Top 80+ Solved Economics and Banking for Tourism Management MCQ Questions Answer
Q. Which is the system followed by RBI with regard to note issue?
a. Fixed Minimum System
b. Fixed System
c. Fixed minimum Reserve System
d. None of these
Q. Which bank introduced credit card for the first time in India
a. Central Bank of India
b. Corporate Bank
c. Syndicate Bank
d. None of these
Q. What you call the cost incurred in producing an additional unit of output
a. Average cost
b. Marginal cost
c. Social cost
d. Sunk Cost
Q. What is the name of the bank account opened by non-resident Indians
a. NRI a/c
b. NRO a/c
c. Savings a/c
d. None of these
Q. The want satisfying power of a commodity is known as______________
a. Demand
b. Utility
c. Scarcity
d. None of these
Q. An organization which accepts deposit that can be withdrawn as demark is known as_______
a. A firm
b. An institution
c. A bank
d. None of these
Q. Who is an employee of a bank who deals directly with most customers
a. Teller
b. Mick
c. ATM
d. None of these
Q. The rate at which the RBI lends short term money to the banks
a. Bank Rate
b. Repo rate
c. Credit rate
d. Reverse repo rate
Q. The rate at which banks park their short term excess liquidity with the RBI is known as
a. Repo rate
b. Reverse repo rate
c. Bank Rate
d. None of these
Q. Bank rate is also known as ______________________
a. Discount rate
b. Credit rate
c. Repo rate
d. None of these
Q. An ATM card is a ________________card?
a. Credit Card
b. Debit Card
c. Bank card
d. None of these
Q. Expand PIN
a. Printing Identity Number
b. Personal Identification Number
c. Personal Identity Number
d. None of these
Q. Which device sorts and counts coins at the same time
a. Coin Counter
b. Coin sorter
c. Micro fiche
d. None of thes