BANKING TERMS RELATED OBJECTIVE

Q. Identify the particular element that dominates in the material culture.
1 Science and Technology
2 Custom and Tradition
3 Folkways
4 Religion and Morality
Ans: 1
Q. The most advanced type of economic integration is -
1 Common market
2 Free Trade Area
3 Customs union
4 Economic union
Ans: 4
Q. An economic union is the most advanced type of economic integration.
1 It permits no tariff barriers on trade among members
2 It allows free movement of capital and labour among member nations
3 It unifies the monetary and fiscal policies of member states
4 It allows no tariffs on trade among members and a common tariff policy towards the rest of the world
Ans: 3
Q. Which of the following allows free movement of labour and capital among member nations?
1 Customs union
2 Economic union
3 Common market
4 Preferential trade arrangement
Ans: 3
Q. Which Index Number method has an upward bias?
1 Laspeyre's method
2 Bowley's method
3 Passche's method
4 Fisher's method
Ans: 1
Q. The statistical technique used to determine the degree of relationship between two variables is called--
1 Association
2 Index Numbers
3 Correlation
4 Dispersion
Ans: 3
Q. On Current Daily Status (CDS) basis, the incidence of unemployment in India in 2004-05 was-
1 8.28%
2 6.43%
3 4.52%
4 10.12%
Ans: 1
Q. Public Enterprises in India have developed only in -
1 Key and Basic industries
2 Consumer goods industries
3 Service industries
4 All types of industries
Ans: 4
Q. The difference between the export and import of services is called -
1 Balance of Trade
2 Balance Of Capital account
3 Balance of Current account
4 Balance of Invisible
Ans: 4
Q. Raul Prebisch's argument is concerned with the effects of business cycles on--
1 Output
2 Balance of Payments
3 Terms of Trade
4 Consumption
Ans: 3