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