Financial Awareness Quiz

1.When the common people of a nation start getting very high salary or wages , the consumption of the goods likeeatables and white goods, also start increasing .This situation brings which of the following types of inflation in the economy?

1. Cost-push inflation

2. Demand pulls inflation

3. Low inflation

Only 1 & 3 Only 2 Only 3 All of these

2.Which of the following decisions taken by the RBI will promote the concept of financial inclusion in the country?

To appoint some additional entities as business correspondents 

To collect reasonable service charges from the customer in a transparent manner for providing the services

To ask the banks to open at least 50 new accounts daily in non-serviced areas 

Only A & B'

3.Bank Rate means the rate of interest

Charged by commercial banks from borrowers

At which commercial banks discounted bills of their borrowers 

Allowed by commercial banks on their deposits 

At which RBI purchases or rediscounts bills of exchange of commercial banks

4.Agricultural Term Loan is repaid out of

cash accrual 

sale proceeds of crop 

net incremental income 

annual savings of the farmer

5.Which of the following is/are true about the “sub-Prime crisis"? 

1. It is a Mortgage Crisis referring to credit default by the borrowers

2. Sub-Prime Borrowers were those borrowers who were rated low and were high-risk borrowers

3. This crisis originated of negligence in credit rating of the borrowers

Only 1 Only 2 Only 3 All of these