Quiz on Bank Privatisation
Take the following quiz based on Indian economy and the Bank privatisation policy that is being followed by the Government of India now.
GK Quiz on Banks Privatisation
Recently a World Bank Report has predicted that the Indian Economy would grow at a higher rate in the fiscal year 2021-22. The growth rate that has been predicted is of 8.3%. Also the NITI Aayog has submitted its report regarding the banks it finds resourceful to be privatized. Take a look at the GK Quiz below with questions based on Bank Privatization and Indian Economy.
Quiz
Que.1). What is also known as Fiscal Stimulus?
a). A massive investment by the Government in
manufacturing sector to ensure the supply of goods to meet the demand surge
caused by rapid economic growth
b). Intense affirmative action of the Government to
boost economic activity in the country
c). Government’s intensive action on financial
institutions to ensure disbursement of loans to agriculture and allied sectors
to promote greater food production and contain food inflation
d). An extreme affirmative action by the Government to
pursue its policy of financial inclusion
Ans. d
Que.2). How much growth of the Indian Economy has been
predicted by the World Bank in 2021?
a). 6.4%
b). 8.3%
c). 7.8%
d). 5.4%
Ans. b
Que.3). Which of the below mentioned tactics of the
Government lead to reduction in the current account deficit?
i) Devaluation of the domestic currency
ii) Reduction in the export subsidy
iii) Adoption of suitable policies to get greater FDI
and funds from FIIs
a). Only i
b). Both i and ii
c). Both ii and iii
d). All of the above
Ans. b
Que.4). Economic Growth also causes:
a). Inflation
b). Deflation
c). Stagflation
d). None of the above
Ans. a
Que.5). Which of the following banks has been suggested
to be privatised by the Government of India in 2021?
a). Bank of Baroda
b). Punjab National Bank
c). Bank of India
d). State Bank of India
Ans. c
Que.6). Who has to decide as to which banks would be
privatised in India?
a). Finance Ministry
b). World Bank
c). Reserve Bank of India
d). NITI Aayog
Ans. d
Que.7). What are the consequences of a lowered Bank
rate by RBI?
a). Increased liquidity in the market
b). Decreased liquidity in the market
c). No change in liquidity of the market
d). More deposition in the banks
Ans. a
Que.8). In which year was the ordinance passed to
nationalise the Indian Banks?
a). 1965
b). 1969
c). 1970
d). 1972
Ans. b
Que.9). Which of the following statements justify the
Reserve Bank's status as Banker of Banks?
i) RBI lends funds to the commercial banks in times of
need
ii) Other banks retain their deposits with the RBI
iii) RBI advises the commercial banks on monetary
matters
a). Only i
b). i and ii
c). ii and iii
d). All of the above
Ans. d
Que.10). Which was the first bank to be nationalized
in India?
a). RBI
b). SBI
c). PNB
d). BOB
Ans. a
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