Banking Awareness - Multiple Choice Questions (MCQs) and Answers for IBPS/RBI/SBI PO/Clerk Exam | Banking Awareness Questions-Quiz for Bank Exams | Banking Awareness and Knowledge MCQs

11 Which sectors of Indian Economy contributes largest to the gross national product?

A Tertiary sector

B Secondary sector

C Primary sector

D Public sector

E None of these

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Answer: Option [A]

12 The concept of ‘Net Domestic Investment’ refers to

A The difference between the market value and book value of outstanding capital stock

B The amount of machinery and equipment used up in producing the GDP in a given year

C Total investment less the amount of investment goods used up in accomplishing the year’s production

D Gross domestic investment less net exports

E None of the above

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Answer: Option [C]

13 Which of the following is not included in the estimates of National Income?

A Sale of collector’s items

B Cost of government services

C Market rent of self-owned house

D Addition to inventory, but not sale of the company’s products

E None of the above

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Answer: Option [A]

14 Which of the following is one of the measures of economic growth of a country?

A Number of companies listed on the stock exchanges

B Number of foreign nationals working in a country

C Gross domestic product of the nation

D Volume of direct investment made by foreign countries

E All of the above

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Answer: Option [C]

15 What is a green index?

A It measure’s the nations export

B It measures the nation’s wealth according to GNP per capita

C It measures the nation’s wealth according to GDP per capita

D It measures the nation’s wealth in terms of coverage of forest area

E It measures the nation’s wealth according to provisions of control on greenhouse gases

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Answer: Option [E]

16 When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues several weeks, this state of economy is known as:

A Economic boom

B Recession

C Inflation

D Deflation

E None of these

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Answer: Option [B]

17 In India, the National Income is measured on the basis of

A Flow of goods only

B Number of employed youth only

C Volume of tax collected per annum

D Earning of people working in PSUs and government jobs

E All of the above

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Answer: Option [E]

18 Which of the following is not an apex institution?

A SBI

B NABARD

C SIDBI

D State Cooperative Bank

E None of the above

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Answer: Option [A]

19 The term ‘Gross National Happiness’ was coined by

A European Union

B Maqbool Hoque

C Bhutan’s king

D Amartya Sen

E None of these

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Answer: Option [C]

20 Who amongst the following economists gave the concept of ‘economies of scale’, which says ‘many goods and services’ can be produced more cheaply in long series?

A Paul Krungman

B Edmund S Phelps

C Gary S Becker

D Amartya Sen

E Edward C Prescott

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