Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 22-10-2023

 

Dear Readers,

Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness quizzes on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.

1. What is the main difference between demand-pull inflation and cost-push inflation?

मांग-प्रेरित मुद्रास्फीति और लागत-प्रेरित मुद्रास्फीति के बीच मुख्य अंतर क्या है?

a) Demand-pull inflation is caused by an increase in consumer demand, while cost-push inflation is caused by production cost increases.

b) Demand-pull inflation is characterized by falling consumer demand, while cost-push inflation results from increased government spending.

c) Demand-pull inflation is associated with a decrease in aggregate demand, while cost-push inflation is due to higher wages.

d) Demand-pull inflation is primarily driven by monetary policy, while cost-push inflation is influenced by fiscal policy.

e) None of these

Answer: a

2. What does the term "stagflation" refer to?

स्टैगफ्लेशन" शब्द किससे संबंधित है?

a) A period of high inflation and economic growth

b) A period of low inflation and high economic growth

c) A period of high inflation and economic stagnation

d) A period of deflation and economic expansion

e) None of these

Answer: c

3. Which of the following best describes the Phillips Curve?

निम्नलिखित में से कौन फिलिप्स वक्र का सबसे अच्छा वर्णन करता है?

a) A graphical representation of the relationship between unemployment and inflation

b) A measure of changes in the consumer price index (CPI)

c) A financial tool used to hedge against inflation

d) A formula for calculating interest rates

e) None of these

Answer: a

4. Inflation can be measured using various indices. Which one primarily focuses on the prices of goods and services purchased by the average consumer?

मुद्रास्फीति को विभिन्न सूचकांकों का उपयोग करके मापा जा सकता है। कौन सा मुख्य रूप से औसत उपभोक्ता द्वारा खरीदी गई वस्तुओं और सेवाओं की कीमतों पर केंद्रित है?

a) Producer Price Index (PPI)

b) Gross Domestic Product (GDP)

c) Consumer Price Index (CPI)

d) Wholesale Price Index (WPI)

e) None of these

Answer: c

5. What is the term for a situation where inflation and unemployment rise simultaneously, leading to a challenging economic scenario?

उस स्थिति को क्या कहा जाता है जहां मुद्रास्फीति और बेरोजगारी एक साथ बढ़ती है, जिससे एक चुनौतीपूर्ण आर्थिक परिदृश्य उत्पन्न होता है?

a) Hyperinflation

b) Stagflation

c) Deflation

d) Recession

e) None of these

Answer: b

6. The term "core inflation" typically refers to the measure of inflation that excludes the volatile prices of:

शब्द "मुख्य मुद्रास्फीति" आम तौर पर मुद्रास्फीति के माप को संदर्भित करता है जिसमें निम्न की अस्थिर कीमतें शामिल नहीं होती हैं:

a) Food and Energy

b) Housing and Healthcare

c) Luxury goods and services

d) Technology and electronics

e) None of these

Answer: a

7. Which of the following best describes hyperinflation?

निम्नलिखित में से कौन हाइपरइन्फ्लेशन का सबसे अच्छा वर्णन करता है?

a) A mild increase in the price level

b) Extremely rapid and uncontrollable inflation

c) A decrease in the money supply

d) A period of economic stability

e) None of these

Answer: b

8. When central banks implement a policy to reduce the rate of inflation, it is commonly referred to as:

जब केंद्रीय बैंक मुद्रास्फीति की दर को कम करने के लिए कोई नीति लागू करते हैं, तो इसे आमतौर पर कहा जाता है:

a) Tightening monetary policy

b) Expanding monetary policy

c) Fiscal stimulus

d) Deregulation

e) None of these

Answer: a

9. Which economic theory suggests that there is a trade-off between inflation and unemployment, implying that policymakers must choose between the two?

कौन सा आर्थिक सिद्धांत बताता है कि मुद्रास्फीति और बेरोजगारी के बीच एक समझौता है, जिसका अर्थ है कि नीति निर्माताओं को दोनों के बीच चयन करना होगा?

a) Quantity Theory of Money

b) Monetarism

c) Laissez-faire economics

d) Phillips Curve theory

e) None of these

Answer: d

10. What is the primary goal of a central bank when it comes to controlling inflation?

जब मुद्रास्फीति को नियंत्रित करने की बात आती है तो केंद्रीय बैंक का प्राथमिक लक्ष्य क्या होता है?

a) Maximizing economic growth

b) Ensuring price stability

c) Promoting full employment

d) Encouraging government spending

e) None of these

Answer: b