmental intervention
    70 Ans) Giffen Good

     

    To check all the Economics related quiz: http://crackmba.com/category/quiz/economics-quiz/

    Post Tagged with ,
Comments are closed.