Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 18-10-2023

 

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 advantage of competition in a mixed economy?

मिश्रित अर्थव्यवस्था में प्रतिस्पर्धा का मुख्य लाभ क्या है?

a) It increases government control.

b) It encourages businesses to lower quality standards.

c) It leads to lower prices, better products, and innovation.

d) It reduces consumer choices.

e) None of these

Answer: c

2. Which sector typically has the most government involvement in a mixed economy?

मिश्रित अर्थव्यवस्था में किस क्षेत्र में आम तौर पर सबसे अधिक सरकारी भागीदारी होती है?

a) Agriculture

b) Services

c) Manufacturing

d) Technology

e) None of these

Answer: a

3. In a mixed economy, what role does the private sector play in driving economic growth?

मिश्रित अर्थव्यवस्था में, निजी क्षेत्र आर्थिक विकास को गति देने में क्या भूमिका निभाता है?

a) The private sector is the sole driver of economic growth.

b) The private sector plays no role in economic growth.

c) The private sector, along with the government, contributes to economic growth.

d) The private sector only benefits from economic growth initiated by the government.

e) None of these

Answer: c

4. Which government agency is responsible for regulating and promoting fair competition in the United States?

संयुक्त राज्य अमेरिका में निष्पक्ष प्रतिस्पर्धा को विनियमित करने और बढ़ावा देने के लिए कौन सी सरकारी एजेंसी जिम्मेदार है?

a) IRS (Internal Revenue Service)

b) FDA (Food and Drug Administration)

c) SEC (Securities and Exchange Commission)

d) FTC (Federal Trade Commission)

e) None of these

Answer: d

5. How does the concept of "consumer sovereignty" relate to competition in a mixed economy?

"उपभोक्ता संप्रभुता" की अवधारणा मिश्रित अर्थव्यवस्था में प्रतिस्पर्धा से कैसे संबंधित है?

a) It means consumers have complete control over government decisions.

b) It implies that consumers are the ultimate decision-makers in the market through their choices.

c) It suggests consumers have no say in the products available in the market.

d) It refers to government intervention in consumer choices.

e) None of these

Answer: b

6. Which economic system tends to have the least government intervention in economic activities?

किस आर्थिक प्रणाली में आर्थिक गतिविधियों में सरकारी हस्तक्षेप सबसे कम होता है?

a) Capitalism

b) Socialism

c) Communism

d) Mixed economy

e) None of these

Answer: a

7. What is an antitrust law, and how does it relate to competition in a mixed economy?

अविश्वास कानून क्या है और यह मिश्रित अर्थव्यवस्था में प्रतिस्पर्धा से कैसे संबंधित है?

a) Antitrust laws promote monopolies and stifle competition.

b) Antitrust laws aim to prevent unfair business practices and promote competition.

c) Antitrust laws are regulations that favour government-owned businesses.

d) Antitrust laws regulate labour unions.

e) None of these

Answer: b

8. In a mixed economy, what is the significance of income redistribution policies?

मिश्रित अर्थव्यवस्था में आय पुनर्वितरण नीतियों का क्या महत्व है?

a) They encourage businesses to dominate the market.

b) They aim to reduce income inequality by redistributing wealth.

c) They promote corporate monopolies.

d) They have no impact on the economy.

e) None of these

Answer: b

9. Which country is often cited as an example of a mixed economy that combines free-market capitalism with a robust welfare state?

किस देश को अक्सर मिश्रित अर्थव्यवस्था के उदाहरण के रूप में उद्धृत किया जाता है जो मुक्त बाजार पूंजीवाद को एक मजबूत कल्याणकारी राज्य के साथ जोड़ता है?

a) China

b) Japan

c) United States

d) Denmark

e) None of these

Answer: d

10. What does "invisible hand" refer to in the context of a mixed economy?

मिश्रित अर्थव्यवस्था के संदर्भ में "अदृश्य हाथ" का क्या तात्पर्य है?

a) Government intervention in the economy.

b) The idea that consumers' choices guide the market.

c) A physical mechanism used in economic planning.

d) A government agency responsible for regulating competition.

e) None of these

Answer: b