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SSC CPO Economy Quiz 2

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SSC CPO Economy Quiz 2

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Economy is a very important subject for Railway Recruitment exams and UPSC Exams. All these questions are easily understandable format. SSC CPO Economy Quiz 2 is very useful to crack several competitive exams. Candidates can check the daily updates on SSC Official Website.

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1. Which among the following is not a correct statement?
    A. PACS provide loans to its members at village level B. In India, Maximum Cooperative societies are in agriculture sector C. Banks are allowed to give loan against their own shares D. Taccavi Loans are given at the time of the difficulties and crises

Answer: Option C
2. Which among the following is correct about an Equity Fund?
    A. It gives fixed returns B. It invests primarily in shares C. It invest in both debt and shares D. It assures growth in value

Answer: Option B
3. At which of the following levels , Central Cooperative Banks are established in India?
    A. District Level B. State Level C. Inter-state level D. India Level

Answer: Option A
4. What do we call an arrangement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to make payment to the exporter (Beneficiary)
    A. Bill of Exchange B. Letter of Exchange C. Letter of Credit D. Bill of Entry

Answer: Option C
5. From time to time, which among the following body publishes the “Exchange Control Manual” in context with the Foreign Exchange in India?
    A. Foreign Trade Promotion Board B. Department of Commerce C. Reserve Bank of India D. SEBI

Answer: Option C
6. Which among the following is the correct character of the Foreign Exchange Markets?
    A. Foreign Exchange markets are localized markets B. Foreign Exchange markets operate within a country’s time zone C. Foreign Exchange markets are dynamic and round the clock markets D. Foreign Exchange markets are used only for trade related transactions

Answer: Option C
7. When there is an inflationary trend in the economy, what would be trend in the pricing of the Bank Products?
    A. Increasing Trend B. Decreasing Trend C. Constant Trend D. There is no relevance of the inflation in pricing of the Banking Products

Answer: Option A
8. In which among the following types comes the Interest Rate Risk?
    A. Credit risk B. Credit risk C. Operational risk D. All the above categories

Answer: Option B
9. Which among the following correctly defines the Net Interest Income?
    A. Interest earned on advances B. Interest earned on investments C. Total interest earned on advances and investment D. Difference between interest earned and interest paid

Answer: Option D
10. The enactment of COFEPOSA was done in 1974 for which among the following purposes?
    A. To enable the state authorities for preventive detention B. To curb the smuggling and conserve foreign currency C. To stop the financing of terrorist activities D. Maintenance of Internal Security

Answer: Option B
11. In which year, after independence, notes in denominations of Rs. 1,000, Rs. 5,000 and Rs. 10,000 were reintroduced in India?
    A. 1947 B. 1950 C. 1952 D. 1954

Answer: Option D
12. 000, Rs. 5,000 and Rs. 10,000 were reintroduced in India?
    A. 1947 B. 1950 C. 1952 D. 1954

Answer: Option D
13. The Backward Regions Grant Fund (BRGF), which aims to catalyze development in backward areas, was approved by the CCEA in August, 2006. How many backward districts are covered under the BGRF?
    A. 200 B. 225 C. 250 D. 275

Answer: Option C
14. In bank group-wise classification, IDBI Bank Ltd has been included in which among the following?
    A. Nationalized Banks B. Private Sector Banks C. Foreign Banks D. None of them

Answer: Option A
15. In context with the banking, Inter mediation cost refers to which among the following?
    A. Payments to and provisions for employees B. Total operating expenses C. Total non-interest expenses D. None of them

Answer: Option B

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