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WorksheetsIE & IFS Quizz 1
Total questions: 58
Worksheet time: 29mins
The PM Gati Shakti Plan is related to:
Health insurance for all citizens
Digital payments and financial inclusion
Infrastructural development and connectivity
Promoting entrepreneurship and startups
What is the primary focus of the RBI section 17?
Regulating the Bank Rate Policy
Issuing licenses to banking companies
Establishing a new bank
Implementing Monetary and Credit Policy
What is the death benefit amount provided by the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?
INR 1 lakh
INR 2 lakh
II, III
I, II, III, IV
What is the Priority Sector Lending (PSL) target for Small Finance Banks (SFBs) in India?
60%
70%
75%
80%
The year 1969 is significant in the Indian banking sector due to:
The establishment of the Reserve Bank of India
The nationalization of major private sector banks
The introduction of digital banking
The establishment of Small Finance Banks
Money markets are markets for
Investing in securities with a maturity exceeding one year
Investing in securities with maturity up to one year
Investing in securities with maturity from one to five years
Investing in securities with a maturity exceeding five years
In a company's financial report, the primary deficit is calculated as:
Total Expenses - Total Revenue
Total Expenses - Total Revenue, excluding loans
Operating Deficit - Interest Payments
Operating Deficit + Interest Payments
What does the term 'Sunrise Sector’ refer to?
Sectors that are currently declining
Sectors that are expected to decline in the future
Sectors that are currently experiencing rapid growth
Sectors that have remained stagnant over a period of time
What does the abbreviation NNP stand for?
Net National Profit
Net National Product
National Net Product
National Net Profit
Who is known for coining the term ‘License Raj’ to describe the bureaucratic regulations and red tape that hindered economic growth in India?
Manmohan Singh
Jagdish Bhagwati
Amartya Sen
Jagmohan Reddy
How does the IMF categorize countries based on per capita income?
High income, Middle income, Low income
Developed, Developing, Underdeveloped
First world, Second world, Third world
North, South, East, West
What is the purpose of Priority Sector Lending Certificates (PSLCs) for banks?
To meet the minimum capital requirement
To achieve the priority sector lending target
To fulfill the statutory liquidity ratio
To determine the maximum loan limit
Who is known as the father of modern economics?
Adam Smith
John Maynard Keynes
Karl Marx
Milton Friedman
What do M1 and M2 represent in an economy?
Different measures of inflation rate
Different measures of GDP growth
Different measures of the money supply
Different measures of unemployment rate
What is the Priority Sector Lending (PSL) target for the National Bank for Financing Infrastructure and Development (NABFID) Small Finance Bank (SFB)?
50%
60%
75%
80%
What is the main focus of the SFURTI scheme?
Improving infrastructure
Promoting MSMEs
Providing unemployment benefits
Advancing agricultural technology
What is the minimum period for term deposit in a banking context?
7 days
14 days
21 days
30 days
What is the main role of Non-Banking Financial Companies (NBFCs) in the financial sector?
Issuing credit cards to customers
Managing mutual funds for investors
Offering insurance products to clients
Providing financial services to underserved segments
What happens to quantity demanded and quantity supplied when prices rise according to a typical supply-demand curve in economics?
Quantity demanded decreases and quantity supplied increases
Quantity demanded increases and quantity supplied decreases
Both quantity demanded and quantity supplied increase
Both quantity demanded and quantity supplied decrease
What are the different stages of a company's growth?
Start-up, Expansion, Maturity, Decline
Expansion, Peak, Recession, and Recovery
Inflation, Deflation, Stagflation, Recovery
Boom, Bust, Recovery, Growth
What does the term 'Secondary Territory' in marketing typically refer to?
The market segment where the business aims to be the market leader
The market segment that the business plans to enter in the future
The geographical area where a business makes the majority of its sales
The geographical area where the business has its production units
What is the formula to calculate the primary deficit?
Fiscal Deficit - Interest Payments
Fiscal Deficit + Interest Payments
Total Expenditure - Total Revenue
Total Expenditure - Total Revenue, excluding borrowing
Which organization is known by the acronym ESA?
European Space Agency
Eastern Space Association
Extraterrestrial Studies Association
Educational Space Adventures
What is the primary focus of microfinance?
Providing financial services to low-income individuals or those without access to traditional banking
Offering large loans to major corporations
Assisting the government with financial services
Supporting banks and financial institutions with financial services
What is the primary objective of Long-Term Repo Operation (LTRO) conducted by the Reserve Bank of India?
To enhance the availability of long-term credit and reduce the cost of funds
To regulate the money supply in the economy
To manage inflation
To boost economic growth
On which day is the Independence Day celebrated in India?
January 26
August 15
October 2
December 25
What is the primary purpose of venture capital?
Providing financing to early-stage, high-potential, growth startup companies
Offering loans to small businesses from banks
Allocating money to industries by the government
Contributing funds to a company by shareholders
What is the main focus of Niti Aayog's Agenda @75?
Working towards sustainable development by 2075
Commemorating 75 years of India's independence
Options II and III
All of the above
If a car worth $30,000 is insured for $25,000 and is damaged due to an accident, what would be the claim amount?
$25,000
$30,000
$27,000
$20,000
Which of the following is considered a primary financial service?
Banking
Insurance
Investment
Real Estate
What is the name of the law that regulates traffic in the United States?
The Motor Vehicle Act, 1988
The Highway Code, 1931
The Road Traffic Act, 1988
The Traffic Rules Regulation, 1990
What is the formula to calculate a country's fiscal deficit during a fiscal year?
Total income of the government minus total expenditure
Total expenditure of the government minus total income excluding borrowing
The difference between total revenue and interest payments
Total income of the government minus total expenditure excluding borrowing
What is one of the key goals set by the United Nations for sustainable development?
Net-zero carbon emissions by 2030, Adaptation, Finance, Collaboration, and Future
Net-zero carbon emissions by 2050, Mitigation, Finance, Collaboration, and Future
Net-zero carbon emissions by 2040, Adaptation, Green energy, Collaboration, and Youth involvement
Net-zero carbon emissions by 2050, Adaptation, Finance, Youth Involvement, and Future
What is the coverage amount provided by ABC Insurance Plan?
1 lakh
2 lakh
3 lakh
5 lakh
Which two years did the Banking Sector Reform Committee, following the footsteps of the Narasimham Committee, present its recommendations?
1991 and 1998
1992 and 2002
1993 and 1998
1994 and 2000
What is a Fixed-Rate Bond?
A bond that pays a fixed interest rate over a specific period of time
A bond that pays a variable interest rate based on market conditions
A bond that invests primarily in equities
A bond that invests only in government securities
What are the key factors evaluated by the CAMELs rating system for banks?
Capital adequacy, Asset quality, Management, Earnings, and Liquidity
Credit, Asset quality, Management, Equity, and Liquidity
Capital adequacy, Asset quality, Market risk, Earnings, and Liability
Credit, Asset quality, Market risk, Equity, and Liability
What is the typical duration of a bank's fixed deposit?
60, 120, 240 days
30, 90, 180 days
91, 182, 364 days
80, 160, 320 days
Which of the following is a characteristic of a Hire Purchase agreement?
Ownership of the goods is transferred after the first payment is made
The goods are repossessed if the hirer fails to pay an installment
No initial payment is required to initiate the agreement
The hirer has the right to use the goods from the beginning of the agreement
What is the purpose of Priority Sector Lending by banks in India?
To support only large scale industries
To provide credit only to the government sector
To ensure timely and adequate credit to all sectors of the economy
To exclusively cater to multinational companies
What is the term used to describe Foreign Direct Investment (FDI) where a company invests in an existing company to establish its presence in a foreign country?
Greenfield investment
Bluefield investment
Brownfield investment
Redfield investment
What is the maximum amount of money you can deposit in an ATM in a single transaction?
