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Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 29-05-2023

Swati Mahendras

 



Dear Readers,

Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness Quiz on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.

1-GDP stands for:

рдЬीрдбीрдкी рдХा рдорддрд▓рдм рд╣ै

a) Gross Domestic Profit

b) Gross Domestic Product

c) Gross Domestic Performance

d) Gross Domestic Protocol

Answer: b

2-Which organization is responsible for issuing currency notes in India?

рднाрд░рдд рдоें рдоुрдж्рд░ा рдиोрдЯ рдЬाрд░ी рдХрд░рдиे рдХे рд▓िрдП рдХौрди рд╕ी рд╕ंрд╕्рдеा рдЬिрдо्рдоेрджाрд░ рд╣ै?

a) Reserve Bank of India (RBI)

b) Securities and Exchange Board of India (SEBI)

c) State Bank of India (SBI)

d) Ministry of Finance

Answer: a

3-Inflation is defined as a sustained increase in the general _______ level.

рдоुрдж्рд░ाрд╕्рдлीрддि рдХो рд╕ाрдоाрди्рдп _______ рд╕्рддрд░ рдоें рдиिрд░ंрддрд░ рд╡ृрдж्рдзि рдХे рд░ूрдк рдоें рдкрд░िрднाрд╖िрдд рдХिрдпा рдЧрдпा рд╣ै।

a) Price

b) Wage

c) Interest

d) Production

Answer: a

4-The fiscal year in India starts from:

рднाрд░рдд рдоें рд╡िрдд्рддीрдп рд╡рд░्рд╖ рд╢ुрд░ू рд╣ोрддा рд╣ै:

a) January 1st

b) April 1st

c) July 1st

d) October 1st

Answer: b

5-What is the main objective of the Goods and Services Tax (GST) in India?

рднाрд░рдд рдоें рд╡рд╕्рддु рдПрд╡ं рд╕ेрд╡ा рдХрд░ (GST) рдХा рдоुрдЦ्рдп рдЙрдж्рджेрд╢्рдп рдХ्рдпा рд╣ै?

a) To reduce corruption

b) To promote export-oriented industries

c) To simplify the tax structure

d) To control inflation

Answer: c

6-What does the abbreviation FDI stand for in the context of the Indian economy?

рднाрд░рддीрдп рдЕрд░्рдерд╡्рдпрд╡рд╕्рдеा рдХे рд╕ंрджрд░्рдн рдоें FDI рдХा рд╕ंрдХ्рд╖िрдк्рдд рдиाрдо рдХ्рдпा рд╣ै?

a) Foreign Development Investment

b) Fiscal Development Initiative

c) Financial Debt Instrument

d) Foreign Direct Investment

Answer: d

7-The Reserve Bank of India (RBI) is responsible for:

рднाрд░рддीрдп рд░िрдЬрд░्рд╡ рдмैंрдХ (RBI) рдЗрд╕рдХे рд▓िрдП рдЬिрдо्рдоेрджाрд░ рд╣ै:

a) Controlling fiscal policies

b) Regulating the stock market

c) Ensuring price stability and monetary policy

d) Managing foreign trade agreements

Answer: c

8-Which of the following is considered a direct tax in India?

рдиिрдо्рдирд▓िрдЦिрдд рдоें рд╕े рдХिрд╕े рднाрд░рдд рдоें рдк्рд░рдд्рдпрдХ्рд╖ рдХрд░ рдоाрдиा рдЬाрддा рд╣ै?

a) Goods and Services Tax (GST)

b) Corporate tax

c) Customs duty

d) Excise duty

Answer: b

9-The Prime Minister's Economic Advisory Council (PMEAC) provides advice to the:

рдк्рд░рдзाрди рдоंрдд्рд░ी рдХी рдЖрд░्рдеिрдХ рд╕рд▓ाрд╣рдХाрд░ рдкрд░िрд╖рдж (PMEAC) рдиिрдо्рдирд▓िрдЦिрдд рдХो рд╕рд▓ाрд╣ рджेрддी рд╣ै:

a) President of India

b) Prime Minister of India

c) Finance Minister of India

d) Reserve Bank of India (RBI)

Answer: b

10-Which of the following is a component of the Money Supply (M3) in India?

рдиिрдо्рдирд▓िрдЦिрдд рдоें рд╕े рдХौрди рд╕ा рднाрд░рдд рдоें рдоुрдж्рд░ा рдЖрдкूрд░्рддि (M3) рдХा рдПрдХ рдШрдЯрдХ рд╣ै?

a) Currency with the public

b) Time deposits with banks

c) Demand deposits with banks

d) All of the above


Answer: d

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