General Knowledge for SSC CGL & Railway Exam

some Important questions on Indian Economy

1. Inflation is caused by:

a) Increase in supply of goods               

b) Increase in cash with the government              

c) Decrease in money supply        

d) Increase in money supply

2. What is the name given to the common currency of the European Union?

a) Rupee                

b) Rouble              

c) Franc         

d) Euro

3. Full convertibility of a rupee means:

a) purchase of foreign exchange for rupees freely                

b) Payment for imports in terms of rupees              

c) Repayment for imports in terms of rupees         

d) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

4. The present Indian monetary system is based on:

a) Gold reserve system                

b) Proportional reserve System              

c) Convertible Currency System        

d) Minimum reserve System

5. The RBI issues currency notes under the:

a) Fixed Fiduciary System               

b) Maximum Fiduciary System               

c)Minimum Reserve System        

d) Proportional reserve system

6. During period of inflation, rates should:

a) Increase                                          

b) decrease              

c) remain constant                          

d) fluctuate

7. Foreign investment in India are normally known as………….

a) FDI                    

b)CII                      

c) SFI                

d) SME

8. The stock market index of London stock Market is referred as :

a) Sensex                            

b) NIFTY              

c) footsic (FTSE)               

d) Bullish               

e) None of these

9. Which of the following is NOT a mode of foreign capital inflow to India?

a) FDI                    

b)FPI                     

c) NRI Accounts        

d) No- Frills Accounts         

e) All these are valid foreign capital inflow

10. Which of the following is the regulator of the credit rating agencies in India?

a) RBI                   

b) SBI                    

c) SIDBI                 

d) SFBI

11. Inflation in India is measured on which of the following indexes/ indicators?

a) Cost of Living Index (CLI) 

b) Consumer Price index (CPI)              

c) Gross Domestic Product (GDP)        

d) Wholesale Price Index (WPI)

e) None of these

12. What was the Saudi Arabian currency called?

a) Dirham                

b) Peso               

c) dinar         

d) riyal

13. Which of the following is NOT a speculator in the Stock Exchange?

a) Bull                         

b) Bear               

c) Broker        

d) Stag

14. The headquarter of RBI is situated at:

a) Delhi                                                 

b) Kolkata         

c) Chennai                                           

d)Mumbai

15. Which of the following is/are treated as artificial currency?

a) ADR                                                  

b) GDR              

c) SDR                                                   

d) Both ADR and SDR

16. Economic growth is usually coupled with:

a) Deflation                                        

b) Inflation              

c) Hyper inflation                             

d) Stagflation

17. Green banking means:

a) Development of forestry by banks               

b) Financing of environmental friendly projects by bank               

c) Financing of irrigation projects by banks          

d) None of these

18. The head office of the State Bank of India (SBI) is located in:

a) Kolkata                

b) New Delhi              

c) Pune         

d) Ahmedabad       

e) Mumbai

19. Before opening a new branch of a bank, banks are required to take mandatory permission/ license from……….

a) Reserve Bank of India               

b) Indian Bank Association              

c) Securities and Exchange Board of India        

d) State Government

e) None of these

20. Many a time we hear about NPA in banking terminology. What is the full form of NPA?

a) Non- Performing Assets                

b) Negotiable and Preferential Assets             

c) New Performing Avenues          

d) Net performing average

e) Not Presentable Applications

Answer

1.       D

2.       D

3.       D

4.       D

5.       C

6.       A

7.       A

8.       C

9.       E

10.   D

11.   D

12.   D

13.   D

14.   D

15.   C

16.   B

17.   B

18.   E

19.   A

20   A