MCQOPTIONS
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MCQOPTIONS
This section includes 3653 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 2801. |
Which one of the following is the final session of the General Agreement on Tariff and Trade (GATT)? |
| A. | Singapore Session |
| B. | Geneva Session. |
| C. | Washington Session |
| D. | Uruguay session |
| E. | Vienna session |
| Answer» E. Vienna session | |
| 2802. |
The headquarters of IMF and World Bank are located at |
| A. | Geneva and Montreal |
| B. | Geneva and Vienna |
| C. | New York and Geneva |
| D. | Washington DC |
| E. | Nigeria |
| Answer» E. Nigeria | |
| 2803. |
Which of the following is not a member of Organisation of the Petroleum Exporting Countries (OPEC)? |
| A. | Algeria |
| B. | Brazil |
| C. | Ecuador |
| D. | Nigeria |
| E. | All of these |
| Answer» C. Ecuador | |
| 2804. |
Which one of the following statements is true regarding IMF? |
| A. | It is not an agency of UNO |
| B. | It can grant loan to any country of the world |
| C. | It can grant loan to State Government of a country |
| D. | It grants loan only to member nations |
| E. | All of the above |
| Answer» E. All of the above | |
| 2805. |
Which one of the following countries is the first borrower of fund from the International Monetary Fund? |
| A. | United States |
| B. | France |
| C. | Spain |
| D. | India |
| E. | Sri Lanka |
| Answer» C. Spain | |
| 2806. |
How is the United Nation Monetary and Financial Conference where in the agreements were signed to setup IBRD, GATT and IMF, commonly known? |
| A. | Bandung Conference |
| B. | Bretton Woods Conference |
| C. | Versailles Conference |
| D. | Yalta Conference |
| E. | Geneva Conference |
| Answer» E. Geneva Conference | |
| 2807. |
Which one of the following institutions publish the report of 'World Economic Outlook'? |
| A. | IMF |
| B. | World bank |
| C. | RBI |
| D. | UNCTAD |
| E. | Citi Bank- |
| Answer» B. World bank | |
| 2808. |
Which UN Organisation, is called as the World Bank? |
| A. | International Bank for Reconstruction and Development (IBRD) |
| B. | International Banking System |
| C. | International Banking Management System |
| D. | None of the above |
| E. | All of the above |
| Answer» B. International Banking System | |
| 2809. |
Which of the following is the component of India's Foreign Exchange Reserve? |
| A. | Special drawing rights |
| B. | Reserve tranche position of India in IMF |
| C. | Indian currency held by foreign countries |
| D. | Both a and b |
| E. | All of these |
| Answer» E. All of these | |
| 2810. |
Where is the headquarters of World Trade Organisation? |
| A. | New Delhi |
| B. | New York |
| C. | Geneva |
| D. | Rome |
| E. | None of the above |
| Answer» D. Rome | |
| 2811. |
Who have the largest share of world trade? |
| A. | European Union, USA |
| B. | Japan |
| C. | Canada |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 2812. |
What is the number of member states in the World Trade Organisation? |
| A. | 144 |
| B. | 148 |
| C. | 150 |
| D. | 164 |
| E. | 170 |
| Answer» E. 170 | |
| 2813. |
When did World Trade Organisation come into force? |
| A. | 2nd Jan, 1948 |
| B. | 1st Jan, 1995 |
| C. | 12th Jan, 1948 |
| D. | 15th Jan, 1946 |
| E. | 13th Jan, 1947 |
| Answer» C. 12th Jan, 1948 | |
| 2814. |
Where is the Headquarters of Inter Parliamentary Union? |
| A. | Sweden |
| B. | UK |
| C. | USA |
| D. | Switzerland |
| E. | India |
| Answer» E. India | |
| 2815. |
The second BIMSTEC Summit was organised in November 2008 in |
| A. | Dhaka |
| B. | Kathmandu |
| C. | Thimpu |
| D. | New Delhi |
| E. | None of these |
| Answer» E. None of these | |
| 2816. |
Which of the following is not a member of ASEAN? |
| A. | Malaysia |
| B. | Indonesia |
| C. | Vietnam |
| D. | Britain |
| E. | Singapore |
| Answer» E. Singapore | |
| 2817. |
As reported in various newspapers/ magazines, India has doubled its credit to Africa for 5 yr from next fiscal. This decision was taken in which of the following forums? |
| A. | Meeting of the G-8 nations |
| B. | Meeting of the World Trade Organisation 2008 |
| C. | India-Africa Forum Summit 2008 |
| D. | Meeting of the Foreign Ministers of the SAARC |
| E. | None of the above |
| Answer» D. Meeting of the Foreign Ministers of the SAARC | |
| 2818. |
As per recent reports, many countries are planning to introduce 'Tobin Tax', the idea of which was given by a nobel prize winner economist James Tobin in 1978. Tobin Tax, if implemented, will be levied on which of the following? |
| A. | On the interest income of corporates earned through major investments |
| B. | All cash transactions |
| C. | Services availed specifically by an elite group of people |
| D. | Foreign exchange transactions |
| E. | None of the above |
| Answer» E. None of the above | |
| 2819. |
What are the ad-hoc bodies of the UN General Assembly? |
| A. | Special Committee on Peace Keeping Operation, Human Rights Committee, Committee on the Peaceful Use of Outer Space |
