Macro economics is also known as __________.

(a)

Price theory

(b)

Income theory

(c)

Business cycle

(d)

Poverty and unemployment

Father of socialism _________.

(a)

Adamsmith

(b)

J.M. Keynes

(c)

Karl Marx

(d)

J.R. Hicks

Combination of both capitalism and socialism ________.

(a)

Capitalist Economy

(b)

Traditional Economy

(c)

Mixed Economy

(d)

Socialist Economy

_________ sector sells the entire output to house holds.

(a)

Firm

(b)

House hold

(c)

Government

(d)

Foreign trade

________ is a combination of both capitalism and socialism.

(a)

Socialistic economy

(b)

Capitalistic economy

(c)

Traditional economy

(d)

Mixed economy

Demand pull inflation results from

(a)

demand for government spending on public goods goes down due to lack of financial backup through tax collection

(b)

consumer, business, and government demand for goods and services in excess of an economy's capacity to produce.

(c)

a shortage of demand for good and services in excess of supply during depression

(d)

demand for public goods is greater than demand for consumer goods

Match the correct codes

1	MV = PT	i	Fisher’s Quantity Theory of Money:
2	Revised equation of fisher	ii	PT = MV + M1V1
3	Marshall’s Equation	iii	M = KPY
4	Keynes equation	iv	n = pk (or) p = n / k

(a)

(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)

(b)

(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)

(c)

(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)

(d)

(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)

A large number of central banks were established between______

(a)

1911 - 1940

(b)

1921 - 1954

(c)

1940 - 1960

(d)

1933 - 1954

Credit creation means the________

(a)

Multiplication of loans and advances

(b)

Money supply

(c)

Letter of credit

(d)

All the above

Finance is the life blood of all economic activities such as________

(a)

trade

(b)

commerce

(c)

agriculture

(d)

all the above

Primary deposits are also called as ________.

(a)

passive deposits

(b)

fixed deposit

(c)

time deposit

(d)

both 'a' and 'b'

ATM's transformed the bank tech system when they were first introduced in _________

(a)

1960

(b)

1966

(c)

1963

(d)

1967

_________ Bank is an institutions that provides accepting deposits and providing loans to the public.

(a)

RBI

(b)

Commercial

(c)

(a) and (b)

(d)

Financial Institution

________ is the monetary authority of the country.

(a)

Central bank

(b)

RBI

(c)

SBI

(d)

Both 'a' and 'b'

Which had sprung from a private bank established in 1656 is the oldest central bank in the world?

(a)

The Ricks Banks of Sweden

(b)

The Ricks Banks of Spain

(c)

The Royal Banks of Switzerland

(d)

The Ricks Board of Sweden

Identify the odd one.

(a)

Bank of Imperial (1921)

(b)

Bank of Bengal (1809)

(c)

Bank of Bombay (1840)

(d)

Bank of Madras (1843)

Find the suitable match: Commercial banks act as agents of customers by performing various functions.

(a)

Primary Function

(b)

Secondary Function

(c)

Other Function

(d)

None of the above

_____ insists the banks to maintain a ratio between the total deposits they create and the cash in their possession.

(a)

New Bank of India

(b)

Central Bank

(c)

Development Bank

(d)

Federal Bank

The NBFIs do not carry on pure _____ business, but they will carry on other financial transactions

(a)

banking

(b)

financing

(c)

cooperating

(d)

none of the above

Who is “Lender of Last Resort”?

(a)

World Bank

(b)

Government

(c)

RBI

(d)

Private Bank

Variable Cash Reserve Ratio as an objective of monetary policy was first suggested by _____

(a)

J.R. Hicks

(b)

J.M. Keynes

(c)

J.S. Mill

(d)

J.A. Schumpeter

Expand NABARD

(a)

National Bank for Agriculture and Regional Development

(b)

National Bank for Agriculture and Restructure Development

(c)

National Bank for Agriculture and Rural Development

(d)

National Bank for Agriculture and Rural Department

______ is the macroeconomic policy being laid down by the Central Bank towards the management of money supply and interest ratee

(a)

Narrow Money Policy

(b)

Dear Money Policy

(c)

Fiscal Policy

(d)

Monetary Policy

The Contractionary monetary policy is _____, which maintains short term interest rates higher than usual or which slows the rate of growth in the money supply or even shrinks it.

(a)

dear money policy

(b)

federal policy

(c)

fiscal policy

(d)

monetary policy

The Paytm Payments Bank is a separate entity in which founder Vijay Shekhar Sharma will hold _______?

(a)

51% share

(b)

50% share

(c)

41% share

(d)

25% share