Economics (Railway)

Total Questions: 50

1. The meaning of 'exhibition effect by one country on the other is that- [RRB muzaffarpur ASM Exam, 01.06.1997]

(1) the other increases its saving and investment rate
(2) the other adopts higher technology
(3) the other increases its standard of consumption
(4) tries to establish new industries

Correct Answer: (2) the other adopts higher technology

Solution:Exhibition means public display, as of artistic works, crafts, farm or factory products, performance skills, or objects of general interest. The exhibition effect has to do with the adoption of higher knowledge, opinion or technology by one country from the other. It highlights the influencing role exhibition has in shaping towards a product or technology.

2. A commercial bank normally pays no interest on - [RRB Kolkata Goods Guard Exam, 27.02.2005]

(1) a savings deposit account
(2) a current deposit account
(3) a fixed deposit account
(4) a recurring deposit account

Correct Answer: (2) a current deposit account

Solution:In deposit terminology, the term Current Deposit refers to a deposit to a bank account or financial institution without a specified maturity date. It is not considered as a deposit: it is money parked for the time being. Hence interest is not given for money in this kind of account.

3. The first Indian Governor of the RBI was: [RRB Kolkata Ticket Collector (IC) Exam, 03.12.2006)]

(1) L.K. Jha
(2) C.D. Deshmukh
(3) I.G. Patel
(4) None of these

Correct Answer: (2) C.D. Deshmukh

Solution:C.D. Deshmukh was the 1st Indian governor of RBI in 1943 by the British Raj authorities.

4. The name of the first bank established in India was: [RRB NTPC CBT Stage-I Exam, 30.03.2016 Shift-III]

(A) Bank of Hindustan

(B) Reserve Bank of India

(D) State Bank of India

(1) D
(2) A
(3) C
(4) B

Correct Answer: (2) A

Solution:The first bank of India was Bank of Hindustan that was established in 1770. It was established at Calcutta under European management. It was liquidated in 1830-32. It was followed by General Bank of India that was set up in 1786.

5. Maharatna' refers to a group of: [RRB NTPC CBT Stage-1 Exam, 30.03.2016 Shift-III]

(A) Emerging small and medium enterprises.

(B) Central public sector enterprises.

(C)Leading private sector enterprises.

(D) Leading multinational companies.

(1) B
(2) D
(3) C
(4) A

Correct Answer: (1) B

Solution:The Government introduced the Maharatna scheme, in 2009 to empower mega Central Public Sector Enterprises (CPSEs) to expand their operations and emerge as global giants. As of June 2016, there were 7 Maharatna CPSEs: Bharat Heavy Electricals Limited; Coal India Limited; GAIL (India) Limited: Indian Oil Corporation Limited: NTPC Limited: Oil & Natural Gas Corporation Limited: Steel Authority of India Limited.

6. Rupee sign '₹' is a: [RRB NTPC CBT Stage-1 Exam, 30.03.2016 Shift-III]

(A) Devanagari letter

(B) Roman letter

(D) A combination of Roman and Devanagari letters

(1) D
(2) A
(3) B
(4) C

Correct Answer: (1) D

Solution:The design of Indian rupee resembles both the Devanagari letter "₹" (ra) and the Latin capital letter "R", with a double horizontal line at the top. The parallel lines at the top (with white space between them) are said to make an allusion to the tricolor Indian flag. It has been designed by D. Udaya Kumar.

7. Which of the following refers to the National Crop Insurance scheme ? [RRB NTPC CBT Stage-I Exam, 31.03.2016 Shift-I]

(A) PMSBY

(B) PMJDY

(D) PMJJBY

(1) B
(2) A
(3) C
(4) D

Correct Answer: (3) C

Solution:Pradhan Mantri Fasal Bima Yojana (PMFBY) is a new crop insurance scheme that was announced by the Government on 13 January 2016. Launched by Prime Minister Narendra Modi on 18 February 2016, It envisages a uniform premium of only 2 % to be paid by farmers for Kharif crops, and 1.5 % for Rabi crops.

8. RBI is the Regulatory Authority for: [RRB NTPC CBT Stage-I Exam, 31.03.2016 Shift-I]

(A) Banks

(B) Banks and mutual funds

(D) Banks, mutual funds. stock exchanges and rating agencies

(1) B
(2) A
(3) C
(4) D

Correct Answer: (2) A

Solution:The Reserve Bank of India is India's central bank and an Independent apex monetary authority which regulates banks and prescribes broad parameters of banking operations within which the country's banking and financial system functions. Besides, it provides important financial services like storing of foreign exchange reserves, control of inflation, monetary policy report.

9. Find the odd one out in ralation to using ATM and netbanking facilities. [RRB NTPC CBT Stage-1 Exam, 28.04.2016 Shift-I]

(A) Don't share your ATM card.

(B) Don't share your pin.

(D) Don't share your login ID and password.

(1) B
(2) D
(3) A
(4) C

Correct Answer: (4) C

Solution:Some of the steps recommended for safe ATM and net banking use involves: not sharing the details of ATM card to anyone; not sharing the PIN of cards; not revealing the login ID and password: changing passwords at regular intervals, etc. these measures are aimed at preventing hacking. phishing or other internet crimes that involve stealing a person's money or identity.

10. What is the full form of GST? [RRB ALP & Technician Exam, 14.08.2018 Shift-I]

(1) Goods and Services Tax
(2) Goods Sales Tax
(3) Grand Sales Tax
(4) General Sales Tax

Correct Answer: (1) Goods and Services Tax

Solution:GST stands for Goods and Services Tax, an indirect tax levied in India on the supply of goods and services. It came into effect from July 1, 2017 through the implementation of 101 Amendment of the Constitution of India. It replaced existing multiple cascading taxes levied by the central and state governments.

12 3 4 5 Next »