Banking Awareness Test 52

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Question 1/10
1 / -0

What is Gross Domestic Product(GDP)?

Correct

Wrong

Skipped
A
It is the market value of all final goods and services made in the country.

Correct

Wrong

Skipped
B
It is the Cost production of all final goods and services made in the country.

Correct

Wrong

Skipped
C
It is the Cost services of all final goods and services made in the country.

Correct

Wrong

Skipped
D
It is the market value of all final goods and services made within the borders of a country in a year.

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Solutions

GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over a specified period of time.
Question 2/10
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Which of the following is one of the measures of economic growth of a country?

Correct

Wrong

Skipped
A
Gross Domestic Product of Nation

Correct

Wrong

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B
Volume of direct investment made by foreign countries

Correct

Wrong

Skipped
C
Number of companies listed on the stock exchanges

Correct

Wrong

Skipped
D
All of the Above

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Solutions

Gross Domestic Product (GDP) is the broadest quantitative measure of a nation’s total economic activity.
Question 3/10
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Mixed economy means ______

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Wrong

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A
Co-existence of small and large industries

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B
Co-existence of public and private industries

Correct

Wrong

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C
Co-existence of the rich and poor

Correct

Wrong

Skipped
D
Promoting both agriculture and industries in the economy

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Solutions

All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.
Question 4/10
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What is a Green Index?

Correct

Wrong

Skipped
A
It measures the nation’s wealth according to GNP per Capita

Correct

Wrong

Skipped
B
It measures the nation’s wealth according to GDP per Capita

Correct

Wrong

Skipped
C
It measures nation’s wealth according to provisions of control on greenhouse gases

Correct

Wrong

Skipped
D
It measures the nation’s wealth in terms of coverage of forest area.

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Solutions

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.
Question 5/10
1 / -0

What is Gross National Product(GNP)?

Correct

Wrong

Skipped
A
It is the market value of all final goods and services produced in one year by country’s residents

Correct

Wrong

Skipped
B
It is the Cost production of all final goods and services made in the country.

Correct

Wrong

Skipped
C
It is the Cost services of all final goods and services made in the country.

Correct

Wrong

Skipped
D
It measures nation’s wealth according to provisions of control on greenhouse gases

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Solutions

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.
Question 6/10
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Rupee coins are the legal tender in India under the provisions of _________

Correct

Wrong

Skipped
A
Banking Regulation Act, 1949

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Wrong

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B
Reserve Bank of India Act, 1934

Correct

Wrong

Skipped
C
Negotiable Instruments Act, 1881

Correct

Wrong

Skipped
D
Indian Coinage Act, 1906

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Solutions

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.
Question 7/10
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Currency notes are printed at four printing presses located at _________

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A
Mumbai, Noida, Kolkata and Chennai.

Correct

Wrong

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B
Nashik, Dewas, Mysore and Bengaluru.

Correct

Wrong

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C
Mumbai, Noida, Kolkata and Hyderabad.

Correct

Wrong

Skipped
D
Nashik, Dewas, Mysore and Salboni.

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Solutions

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.
Question 8/10
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Coins are minted at the four mints located at _________

Correct

Wrong

Skipped
A
Mumbai, Noida, Kolkata and Chennai.

Correct

Wrong

Skipped
B
Nashik, Dewas, Mysore and Bengaluru.

Correct

Wrong

Skipped
C
Mumbai, Noida, Kolkata and Hyderabad.

Correct

Wrong

Skipped
D
Nashik, Dewas, Mysore and Salboni.

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Solutions

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.
Question 9/10
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All coins that are minted in Noida has _______

Correct

Wrong

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A
Dot

Correct

Wrong

Skipped
B
Star

Correct

Wrong

Skipped
C
Diamond

Correct

Wrong

Skipped
D
No mark

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Solutions

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.
Question 10/10
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All coins that are minted in Mumbai has _______

Correct

Wrong

Skipped
A
Dot

Correct

Wrong

Skipped
B
Star

Correct

Wrong

Skipped
C
Diamond

Correct

Wrong

Skipped
D
No mark

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Solutions

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.

Question 1/10

It is the market value of all final goods and services made in the country.

It is the Cost production of all final goods and services made in the country.

It is the Cost services of all final goods and services made in the country.

It is the market value of all final goods and services made within the borders of a country in a year.

Question 2/10

Gross Domestic Product of Nation

Volume of direct investment made by foreign countries

Number of companies listed on the stock exchanges

All of the Above

Question 3/10

Co-existence of small and large industries

Co-existence of public and private industries

Co-existence of the rich and poor

Promoting both agriculture and industries in the economy

Question 4/10

It measures the nation’s wealth according to GNP per Capita

It measures the nation’s wealth according to GDP per Capita

It measures nation’s wealth according to provisions of control on greenhouse gases

It measures the nation’s wealth in terms of coverage of forest area.

Question 5/10

It is the market value of all final goods and services produced in one year by country’s residents

It is the Cost production of all final goods and services made in the country.

It is the Cost services of all final goods and services made in the country.

It measures nation’s wealth according to provisions of control on greenhouse gases

Question 6/10

Banking Regulation Act, 1949

Reserve Bank of India Act, 1934

Negotiable Instruments Act, 1881

Indian Coinage Act, 1906

Question 7/10

Mumbai, Noida, Kolkata and Chennai.

Nashik, Dewas, Mysore and Bengaluru.

Mumbai, Noida, Kolkata and Hyderabad.

Nashik, Dewas, Mysore and Salboni.

Question 8/10

Mumbai, Noida, Kolkata and Chennai.

Nashik, Dewas, Mysore and Bengaluru.

Mumbai, Noida, Kolkata and Hyderabad.

Nashik, Dewas, Mysore and Salboni.

Question 9/10

Dot

Star

Diamond

No mark

Question 10/10

Dot

Star

Diamond

No mark