Question 1

Which is called Bank of India&#10;A)SBI&#10;B)SBT&#10;C)ADB&#10;D)RBI

Accepted Answer

RBI (Reserve Bank of India) is often referred to as the Bank of India because it acts as the central banking institution of India, controlling the monetary policy of the Indian rupee and overseeing the Indian banking system.

Question 2

An organization which accepts deposit that can be withdrawn as demark is known as_______&#10;A)A firm&#10;B)An institution&#10;C)A bank&#10;D)None of these

Accepted Answer

A bank is an organization that accepts deposits from the public and creates credit. Deposits can be withdrawn on demand, making "C) A bank" the correct answer.

Question 3

Who is an employee of a bank who deals directly with most customers&#10;A)Teller&#10;B)Mick&#10;C)ATM&#10;D)None of these

Accepted Answer

A teller is an employee of a bank who deals directly with customers, handling tasks such as cashing checks, accepting deposits, and processing loan payments.

Question 4

The rate at which the RBI lends short term money to the banks&#10;A)Bank Rate&#10;B)Repo rate&#10;C)Credit rate&#10;D)Reverse repo rate

Accepted Answer

The Repo rate is the rate at which the Reserve Bank of India (RBI) lends short-term money to banks.

Question 5

The rate at which banks park their short term excess liquidity with the RBI is known as&#10;A)Repo rate&#10;B)Reverse repo rate&#10;C)Bank Rate&#10;D)None of these

Accepted Answer

The reverse repo rate is the rate at which the Reserve Bank of India (RBI) borrows money from commercial banks within the country. It is a monetary policy instrument which can be used to control the money supply in the country.

Question 6

Bank rate is also known as ______________________&#10;A)Discount rate&#10;B)Credit rate&#10;C)Repo rate&#10;D)None of these

Accepted Answer

Bank rate is often referred to as the discount rate, which is the rate at which a country's central bank lends money to domestic banks, influencing monetary policy and the overall economy.

Question 7

An ATM card is a ________________card?&#10;A)Credit Card&#10;B)Debit Card&#10;C)Bank card&#10;D)None of these

Accepted Answer

An ATM card is typically a debit card, which allows users to access their bank accounts to withdraw cash or perform other transactions at an ATM.

Question 8

Expand PIN&#10;A)Printing Identity Number&#10;B)Personal Identification Number&#10;C)Personal Identity Number&#10;D)None of these

Accepted Answer

PIN stands for Personal Identification Number, which is a numeric code used in various security systems to verify the identity of the user.

Question 9

Which device sorts and counts coins at the same time&#10;A)Coin Counter&#10;B)Coin sorter&#10;C)Micro fiche&#10;D)None of thes

Accepted Answer

Coin counters are devices that sort and count coins at the same time.

Question 10

Which device sorts random collection of coins into separate bins for different dinominations&#10;A)Coin sorter&#10;B)Coin Counter&#10;C)ATM&#10;D)PIN

Accepted Answer

A coin sorter is specifically designed to sort a random collection of coins into separate bins for different denominations, making it the correct choice.

Question 11

Break - even analysis is a technique of ____________________&#10;A)Credit Planning&#10;B)Profit Planning&#10;C)Social Planning&#10;D)None of these

Accepted Answer

The answer of Break - even analysis is a technique...

Question 12

In the long-run total cost is equal to ______________&#10;A)TFC&#10;B)TVC&#10;C)MC&#10;D)AFC

Accepted Answer

The answer of In the long-run total cost is equal...

Question 13

Which costs are made once and for all and cannot be altered by varying the rate of output&#10;A)Sunk cost&#10;B)Book cost&#10;C)Long-run cost&#10;D)Explicit cost

Accepted Answer

The answer of Which costs are made once and for...

Question 14

Break-even analysis is also known as ______________&#10;A)Profit analysis&#10;B)Profit contribution analysis&#10;C)Planning Analysis&#10;D)None of these

Accepted Answer

The answer of Break-even analysis is also known as ______________&#10;A)Profit...

Question 15

All material things which posses utility are called ________________&#10;A)Services&#10;B)Goods&#10;C)Cost&#10;D)None of these

Accepted Answer

The answer of All material things which posses utility are...

Question 16

Those goods which posses utility,scarcity and transferability are called __________&#10;A)Tangible Goods&#10;B)Economic goods&#10;C)Consumer Gods&#10;D)None of these

Accepted Answer

The answer of Those goods which posses utility,scarcity and transferability...

Question 17

Capital goods are also known as ______________________&#10;A)Producer's goods&#10;B)Consumer's goods&#10;C)Duable Goods&#10;D)None of these

Accepted Answer

The answer of Capital goods are also known as ______________________&#10;A)Producer's...

Question 18

At the point where MC is equal to AC, average cost is ________________&#10;A)Maximum&#10;B)Minimum&#10;C)Peak Level&#10;D)None of these

Accepted Answer

The answer of At the point where MC is equal...

Question 19

When the marginal ccost is rising the total cost is ______________&#10;A)Increasing&#10;B)Stagnant&#10;C)Decreasing&#10;D)None of these

Accepted Answer

The answer of When the marginal ccost is rising the...

Question 20

An example for variable cost is&#10;A)Rent of land&#10;B)Muncipal Taxes&#10;C)Insurance charge&#10;D)Wages to casual laboures

Accepted Answer

The answer of An example for variable cost is&#10;A)Rent of...

Question 21

Increase in demand due to change in price is known as ________________&#10;A)Construction in demand&#10;B)Expansion in demand&#10;C)Increase in demand&#10;D)Decrease in demand

Accepted Answer

The answer of Increase in demand due to change in...

Deck 3: Banking and Financial Terminology and Cost Analysis