CHAPTER-WISE ECONOMICS MULTIPLE CHOICE QUESTIONS AND ANSWERS WA N
PRESENTED BY THAKUR VIKAS TOMAR AT PRESENT- FACULTY OF G.S. IN MUKHARJEE NAGAR EXAMS QUALIFIED-UPSC (PRE+MAINS)UPPSC EDUCATIONAL QUALIFICATION- NEW DELHI erms SSC,BANK PO ,LIC etc. # NPA MUDRA Bm GRADUATION-BBA POST GRADUATION PGDMM(A.M.U) M.A(ECONOMICS) M.COM PURSUING LLB 06z # ue TEACHING EXPERIENCE 8+Years) unacabem KD CAMPUS,CAREER POWER PIONEER,MAHENDRA ETC My Unacademy Profile https://unacademy.com/user/VikasThakur@05
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QUESTION & ANSWER
PREVIOUS YEAR QUESTION (BASED ON MEMORY) Q. Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called ? 1) Statutory Liquidity Ratio 2) Cash Reserve Ratio 3) Bank Deposit 4) all of the above 5) None of these:
PREVIoUS YEAR QUESTION (BASED ON MEMORY) Interest on Savings deposit nowadays is 1) Fixed by RBI 2) Fixed by the respective Banks 3) Fixed by the Depositors 4) Fixed as per the contract between Bank and the Consumer Court 5) Not paid by the Bank
PREVIOUS YEAR QUESTION (BASED ON MEMORY) Q.A money deposited at a bank as Term deposit that cannot 1) 2) 3) 4) 5) be withdrawn for a particular time period? Checking Account Savings Bank Deposit No Frills Account Current Deposit None of these Fixed deposits is deposited for a particular time period, ranging from 7 days to 10 years.
PREVIOUS YEAR QUESTION (BASED ON MEMORY) Q. Nationalization of banks aimed at all of the following except? 1) Provision of adequate credit for agriculture -SME and Export 2) Removal of control by a few capitalists 3) Provision of credit to big industries only 4) Access of banking to masses 5) Encouragement of a new class of entrepreneurs Nationalization of bank was done basically for removing regional disparity and encouraging access of masses.
PREVIOUS YEAR QUESTION (BASED ON MEMORY) Q. Axis Bank is a - 1) Private Sector Bank 2) Co-operative Bank 3) Foreign Bank 4) Gramin Bank 5) Public Sector Bank
PREVIOUS YEAR QUESTION (BASED ON MEMORY) Q. Which of the following statement is true? 1) Banks cannot accept demand and time deposits from public. 2) Banks can accept only demand deposits from public. 3) Banks can accept only time deposits from public. 4) Banks can accept demand and time deposits from public. 5) Banks can accept both demand and time deposits from RBl
PREVIOUS YEAR QUESTION (BASED ON MEMORY) Q. Fixed deposits and recurring deposits are 1) Repayable after an agreed period. 2) Repayable on demand 3) Not repayable. 4) Repayable after death of depositors. 5) Repayable on demand or after an agreed period as per bank's choice.
PREVIOUS YEAR QUESTION (BASED ON MEMORY) Q. Interest on savings account is paid on which basis? 1. Yearly 2. Quarterly or less. 3. Only Monthly basis 4. Only Weekly basis 5. daily basis banks pay interest on savings bank accounts on a quarterly basis or shorter duration
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Vikas Kumar Singh Tomar
Faculty of GA&GS in Delhi Since 2010.Selected in LIC(ADO),BankPO,CGL.2 Times Mains in CSE.Founder:-GovtJobsAcademy @Youtube/Telegram/FB/Web.