Banking Quiz Set- 102 | | GovernmentAdda
Home / Banking Awareness / Banking Quiz Set- 102

Banking Quiz Set- 102

IB Security Assistant Free Mock Test Attempt Now For Free
IB Security Assistant Complete Free Study Material PDF Free Download Now
SSC CGL,CPO,GD 2018 Study Material & Book Free PDF Free Download Now
IBPS Clerk 2018 Study Material & Book Free PDF Free Download Now

 

Print Friendly, PDF & Email

1.  Which of the following is true regarding Balance of Payments (BOP)?
i.  It is a record of all financial transactions performed between the residents of a country and the rest of the world
ii.  It is more concerned with transactions, rather than actual payments
iii.  It always balances, i.e., inward and outward transaction is always equal

a.  Only (i) is true
b.  Only (i) and (ii) are true
c.  Only (i) and (iii) are true
d.  All (i), (ii) and (iii) are true

2.  If the outward transactions are greater than the inward transactions, then the country faces –
a.  BOP Deficit
b.  BOP Surplus
c.  BOP balanced
d.  None of the above

3.  Which of the following is/are type(s) of BOP Accounts?
a.  Current Account
b.  Capital Account
c.  Financial Account
d.  All of the above

4.  Which of the followings is/are component(s) of Current Account?
i.  Goods
ii.  Services
iii.  Income
iv.  Current transfers, like remittances, donations, aids, etc.

a.  All except (iv)
b.  Only (i) and (ii)
c.  Only (iii) and (iv)
d.  All (i), (ii), (iii) and (iv)

5.  Current Account Deficit (CAD) will happen, if –
a.  outflow from Current Account is greater than inflow in that account
b.  inflow to Current Account is greater than outflow from that account
c.  inflow and outflow is balanced in Current Account
d.  none of the above

6.  Which of the following is/are considered in Capital Account?
a.  Non-financial assets, such as lands, etc.
b.  Non-produced assets, such as mine, etc.
c.  Both (a) and (b)
d.  None of the above
7.  Which of the following falls in Financial Account?
a.  Direct investment (e.g., FDI, ODI, etc.)
b.  Portfolio investment
c.  Reserve assets
d.  All of the above
8.  Trade Deficit occurs, when –
a.  Exports are greater than Imports
b.  Imports are greater than Exports
c.  Imports and Exports are balanced
d.  None of the above
ANSWER:- 
1)b.  Only (i) and (ii) are true
2)a.  BOP Deficit
3)d.  All of the above
4)d.  All (i), (ii), (iii) and (iv)
5)a.  outflow from Current Account is greater than inflow in that account
6)c.  Both (a) and (b)
7)d.  All of the above
8)b.  Imports are greater than Exports

GovernmentAdda Recommends

OnlineTyari Mock Tests

IBPS Clerk Complete Mock Test Package Attempt Now For Free
SSC CGL Complete Mock Test Package Attempt Now For Free
SSC CPO Complete Mock Test Package Attempt Now For Free
RRB ALP CBT 2 Complete Mock Test Package Attempt Now For Free

 

 

 Download English Power Book (2000+ Pages)  Free Download Now
Download Quant Power Bank (1000+ Pages)  Free Download Now
Reasoning & GI Booster -Power Bank Book (1200+ Pages)  Free Download Now

 

About Burning Desire

Check Also

Banking Awareness Quiz

IB Security Assistant Free Mock Test Attempt Now For Free IB Security Assistant Complete Free …

error: