Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

TEST SERIES - 54 (I)

Total questions: 50

Worksheet time: 25mins

Name
Class
Date
1.

When did the ‘naya paisa’ introduced with the decimal system of coinage, become ‘paise’?

a)

April 1, 1957

b)

October 2, 1961

c)

June 1, 1964

d)

April 1, 1965

2.

Which of the following is the currency of Dubai?

a)

Taka

b)

Dinar

c)

Dollar

d)

Dirham

3.

Sheqel is the currency of

a)

Israel

b)

Kenya

c)

Iran

d)

Iraq

4.

The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base prices of

a)

1981-82

b)

1990-91

c)

2004-05

d)

1994-95

5.

In which year the Indian rupee was devalued two times within a month?

a)

1990

b)

1991

c)

1994

d)

1999

6.

Many a time we read a term in financial newspapers GDR. What is the full form of the same?

a)

Global Depository Receipts

b)

Global Domestic Ratio

c)

Gross Domestic Revenue

d)

Gross Depository Revenue

7.

Expand the term LIBOR

a)

London Inter-Bank Offered Rate

b)

London Inter-Bank Operational Rate

c)

London Inter-Bank Offsite Rate

d)

London Inter-Bank Onsite Rate

8.

Which of the following is not a part of India’s Money Market?

a)

Bill Markets

b)

Call Money Market

c)

Banks

d)

Indian Gold Council

9.

Devaluation of currency leads to

a)

expansion of export trade

b)

contraction of import trade

c)

expansion of import substitution

d)

All of the above

10.

Bolivar is monetary unit of

a)

Venezuela

b)

Brazil

c)

Bolivia

d)

Belarus

11.

In the paralance of economy/ commerce, what is ‘Gittedged market’?

a)

Gold and silver market

b)

Industrial securities market

c)

Market of safe (such as Government) securities

d)

Market for software technology/ service products

12.

During which Five Year Plan the price level in Indian Economy should a decline?

a)

Plan I

b)

Plan II

c)

Plan IV

d)

Annual Plans

13.

The question of full capital account convertibility of Indian Money (Rupee) was examined by the committee known as

a)

Vaghul Committee

b)

Rangrajan Committee

c)

Tarapore Committee II

d)

Hashim Committee

14.

The RBI issues currency notes under the

a)

Fixed Fiduciary System

b)

Maximum Fiduciary System

c)

Minimum Reserve System

d)

Proportional Reserve System

15.

The European Union has adopted which of the following as a common currency?

a)

Dollar

b)

Dinar

c)

Yen

d)

Euro

16.

In calculation of index of wholesale prices which one of the following sector is assigned maximum weightage?

a)

Food articles

b)

Non-food articles

c)

Fuel, power, light and lubricantsManufactured products

d)

Manufactured products

17.

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

18.

Earlier it was thought safe to allow each financial institution to carry out only one type of finance service. But now Banks are selling shares, Insurance companies can sell banking services. These new financial conglomerates are colloquially referred to as

a)

Multinationals

b)

Financial Supermarkets

c)

Market Regulators

d)

Brand Promoters

19.

SEBI bans some companies for their role in ‘F & O’ scam, was the news in some major newspapers. What is the full form of ‘F & O’?

a)

Future & Options

b)

Future & Operation

c)

Free & Operational

d)

Fair & Optimum

20.

FDI refers to

a)

Fixed Deposit Interest

b)

Fixed Deposit Investment

c)

Foreign Direct Investment

d)

Future Derivative Investment

21.

As we all know, Indian Money Market is divided in three sectors, namely organised sector, unorganised sector and co-operative sectors. Call money market is the part of which of the following?

a)

Organised Sector

b)

Unorganised Sector

c)

Co-operative Sector

d)

Both (a) and (b)

22.

Which of the following organisations is known as Market Regulator in India?

a)

IBA

b)

SEBI

c)

AMFI

d)

NSDL

23.

