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Banking Awareness Quiz – Set 50

By
Aruna
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Hello Aspirants, 
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

  1. What is Gross Domestic Product(GDP)?
    A. It is the market value of all final goods and services made in the country.
    B. It is the Cost production of all final goods and services made in the country.
    C. It is the Cost services of all final goods and services made in the country.
    D. It is the market value of all final goods and services made within the borders of a country in a year.
    D. It is the market value of all final goods and services made within the borders of a country in a year.
    Explanation:
    GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over a specified period of time.

  2. Which of the following is one of the measures of economic growth of a country?
    A. Gross Domestic Product of Nation
    B. Volume of direct investment made by foreign countries
    C. Number of companies listed on the stock exchanges
    D. All of the Above
    A. Gross Domestic Product of Nation
    Explanation:
    Gross Domestic Product (GDP) is the broadest quantitative measure of a nation’s total economic activity.

  3. Mixed economy means ______
    A. Co-existence of small and large industries
    B. Co-existence of public and private industries
    C. Co-existence of the rich and poor
    D. Promoting both agriculture and industries in the economy
    B. Co-existence of public and private industries
    Explanation:
    All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.

  4. What is a Green Index?
    A. It measures the nation’s wealth according to GNP per Capita
    B. It measures the nation’s wealth according to GDP per Capita
    C. It measures nation’s wealth according to provisions of control on greenhouse gases
    D. It measures the nation’s wealth in terms of coverage of forest area.
    C. It measures nation’s wealth according to provisions of control on greenhouse gases
    Explanation:
    Green Gross Domestic Product (Green GDP) is an index of economic growth with the environmental consequences of that growth factored into a country’s conventional GDP.

  5. What is Gross National Product(GNP)?
    A. It is the market value of all final goods and services produced in one year by country’s residents
    B. It is the Cost production of all final goods and services made in the country.
    C. It is the Cost services of all final goods and services made in the country.
    D. It measures nation’s wealth according to provisions of control on greenhouse gases
    A. It is the market value of all final goods and services produced in one year by country’s residents
    Explanation:
    Gross national product (GNP) is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country.

  6. Rupee coins are the legal tender in India under the provisions of _________
    A. Banking Regulation Act, 1949
    B. Reserve Bank of India Act, 1934
    C. Negotiable Instruments Act, 1881
    D. Indian Coinage Act, 1906
    D. Indian Coinage Act, 1906
    Explanation:
    The Government of India has the sole right to mint coins. The responsibility for coinage vests with the Government of India in terms of the Coinage Act, 1906 as amended from time to time. The designing and minting of coins in various denominations is also the responsibility of the Government of India.

  7. Currency notes are printed at four printing presses located at _________
    A. Mumbai, Noida, Kolkata and Chennai.
    B. Nashik, Dewas, Mysore and Bengaluru.
    C. Mumbai, Noida, Kolkata and Hyderabad.
    D. Nashik, Dewas, Mysore and Salboni.
    D. Nashik, Dewas, Mysore and Salboni.
    Explanation:
    Currency notes are printed at the Currency Note Press in Nashik, the Bank Note Press in Dewas, the Bharatiya Reserve Bank Note Mudran (P) Ltd at Salboni and Mysore.

  8. Coins are minted at the four mints located at _________
    A. Mumbai, Noida, Kolkata and Chennai.
    B. Nashik, Dewas, Mysore and Bengaluru.
    C. Mumbai, Noida, Kolkata and Hyderabad.
    D. Nashik, Dewas, Mysore and Salboni.
    C. Mumbai, Noida, Kolkata and Hyderabad.
    Explanation:
    Under The Coinage Act, 1906, the Government of India is charged with the production and supply of coins to the Reserve Bank of India (RBI). Coins are minted at the four mints at Mumbai, Noida, Kolkata and Hyderabad.

  9. All coins that are minted in Noida has _______
    A. Dot
    B. Star
    C. Diamond
    D. No mark
    A. Dot
    Explanation:
    Each coin minted in India has a special mint mark on it to identify the mint. Noida mint has a dot under the date of the coin

  10. All coins that are minted in Mumbai has _______
    A. Dot
    B. Star
    C. Diamond
    D. No mark
    C. Diamond
    Explanation:
    Each coin minted in India has a special mint mark on it to identify the mint. Mumbai mint has a Diamond symbol under the date of the coin.





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