EASY Level

1.

In economic language, what is the correct term used for this drop in Indian Rupee?

[A]Devaluation [B]Depreciation [C]Deflation [D]Depression

Ans = Depreciation

You should know the difference between Depreciation and Devaluation. Devaluation means official
lowering of the value of a countrys currency within a fixed exchange rate system, by which the
monetary authority formally sets a new fixed rate with respect to a foreign reference currency. In
contrast, depreciation is used for the unofficial decrease in the exchange rate in a floating exchange
rate system.

5.who is the governer of RBI

6. WHO is our present finance minister.

7. coins are issued by?

8. fiscal policy is made by?

9. monitory policy is made by?

10. what is brexit.

11. what is full form of gst and when it passed.

12. what is the full form of GAAP.

17. The method of Depreciation for Intangible Assets is known as?

a. Appreciation

b. Amortization

c. Straight Line

d. Depreciation

The correct answer is b. Amortization

What is a dividend?
 A. A cash payment distributed among creditors

B. A payment of additional shares of stock to stockholders

C. A bonus to employees

D. A division of an international corporation.

22. WHAT is full form of icici

23. What is full form of HSBC.

Which financial statement will tell you how profitable a company is?

A. Income statement

B. Cash flow statement

C.Balance sheet

D. All of the above

What is the duration of Public Provident Fund (PPF) account?

A. 3 years
B. 5 years
C. 9 years
D. 15 years
E. 18 years
Answer & Explanation
D. 15 years
Explanation:
A PPF account matures in 15 years, but you can extend the tenure in
blocks of five years after maturity. The balance continues to earn
interest at the normal rate. The minimum investment of Rs 500 has to
be maintained even for accounts extended beyond 15 years.
 Minimum amount that can be invested in Kisan Vikas
Patra(KVP) Certificate is _________
A. Rs.100
B. Rs.200
C. Rs.500
D. Rs.1000
Answer & Explanation
D. Rs.1000
Explanation:
KVP certificates are available in the denominations of Rs 1000, Rs
5000, Rs 10000 and Rs 50000. The minimum amount that can be
invested is Rs 1000. However, there is no upper limit on the purchase
of KVPs.

The Public Provident Fund(PPF) has the interest rate of

_____________
A. 7.1%
B. 7.2%
C. 8.1%
D. 8.2%
Answer & Explanation
C. 8.1%
Explanation:
The Public Provident Fund is a savings-cum-tax-saving instrument in
India, introduced by the National Savings Institute of the Ministry of
Finance in 1968.The aim of the scheme is to mobilize small savings by
offering an investment with reasonable returns combined with income
tax benefits. The current interest rate effective from 1 April 2016 is
8.1% Per Annum (compounded annually).

Which of the following has approved $500 million loan for bridge
over Ganga River in Bihar?
A) World Bank
B) Asian Development Bank
C) International Monetary Fund
D) European Development Bank
E) None of these
Answer & Explanation
B) Asian Development Bank
Explanation:
Asian Development Bank accorded $500 million to build bridge over Indias
longest river bridge which is in Bihar having distance of 9.8 km road.

First Annual General Meeting of Asian Infrastructure Investment

Bank held at
A) Dhaka
B) Jakarta
C) Shanghai
D) Beijing
E) None of these
Answer & Explanation
D) Beijing
Explanation:
Finance Minister Arun Jaitley Participated in the First Annual General Meeting
of Asian Infrastructure Investment Bank at Beijing to discuss about the
investment in Infrastructure and accorded the approval to establish the
Regional Office of AIIB in New Delhi.

India is to get $1 bn funding for solar projects from which of the

following?
A) World Bank
B) Asian Development Bank
C) International Monetary Fund
D) European Development Bank
E) None of these
Answer & Explanation
A) World Bank
Explanation:
The World Bank today committed USD 1 billion (about Rs 6,750 crore) to
support solar energy programme in India, which is reducing dependence on
conventional energy sources to reduce greenhouse gas emissions.

Which of the following institutions do not hold a banking license?

A. Small Banks
B. Foreign Banks
C. Commercial Banks
D. NBFCs
Answer & Explanation
D. NBFCs
Explanation:
Non-banking financial companies, or NBFCs, are financial institutions that
provide banking services, but do not hold a banking license. These
institutions are not allowed to take deposits from the public.

Who among the following decides the volume and value of bank
notes to be printed in India?
A. RBI
B. SBI
C. Security Printing and Minting Corporation of India
D. All of the Above
Answer & Explanation
A. RBI
Explanation:
The Reserve Bank based on the demand requirement indicates the volume
and value of banknotes to be printed each year to the Government of India
which get finalised after mutual consultation. The quantum of banknotes to
be printed, broadly depends on the requirement for meeting the demand for
banknotes, GDP growth, replacement of soiled banknotes, reserve stock
requirements, etc.

'RAND' is the currency of ?

o Indonesia

o Tunisian

o South Korea

o South Africa

Answer: South africa