IBPS  RRB Office Assistant & Officer Grade-I/II/III/Bank of Baroda PO/ IDBI Bank Assistant Manager/Union Bank of India Economy & Banking Questions 2014

Question 1. The 23rd World Economic Forum on East Asia was recently concluded in
a) Thailand                            b) Philippines
c) Vietnam                          d) Indonesia

Question 2. The share of deposits that banks must maintain in safe and liquid assets such as government securities, is known as
a) Repo                             b) Reverse Repo
Economy & Banking GK Questions 2014

c) SLR                             d) CRR

Question 3. Which among the following countries will become the 19th member of the Eurozone as it is set to adopt the Euro on January 1, 2015?
a) Denmark                    b) The UK
c) Lithuania                    d) Latvia

Question 4. According to the latest available data as of June 2014, what was India,s economic growth in 2013-14?
a) 4%             b) 4.7%        c) 5.3%        d) 5.7%

Question 5. On the basis of recommendations of which which among the following committees, the credit policy of RBI is now reviewed after every two months instead of earlier system of 45 days?
a) PJ Nayak Committee
b) Nachiket Mor Committee
c) Urjit Patel Committee
d) UK Sinha Committee

Question 6. The Purchasing Manager's Index (PMI) is an economic gauge for measuring the wellbeing of which among the following economic sectors?
a) Manufacturing                         b) Retail
c) Real Estate                             d) Agriculture

Question 7. The Technology Upgradation Fund Scheme (TUFS) is a policy initiative for which among the following sectors?
a) Textile Sector                        
b) Manufacturing sector
c) Information Technology sector
d) Agro-industries sector

Question 8. Recently, which among the following banks has organised "The Banking and Economics Conclave 2014" a national level banking conclave for the first time ?
a) State Bank of India
b) Canara bank
c) State bank of Mysore
d) Vijaya Bank

Question 9. What is the objective of the government behind setting-up a Minimum Export Price (MEP) for a particular commodity?
a) To promote exports
b) To discourage imports
c) To check price rise
d) To provide subsidy to producers

Question 10. Who among the following can invest in capital markets in India through Portfolio Investment?
a) Non Resident Indians (NRIs)
b) Foreign Institutional Investments (FIIs)
c) Persons of Indian Origin (PIO)
Chose the correct answer from the options given below.
a) 1 and 2             b) 2 and 3
c) 1and 3              d) 1,2 and 3

Question 11. Recently, the Reserve Bank of India (RBI) hiked the rupee limit for residents and non-residents for travelling abroad. The amount permissible was .............. in Indian currency notes while leaving the country.
a) 25000                      b) 15000
c) 30000                     d) 50000

Question 12. Who among the following was recently appointed as the new CEO of Infosys?
a) NS Raghavan
b) K Dinesh
c) Ashok Arora
d) Vishal Sikka

ANS KEY
1(B), 2(C), 3(C), 4 (B), 5 (C), 6 (A), 7 (A), 8 (A), 9 (C), 10 (D), 11 (A), 12 (D)  

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