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Quiz on Financial Awareness

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Question 1

In the opinion of the RBI, which one of the following is/are a threat to the smooth functioning of Indian Companies?
(A) Rising input costs.
(B) High-interest rates.
(C) Inflation 

Question 2

As we all know managing inflation has been a very important aspect of the economy in India. Which of the following is/are true about the inflation and its effects on the economy?
(A) Lack of inflation (deflation) is not necessarily a thing which is always good.
(B) Inflation is an increase in the general level of prices for goods and services.
(C) When inflation goes up the purchasing power of the money also goes up

Question 3

Many people talk about the rollback of stimulus packages provided last year by the Government of India to help certain sectors. If these stimulus packages are rolled back, this would mean that?
(A) Those who have availed these benefits would be required to return them to the Government of India.
(B) No such incentive would be available henceforth to these sectors.
(C) All such benefits/incentives would be available to all the people across the country and will not be restricted to some selected few.

Question 4

What is a Corporate Hedging?

Question 5

India is following a system of "fiat money", while issuing currency. What is 'fiat money'?

Question 6

Which of the following is correct about Reverse Repo Rate?
1) A rate at which the central bank of a country borrows money from commercial banks within the country
2) A monetary policy instrument which can be used to control the money supply in the country
3) An increase in the reverse repo rate will also increase the money supply

Question 7

'HCE' is a technology that emulates a payment card on a mobile device using the software. What is the full form of 'HCE'?

Question 8

What does the second ‘C’ stands for in ‘FCCB’?

Question 9

Which of the following is an asset reconstruction company?

Question 10

ASBA scheme is related to the purchase of ____.
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Mar 23PO, Clerk, SO, Insurance