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WorksheetsTHE BANKING UPDATES QUIZ 5/2023-24
Total questions: 22
Worksheet time: 8mins
Name
Class
Date
1.
NAME
4 lines
2.
BANK NAME
4 lines
3.
1. 10 rupees coins were first issued in India in which year?
a)
2001
b)
2005
c)
2009
d)
2012
4.
2. Year of printing in Rs.200 note is written on which part of the note?
a)
Right of front
b)
Right of reverse
c)
Left on reverse
d)
Centre on reverse
5.
3. The members of Monetary Policy Committee in India need to observe a "silent period" of_________ for "utmost confidentiality" of key policy rates.
a)
Seven days before and after the rate decision
b)
Seven days before the rate decision
c)
Three days before the rate decision
d)
Three days before and after the rate decision
6.
4. RBI shall organise at least _________ meetings of the Monetary Policy Committee in a year.
a)
Six
b)
Three
c)
Four
d)
Two
7.
5. Which of the following institute is not a part of World Bank Group?
a)
IBRD
b)
International Development Association
c)
Multilateral Investment Guarantee Agency (MIGA)
d)
International Monetaer Fund
8.
6.India’s foreign exchange rate system is _______
a)
Fixed target of band
b)
Free float
c)
Fixed system
d)
Managed float
9.
7.The responsibility for administration of of FEMA is vested with ________
a)
Central Govt
b)
All State Govts
c)
RBI
d)
SEBI
10.
8.Which of the following is known as the paper gold?
a)
Bitcoin
b)
USD
c)
Demand Draft
d)
special drawing right
11.
9. What is the full form of IMS?
a)
International monetary source
b)
International monetary system
c)
International monetary structure
d)
International monetary society
12.
10.Which of the following statements is correct?
a)
Every member country of the IMF automatically becomes the member of the World Bank
b)
The World Bank has 45 founder members
c)
India is not the founding member of the World Bank
d)
IMF is the part of World Bank group
13.
11.Which of the following is not matched correctly?
a)
IBRD (estd.)--->1945
b)
IFC (estd.)--->1948
c)
IDA (estd.)--->1960
d)
MIGA (estd.)--->1988
14.
12.Which of the following statements is not correct?
a)
Both the IMF & IBRD have headquarters in Washington
b)
ICSID is the constituent organisation of the World Bank Group
c)
India's vote share in the International Monetary Fund is 10%
d)
None of these
15.
13.Which of the following is not the function of the World Bank?
a)
To provide long term loan to the member countries
b)
To provide loan to private investors belonging to member countries on its own guarantee
c)
To ensure exchange rate stability
d)
To provides loan mainly for productive activities
16.
14.What would be the overall effect on aggregate output if there is an increase in the planned investment spending?
a)
The aggregate output will increase by an amount that is less than the change in investment spending
b)
The aggregate output will increase by an amount that is greater than the change in investment spending
c)
The aggregate output will increase by an amount that is equal to the change in investment spending
d)
The aggregate output will decrease by an amount that is less than the change in investment spending
17.
15.Which of the following is the reason for the downward shape of the production possibility curve?
a)
Opportunity cost is negative
b)
Opportunity cost is increasing
c)
Opportunity cost is decreasing
d)
None of these
18.
16. Which was the first country to adopt Bitcoin as legal tender?
a)
Tuvalu
b)
El Salvador
c)
Chile
d)
Nauru
19.
17.Euro is used as a currency in how many countries?
a)
20
b)
27
c)
14
d)
17
20.
18. Who is the current managing director (MD) and chairwoman of the IMF?
a)
Ajay Banga
b)
Kristalina Georgieva
c)
Dominique Strauss-Kahn
d)
Jim Yong Kim
21.
19. Which of the following country is not a shareholding member of New Development Bank?
a)
Russia
b)
Bangla Desh
c)
UAE
d)
None of these
22.
20. Which of the following is imprinted on Rs.2000 note?
a)
Motif of Chandryan II
b)
Mangalyaan
c)
Gaganyaan
d)
Wheels of Konark
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