GATEWAY TO CGL MAINS 2015 : ECONOMICS QUIZ

1.The first indigenous bank which came into existence in 1894 was
A.Central Bank of India
B.Punjab National Bank
C.Reserve Bank of India
D.Imperial Bank of India

2.The Export Import (EXIM) Bank was set up in
A.1980
B.1982
C.1981
D.1989

3.The National Bank of Agriculture & Rural Development (NABARD) was set up in
A.1979
B.1980
C.1981
D.1982

4.Gilt-edged market means
A.bullion market
B.market of government securities
C.market of guns
D.market of pure metals

5.Devaluation of a currency means
A.reduction in the value of a currency vis-a-vis major internationally traded currencies
B.permitting the currency to seek its worth in the international market
C.fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
D.fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

6.India changed over to the decimal system of coinage in
A.April 1995
B.April 1957
C.April 1958
D.April 1959

7.Gross domestic capital formation is defined as
A.flow of expenditure devoted to increased or maintaining of the capital stock
B.expenditure incurred on physical assets only
C.production exceeding demand
D.net addition to stock after depreciation

8.Which of the following items would not appear in a company's balance sheet?
A.Value of stocks of raw materials held
B.Total issued capital
C.Revenue from sales of the company's products
D.Cash held at the bank

9.The first wholly Indian Bank was set up in
A.1794
B.1894
C.1896
D.1902

10.States earn maximum revenue through
A.land revenue
B.custom revenue
C.commercial taxes
D.excise duties on intoxicants

ANSWERS KEY:
1- (B)
2- (B)
3- (D)
4- (B)
5- (A)
6- (B)
7- (D)
8- (C)
9- (B)
10-(C)