| B. | Conciliation Commission for Palestine, Conference on Disarmament, International Law Commission, Scientific Committee on the effects of Atomic Radiation |
| C. | Special Committee on the Implementation of the Declaration on the Granting of Independent Countries and Peoples Commission on International Trade Law |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2820. |
As per the news reports members of the SAARC agreed to establish a 'SAARC' Food Bank' to ensure food security for members in case of any emergency. Which of the following nations agreed to provide maximum quantity of food for the bank? |
| A. | India |
| B. | Pakistan |
| C. | Bhutan |
| D. | Nepal |
| E. | Sri Lanka |
| Answer» B. Pakistan | |
| 2821. |
Which of the following is not an original member of the UN? |
| A. | Pakistan |
| B. | India |
| C. | Poland |
| D. | Cube |
| E. | All of these |
| Answer» B. India | |
| 2822. |
As per the reports published by the World Bank, what percentage of Indian population lives below the new International Poverty Line? |
| A. | 30% |
| B. | 62% |
| C. | 52% |
| D. | 42% |
| E. | 68% |
| Answer» E. 68% | |
| 2823. |
Whose part is the International Bureau of Education? |
| A. | UNESCO |
| B. | UNIDO |
| C. | IMF |
| D. | All of these |
| E. | None of these |
| Answer» B. UNIDO | |
| 2824. |
One of the main aims of General Agreement of Tariffs and Trade (GATT), and now of WTO, is to obtain |
| A. | A general agreement on free imports and exports |
| B. | A reduction of the burden of import and export duties on small trading nations |
| C. | A reduction of tariffs by mutual negotiation and elimination of import quotas |
| D. | Improvement in economic condition of Developing countries |
| E. | None of the above |
| Answer» D. Improvement in economic condition of Developing countries | |
| 2825. |
India's foreign trade is maximum with |
| A. | OPEC countries |
| B. | OECD countries |
| C. | East European countries |
| D. | Developing countries (excluding members of OPEC) |
| E. | None of these |
| Answer» C. East European countries | |
| 2826. |
The capital of IMF is made up by contribution of the |
| A. | credit |
| B. | deficit financing |
| C. | member nations |
| D. | borrowing |
| E. | All of these |
| Answer» D. borrowing | |
| 2827. |
In which year was World Bank formed? |
| A. | 1945 |
| B. | 1956 |
| C. | 1960 |
| D. | 1988 |
| E. | 1978 |
| Answer» B. 1956 | |
| 2828. |
BoP (Balance of Payment) refers to |
| A. | transactions in the flow of capital |
| B. | transactions relating to receipts and payment of invisible |
| C. | transactions relating only to exports and imports |
| D. | systematic record of all its economic transaction with the rest of the world |
| E. | All of the above |
| Answer» F. | |
| 2829. |
The IMF and the World Bank were conceived as institutions |
| A. | strengthen international economic cooperation and to help create a more stable and prosperous global economy |
| B. | IMF promotes international monetary cooperation |
| C. | The World Bank promotes long term economic development and. poverty reduction |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2830. |
The letter 'D' stands for which of the following the abbreviated name OECD? Organisation of Economic Cooperation and |
| A. | Defence |
| B. | Direction |
| C. | Dominance |
| D. | Development |
| E. | Devaluation |
| Answer» E. Devaluation | |
| 2831. |
The Foreign Trade Policy announced in the year 2004 was announced for a period of |
| A. | two years |
| B. | three years |
| C. | four years |
| D. | live years |
| E. | ten years |
| Answer» E. ten years | |
| 2832. |
Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets, freely and at market determined exchange rates? |
| A. | Capital Account Convertibility |
| B. | Financial Deficit Management |
| C. | Minimum Support Price |
| D. | Restrictive Trade practices |
| E. | None of the above |
| Answer» B. Financial Deficit Management | |
| 2833. |
Which of the following countries has been given permanent membership of the World Trade Organisation recently? |
| A. | Ukraine |
| B. | India |
| C. | Pakistan |
| D. | Sri Lanka |
| E. | None of these |
| Answer» F. | |
| 2834. |
Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies? |
| A. | World Bank |
| B. | International Monetary Fund (IMF) |
| C. | Asian Development Bank |
| D. | Reserve Bank of India |
| E. | None of the above |
| Answer» C. Asian Development Bank | |
| 2835. |
People who practice arbitrage will create mutually consistent exchange rates if |
| A. | they operate in a country that practices exchange controls |
| B. | exchange rates are set properly by government |
| C. | productivity increases in the economy of the country whose currency is being traded |
| D. | they buy a currency in one market at a low price and then sell at a high price in another market |
| E. | the currency being traded appreciates |
| Answer» E. the currency being traded appreciates | |
| 2836. |