₹25,000
₹30,000
₹35,000
₹40,000
Which of the following is not a function of the central bank? (Select the most appropriate answer among from the given options) I. Issuing currency II. Conducting fiscal policy III. Acting as a lender of last resort IV. Regulating the banking system
A. Only I
B. Only II
C. III, IV
D. I, II, III, IV
What does the skewness of a distribution refer to?
The peak of the distribution
The symmetry or asymmetry of the distribution
The spread of the distribution
The median of the distribution
When were the Millennium Development Goals (MDGs) established?
2000
2010
2015
2020
What does the term 'chartering of currency' refer to? (Choose the most suitable option from the following) I. The act of printing money II. The legal permission to issue and circulate money III. The historical examination of a nation's currency IV. The depreciation of currency
A. Only I
B. Only II
C. II, III
D. I, II, III, IV
What is the purpose of adjusting GDP from nominal GDP to real GDP?
To account for inflation and provide a more accurate measure of economic output
To increase the rate of GD
Treasury Bills, Commercial Papers, and Certificates of Deposit are examples of: (Select the most appropriate answer among from the given options) I. Equity Instruments II. Debt Instruments III. Money Market Instruments IV. Derivative Instruments
A. Only III
B. Only IV
C. II, III
D. I, II, III, IV
The lock-in period for a Public Provident Fund (PPF) account is: (Select the most appropriate answer among from the given options) I. 3 years II. 5 years III. 7 years IV. 15 years
A. Only I
B. Only IV
C. II, III
D. I, II, III, IV
The term ‘market makers’ in financial markets refers to: (Select the most appropriate answer among from the given options) I. Investors who buy shares in large quantities II. Entities that commit to buying and selling securities to maintain liquidity in the markets III. Stock brokers who make large trades IV. Regulatory authorities who supervise the markets
A. Only I
B. Only II
C. II, III
D. I, II, III, IV
The ‘BadBank’ (NARCL) in India is set up primarily to: (Select the most appropriate answer among from the given options) I. Lend money to individuals with poor credit scores II. Assist in the resolution of bad loans in the Indian banking sector III. Provide banking services to low-income individuals IV. Operate as a non-profit bank
A. Only I
B. Only II
C. II, III
D. I, II, III, IV
GDP deflation is a process that: (Select the most appropriate answer among from the given options) I. Adjusts GDP from nominal GDP to real GDP II. Reduces the rate of GDP growth III. Reduces the total GDP of a country IV. Increases the GDP per capita
A. Only I
B. Only II
C. II, III
D. I, II, III, IV
The Malegam Committee, established by the Reserve Bank of India, was related to: (Select the most appropriate answer among from the given options) I. Non-performing assets of public sector banks II. Licensing of new banks III. Microfinance institutions IV. Financial inclusion
A. Only I
B. Only II
C. Only III
D. I, II, III, IV
The Banking Regulation Act of 1949 provides the legal framework for: (Select the most appropriate answer among from the given options) I. Formation of new banks II. Regulation of foreign banks in India III. Supervision and control of banking operations in India IV. All of the above
A. Only I
B. Only II
C. Only IV
D. I, II, III, IV
In India, the most common types of aircraft lease are:
Wet lease and dry lease
Operating lease and finance lease
Direct lease and sale and leaseback
Single lease and sublease
The NITI Aayog was established to replace which organization?
Reserve Bank of India
Finance Commission of India
Planning Commission of India
Securities and Exchange Board of India
The money multiplier in economics refers to: (Select the most appropriate answer among from the given options) I. The rate of interest on money II. The amount of money generated by the banking system with each unit of reserves III. The ratio of total money in the economy to the amount of cash IV. The ratio of cash reserves to deposit liabilities
A. Only I
B. Only II
C. II, III
D. I, II, III, IV
The Atal Pension Yojana (APY) scheme offers a guaranteed minimum pension of: (Select the most appropriate answer among from the given options) I. Rs. 1000 per month II. Rs. 2000 per month III. Rs. 3000 per month IV. Rs. 5000 per month
A. Only I
B. Only II
C. II, III
D. I, II, III, IV
