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Test: Economic & Social - 8 - Bank Exams MCQ


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30 Questions MCQ Test IBPS PO Mock Test Series 2024 & Past Year Papers - Test: Economic & Social - 8

Test: Economic & Social - 8 for Bank Exams 2024 is part of IBPS PO Mock Test Series 2024 & Past Year Papers preparation. The Test: Economic & Social - 8 questions and answers have been prepared according to the Bank Exams exam syllabus.The Test: Economic & Social - 8 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Economic & Social - 8 below.
Solutions of Test: Economic & Social - 8 questions in English are available as part of our IBPS PO Mock Test Series 2024 & Past Year Papers for Bank Exams & Test: Economic & Social - 8 solutions in Hindi for IBPS PO Mock Test Series 2024 & Past Year Papers course. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free. Attempt Test: Economic & Social - 8 | 40 questions in 24 minutes | Mock test for Bank Exams preparation | Free important questions MCQ to study IBPS PO Mock Test Series 2024 & Past Year Papers for Bank Exams Exam | Download free PDF with solutions
Test: Economic & Social - 8 - Question 1
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KYC means

Test: Economic & Social - 8 - Question 2
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Why are interest rates charged by Micro Finance Institutions (MFIs) higher than lending rates of banks?

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Test: Economic & Social - 8 - Question 3
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Assume that Reserve Bank of India reduces the bank rate by 1%, what will be its impact?

Test: Economic & Social - 8 - Question 4
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Which of the following is not a programme/agency of the Union Ministry of Finance?
Detailed Solution for Test: Economic & Social - 8 - Question 4

The correct answer is C: Central Rural Sanitation Programme.

The Central Rural Sanitation Programme is not under the Union Ministry of Finance; it is a programme of the Ministry of Drinking Water and Sanitation (now under the Ministry of Jal Shakti).

The other options are associated with the Union Ministry of Finance:

  • A: Investor Education and Protection Governance (IEPG) (should be Investor Education and Protection Fund, IEPF) is under the Ministry of Finance.
  • B: National Foundation for Corporate Governance (NFCG) is also under the Ministry of Finance.
  • D: Investment Commission was established under the Ministry of Finance.
Test: Economic & Social - 8 - Question 5
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In relation to banking, what do you understand by 'Ever-Greening of loan Account' ?
Test: Economic & Social - 8 - Question 6
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In which of the following state owned air lines, the government has for the first time allowed Foreign Direct Investment (FDI) with a limit of 49 percent under approval route?
Test: Economic & Social - 8 - Question 7
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What is the current Marginal Standing Facility (MSF) Rate?
Test: Economic & Social - 8 - Question 8
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What are the environmental risks likely to happen in 2018, As per World Economic Forums’s (WEF’s) Global Risks Report 2018, published on January 17, 2018?
Detailed Solution for Test: Economic & Social - 8 - Question 8

As per the World Economic Forum's (WEF) Global Risks Report 2018, the following environmental risks were highlighted as significant concerns likely to happen:

  1. Extreme Weather Events: The report identified extreme weather events, such as storms, floods, and heatwaves, as the top global risk in terms of likelihood. These events are becoming more frequent and intense due to climate change.

  2. Natural Disasters: This includes earthquakes, tsunamis, and volcanic eruptions, which can cause widespread damage and have a severe impact on communities and economies.

  3. Failure of Climate Change Mitigation and Adaptation: The report emphasized the risk of not effectively addressing climate change through mitigation and adaptation strategies. Failure in this area could lead to severe long-term consequences for the environment, economies, and societies.

  4. Biodiversity Loss and Ecosystem Collapse: The report highlighted concerns about the rapid loss of biodiversity and the potential collapse of ecosystems, which could have significant consequences for food security, health, and the stability of the global environment.

  5. Man-Made Environmental Disasters: This includes risks such as oil spills, industrial accidents, and nuclear incidents, which can have catastrophic effects on the environment and human health.

  6. Water Crises: The report also pointed out the risk of water crises, including the shortage of potable water, which could lead to conflict and migration, as well as threaten agricultural production and overall economic stability.

These environmental risks were seen as interconnected, often exacerbating each other and contributing to a complex web of challenges that require global cooperation and effective policy responses.

Test: Economic & Social - 8 - Question 9
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In an effort to safeguard the world from hackers and secure global cyberspace, the World Economic Forum (WEF) has announced the launch of a new Global Centre for Cybersecurity. The headquarter of the centre will be located in which city?
Test: Economic & Social - 8 - Question 10
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According to the 2018 Global Economics Prospect released by the World Bank, what is the projected GDP growth rate of India for the year 2018?
Test: Economic & Social - 8 - Question 11
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The Group of Monuments at Hampi have been selected as one of the 10 tourist destinations to be developed as ‘Iconic Tourism Site’ as stated in the Union Budget 2018-19. Hampi monuments are located in which state?
Test: Economic & Social - 8 - Question 12
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India has emerged as the top borrower from the Asian Infrastructure Investment Bank (AIIB) in the year 2017 with loan amount worth of USD _____billion
Test: Economic & Social - 8 - Question 13
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Ministry of Water Resources, River Development and Ganga Rejuvenation and the Government of India has signed a Memorandum of Understanding (MoU) with which two states for completion of balance works of North Koel reservoir project at an estimated cost of Rs. 1622.27 crore?
Test: Economic & Social - 8 - Question 14
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Which State Government announced that it would be obtaining electric vehicles under the Central Government’s Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme?
Test: Economic & Social - 8 - Question 15
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Union Ministry of Road Transport and Highways signed a memorandum of understanding (MoU) with the Transport System of which country, to revamp the public transport system in India?
Detailed Solution for Test: Economic & Social - 8 - Question 15

Transport for London (TfL) and the Ministry of Road Transport and Highways India (MoRTH) signed a memorandum of understanding (MoU) on bilateral cooperation in urban transport policy, planning, technology transfer and institutional organisation for transport on 10 January.

Test: Economic & Social - 8 - Question 16
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Which of the following is the leading export item among Indian Plantaion Crops?
Test: Economic & Social - 8 - Question 17
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The "Year of Great Divide" refers to
Test: Economic & Social - 8 - Question 18
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Which measure comes under quantitative credit controls adopted by Central Bank of the Country ?
Test: Economic & Social - 8 - Question 19
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In 1955, Imperial Bank of India, a leading commercial bank of that time, was nationalised and renamed as:
Test: Economic & Social - 8 - Question 20
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'Budget' is an
Test: Economic & Social - 8 - Question 21
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The logo of Census 2001 contains:
Test: Economic & Social - 8 - Question 22
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The Kisan Credit Card Scheme, introduced in 1998-99,is an innovative mechanism for facilitating.....:
Test: Economic & Social - 8 - Question 23
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Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development. But if it fails, it generates:
Test: Economic & Social - 8 - Question 24
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Which of the following States has the largest reserves of Lignite?
Test: Economic & Social - 8 - Question 25
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Hawala transations relate to payments :
Test: Economic & Social - 8 - Question 26
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The prices at which the govt purchases food grains for maintaining the Public Distribution System and for building up buffer-stocks is known as :
Test: Economic & Social - 8 - Question 27
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Which one of the following denotes the size of an operational holding in Indian Agriculture ?
Test: Economic & Social - 8 - Question 28
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Consider the following countries :
1. U.K.
2. U.S.A.
3. Russia
4. Germany
The correct sequence of the major Indian exports to these countries in decreasing order of value in the year 1997-98 is
Test: Economic & Social - 8 - Question 29
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Price mechanism is a feature of-
Test: Economic & Social - 8 - Question 30
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The following items consist of two statements, one labelled as , "Assertion A" and the other labelled as "Reason R". You are to examine these two statements carefully and decide if the Assertion A and the Reason R are individually true and if so, whether the Reason is a correct explanation of the Assertion. Select your answers to these items using the codes given below and mark your answer sheet accordingly.
Assertion (A) : Productivity of land in India is low.
Reason (R) : Small farmers are not motivated to produce more.
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