Which is the first Indian Company to be listed on NASDAQ?

a)

Reliance

b)

TCS

c)

HCL

d)

Infosys

24.

During period of inflation, rates should

a)

increasedecrease

b)

decrease

c)

remain constant

d)

fluctuate

25.

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)

26.

Many times we read a term ‘ECB’ in financial newspapers. What is the full form of ECB?

a)

External Commercial Borrowing

b)

External Credit and Business

c)

Essential Commercial Borrowing

d)

None of the above

27.

Which one of the following pairs is not correctly matched?

a)

Japan – Nikkei

b)

Singapore – Shcomp

c)

UK – FTSE

d)

USA – Nasdaq

28.

When decimal method was introduced in the Indian Monetary System?

a)

1950

b)

1954

c)

1957

d)

1960

29.

If over a given period of time both prices and money income have been doubled, the real income will be

a)

doubled

b)

halvedunchanged

c)

unchanged

d)

prices do not affect real income

30.

Currency notes of ` 2 denomination and above are liabilities of

a)

Government of India

b)

Reserve Bank of India

c)

State Bank of India

d)

All of the above

31.

Money Laundering normally involves

a)

placement of funds

b)

layering of funds

c)

integration of funds

d)

All of the above

32.

Devaluation usually causes the internal prices to

a)

Fall

b)

Rise

c)

Remain unchanged

d)

None of the above

33.

BSE Sensex is an index to measure ups and downs in the share market. The number of companies covered under the index are

a)

30

b)

50

c)

100

d)

150

34.

When was decimal coinage system introduced in India?

a)

1947

b)

1950

c)

1957

d)

1960

35.

Devaluation of rupee in India was first introduced in the year

a)

1949

b)

1966

c)

1972

d)

1990

36.

Currency note in India are printed and supplied by the

a)

Security Press, Nashik

b)

Reserve Bank of India, New Delhi

c)

Security Press, Mumbai

d)

Security Press, Noida

37.

Debenture holders of a company are its

a)

shareholders

b)

creditors

c)

debators

d)

directors

38.

Dinar is the currency of which of the following countries?

a)

Sudan

b)

Myanmar

c)

Afghanistan

d)

Iraq

39.

Devaluation of Rupee was last time made on

a)

July, 1991

b)

July, 1993

c)

July, 1997

d)

July, 2001

40.

Which of the following is not a speculator in the Stock Exchange?

a)

Bull

b)

Bear

c)

Broker

d)

Stag

41.

The basis of determining dearness allowance (d.a.) to Government employees in India is

a)

National Income

b)

Consumer Price Index

c)

Standard for living

d)

Per Capita Income

42.

Money multiplier in India as defined as

a)

Board Money Base Money

b)

Board Money Reserve Money

c)

Reserve Money Base Money

d)

Base Money Reserve Money

43.

Inside trading is related to

a)

Share Market

b)

Horse racing

c)

Taxation

d)

International trade

44.

Commercial paper is a source of credit for which one of the following?

a)

Corporate Industry

b)

Small Scale Industries

c)

Commercial Banks

d)

Foreign Banks

45.

The base of Consumer Price Index (CPI) for industrial workers has been shifted from 1982 to

a)

1998

b)

2000

c)

2001

d)

2002

46.

Tarapore Committee was associated with which one of the following?

a)

Special Economic Zone

b)

Fully Capital Account Convertibility

c)

Foreign Exchange Reserve

d)

Effect of oil-prices on the Indian Economy

47.

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

a)

ADR

b)

GDR

c)

SDR

d)

Both ADR and SDR

48.

How many times has the Indian Currency been devalued so far?

a)

Five times

b)

Three times

c)

One times

d)

Two times

49.

The currency of Thailand is

a)

Baht

b)

Rupiah

c)

Yuan

d)

Yen

50.

Economic growth is usually coupled with

a)

Deflation

b)

Inflation

c)

Stagflation

d)

Hyper inflation