Economics Quiz for SSC CGL

Q1. When we talk of smart money what are we referring to?
(a) internet banking
(b) FDRs in banks
(c) credit cards
(d) demand drafts of banks

Q2. RTGS stands for…………?
(a) Real Time Gross Settlements
(b) Reduced Time Gross Settlements
(c) Relative Time Gross Settlements
(d) Real Total Gross Securities

Q3. Many times we read about ‘Hawala’ transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts?
(a) Fiscal Responsibility and Budget Management Act
(b) Banking Regulation Act
(c) Financial Action Task Force Act
(d) Foreign Exchange Management Act

Q4. The difference between visible exports and visible imports is defined as………?
(a) Balance of trade
(b) Balance of payments
(c) Balanced terms of trade
(d) Gains from trade
Q5. In which year was World Bank formed?
(a) 1945
(b) 1956
(c) 1960
(d) 1988
Q6. PMJDY scheme of government has been recognized by Guiness Book of World Record for –
(a) Most bank accounts opened
(b) Most bank accounts opened in a single week
(c) Most bank accounts opened in a month
(d) All of the above

Q7. How many banks were nationalised in the second phase in 1980?
(a) 5
(b) 6
(c) 7
(d) 4

Q8. What is the slogan of PMJDY?
(a) Mera Khata Bhagya Vidhata
(b) Sabke Saath Sabke Vikash
(c) Aapka paisa, Aapke haath
(d) Hum Appke, Saath hai

Q9. What is the full form of SARFAESI Act?
(a) Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
(b) Securitization and Restructurization of Financial Assets and Enforcement of Security Interest
(c) Securitization and Reconstruction of Financial Assets and Enforcement of Securitization Interest
(d) All of the above

Q10. Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short-term securities as a reserve all the time in RBI. In Banking World this is known as?
(a) CRR
(b) Fixed Asset
(c) SLR
(d) PLR
Q11. What is the full form of the term ‘NPA’ as used in banking environment?
(a) Not Profitable Assets
(b) New Potential Accounts
(c) Non Performing Assets
(d) Net Performing Assets

Q12. Mother mortality rate is defined as
(a) No of death of maternal mother per one 10000 population
(b) No of death of maternal mother per one lakhs population
(c) No of death of maternal mother per one 1000 population
(d) none of these
Q13. Which one of the following factors is taken into account to calculate the Balance of Payment (BOP) of a country ?
(a) Current Account
(b) Changes in the Foreign Exchange Reserves
(c) Errors and Omissions
(d) All of the above
Q14. Which one of the following is the proposed currency of the Gulf Cooperation Council (GCC)?
(a) Khaleeji
(b) Sucre
(c) Minar
(d) None of these
Q15. Which one among the following is the total amount of money available in an economy at a specific time?
(a) Near money
(b) Narrow money
(c) Money volume
(d) Money stock
                         
   

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