Floating exchange rates refers to |
| A. | the ability of exchange rates to even out when displaced by shocks to the foreign exchange market |
| B. | new issues of foreign exchange offered on the market |
| C. | an exchange rate determined by the demand for and supply of a nation's currency |
| D. | an excess demand for a nation's currency that causes its devaluation |
| E. | an excess supply of a nation's currency that causes its appreciation |
| Answer» D. an excess demand for a nation's currency that causes its devaluation | |
| 2837. |
In an economy's Balance of Payments account, |
| A. | the capital and current accounts must add to 1 |
| B. | the current account is always greater than the capital account |
| C. | both the balance on current account and the balance on capital account are zero |
| D. | the capital plus current account balances must equal zero |
| E. | capital outflows must equal capital inflows |
| Answer» E. capital outflows must equal capital inflows | |
| 2838. |
The balance on current account includes all of the following items except |
| A. | merchandise exports minus merchandise imports |
| B. | exports of services minus imports of services |
| C. | income receipts minus income payments on investments |
| D. | changes in US assets owned abroad and foreign assets owned in the US |
| E. | unilateral transfers of currency by individuals |
| Answer» F. | |
| 2839. |
Which one of the following factors is taken into account to calculate the Balance of Payment (BoP) of a country? |
| A. | Current account |
| B. | Changes in the foreign exchange |
| C. | Errors and omissions |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2840. |
Which one of the following percentages is the share of the Indian export in the international trade? |
| A. | Less than 1% |
| B. | More than 1%, but less than 3% |
| C. | More than 3%, but less than 5% |
| D. | More than 5%, but less than 7% |
| E. | More than 8% |
| Answer» D. More than 5%, but less than 7% | |
| 2841. |
The balance of trade is given by |
| A. | income receipts minus income payments on investments |
| B. | the balance of unilateral transfers |
| C. | merchandise exports plus service exports minus the sum of merchandise and service imports |
| D. | merchandise exports minus merchandise imports |
| E. | the balance on current account |
| Answer» F. | |
| 2842. |
A potential problem with free floating exchange rates is that |
| A. | people who practice arbitrage may gain from the losses of others |
| B. | uncertainty in exchange rate fluctuations may hinder international trade |
| C. | exchange rates may never reach equilibrium |
| D. | the currency markets may become monopolised |
| E. | less developed countries may issue too much currency |
| Answer» D. the currency markets may become monopolised | |
| 2843. |
If the current account for a country is in deficit, then there must be |
| A. | a surplus in the government budget |
| B. | low interest rates |
| C. | high productivity |
| D. | a capital account surplus |
| E. | the presence of attractive investment opportunities |
| Answer» B. low interest rates | |
| 2844. |
SDR, is an international reserve asset, created by the IMF in? |
| A. | 1956 |
| B. | 1963 |
| C. | 1969 |
| D. | 1974 |
| E. | 1982 |
| Answer» D. 1974 | |
| 2845. |
What is the full form of 'EPZ'? |
| A. | Economical Plus Zone |
| B. | Entertainment Plus Zone |
| C. | Export Promotion Zone |
| D. | Electronic Promotion Zone |
| E. | None of the above |
| Answer» D. Electronic Promotion Zone | |
| 2846. |
With regard to the Export Policy of the Government of India, which of the following statements is correct? |
| A. | All commodities can be exported without license |
| B. | Export licenses are required for only a few items |
| C. | Export licenses are required for all items |
| D. | All of these |
| E. | None of these |
| Answer» C. Export licenses are required for all items | |
| 2847. |
Balance of trade of a country is equivalent to |
| A. | difference between the inward and outward remittances made in foreign exchange |
| B. | surplus generated shown in a trading account |
| C. | difference between exports and imports |
| D. | All of these |
| E. | None of these |
| Answer» D. All of these | |
| 2848. |
The 42nd G-7 summit in 2016 was held in which country? [RBI Grade B 2016] |
| A. | Japan |
| B. | Canada |
| C. | France |
| D. | Germany |
| E. | India |
| Answer» B. Canada | |
| 2849. |
The first SAARC Young Parliamentarians Conference (YPC) was recently (August 2016) held in [RBI Grade B 2016] |
| A. | New Delhi, India |
| B. | Thimphu, Bhutan |
| C. | Islamabad, Pakistan |
| D. | Kabul, Afghanistan |
| E. | Kathmandu, Nepal |
| Answer» D. Kabul, Afghanistan | |
| 2850. |
The headquarters of the 'United Nations World Trade Organisation' is situated in [RBI Grade B 2016] |
| A. | Madrid, Spain |
| B. | Switzerland |
| C. | Washington DC, USA |
| D. | Paris, France |
| E. | Frankfurt, Germany |
| Answer» C. Washington DC, USA | |