CUET-UG SERIES Banking-and-financial-awareness
Basic Banking Concepts
8 previous year questions.
Volume: 8 Ques
Yield: Medium
High-Yield Trend
8
2023 Chapter Questions 8 MCQs
01
PYQ 2023
hard
banking-and-financial-awareness ID: cuet-ug-
Calculate compensation of employees from the following items:
Choose the correct option.
| Items | Rs in Crores |
|---|---|
| Profit after tax | 20 |
| Interest | 45 |
| GDPMP | 200 |
| Goods and service tax | 10 |
| Depreciation | 50 |
| Rent | 25 |
| Corporate tax | 5 |
Choose the correct option.
1
45 Cores
2
42 Cores
3
50 Cores
4
44 Cores
02
PYQ 2023
hard
banking-and-financial-awareness ID: cuet-ug-
Given a Cash Reserve Ratio (CRR) being 20%, the value of the money multiplier will be
1
3
2
20
3
10
4
5
03
PYQ 2023
medium
banking-and-financial-awareness ID: cuet-ug-
Which of the following is not true about Public goods?
1
Benefit are available to all
2
May be produced by private sector
3
Benefit not exclude anyone from enjoying the benefits
4
Available free to users
04
PYQ 2023
medium
banking-and-financial-awareness ID: cuet-ug-
The International Bank for Reconstruction and Development (IBRD) is popularly known as
1
State Bank of India
2
Reserve Bank Of India
3
World Bank
4
International Monetary Fund
05
PYQ 2023
medium
banking-and-financial-awareness ID: cuet-ug-
Flexible exchange rate is determined by:
1
RBI
2
Govt
3
Market forces
4
IMF
06
PYQ 2023
medium
banking-and-financial-awareness ID: cuet-ug-
A fall in Bank rate can increase the ______
1
Money supply
2
Liability
3
G.D.P
4
Reverse Repo Rate
07
PYQ 2023
medium
banking-and-financial-awareness ID: cuet-ug-
Which of the following is not true about a commercial Bank?
1
Assets Reserves + Loans
2
Net worth = Assets -Liabilities
3
Liabilities = Loans
4
Deposits= Assets - Net worth
08
PYQ 2023
medium
banking-and-financial-awareness ID: cuet-ug-
Arrange the sequence of events in the correct order relating to a quantitative tool used by the central bank during the times of inflation.
A. Hence the money supply in the economy decreases
B. As a result, loans taken by commercial banks become more expensive
C. The central bank increases the bank rate
D. This reduces the reserves held by the commercial banks
Choose the correct answer from the options given below:
A. Hence the money supply in the economy decreases
B. As a result, loans taken by commercial banks become more expensive
C. The central bank increases the bank rate
D. This reduces the reserves held by the commercial banks
Choose the correct answer from the options given below:
1
B, C, A, D
2
C, B, D, A
3
A, B, C, D
4
D, B, A, C
About Basic Banking Concepts - CUET-UG
Basic Banking Concepts is a vital chapter for CUET-UG aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.
By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.
Frequently Asked Questions
Why focus on Basic Banking Concepts PYQs?
Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.
How to best use this analysis?
Review the topic breakdown to see which sub-topics within Basic Banking Concepts carry the most weight. Then, tackle the questions iteratively to solidify your understanding.