Practice Question and Answer

Q: Most modern Banking Systems are based on 1719 0

  • 1
    commodity money
    Correct
    Wrong
  • 2
    100 percent reserves
    Correct
    Wrong
  • 3
    fractional reserves
    Correct
    Wrong
  • 4
    money of intrinsic value
    Correct
    Wrong
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Answer : 3. "fractional reserves"
Explanation :

Answer: C) fractional reserves Explanation: Most modern banking systems are based on Fractional reserves.   Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Reserves are held as currency in the bank, or as balances in the bank's accounts at the central bank. 1. In a fractional reserve banking system banks can create money through the lending process. 2. A fractional reserve banking system is susceptible to bank panics. 3. Bank panics are a risk of fractional reserve banking, but are unlikely when banks are highly regulated and lend prudently.

Q: Who won the US Open 2018? 1719 0

  • 1
    Brooks Koepka
    Correct
    Wrong
  • 2
    Tommy Fleetwood
    Correct
    Wrong
  • 3
    T. Finau
    Correct
    Wrong
  • 4
    D. Johnson
    Correct
    Wrong
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Answer : 1. "Brooks Koepka"
Explanation :

Answer: A) Brooks Koepka Explanation: Brooks Koepka shot a final round 68 for 281 (+1) to win his second straight U.S. Open, one stroke ahead of runner-up Tommy Fleetwood, who closed with the sixth round of 63 in U.S. Open history.

Q: Which Indian city is named after the snake Anantha of Lord Vishnu? 1719 0

  • 1
    Trivandrum
    Correct
    Wrong
  • 2
    Tiruchirappalli
    Correct
    Wrong
  • 3
    Tanjavore
    Correct
    Wrong
  • 4
    Vellore
    Correct
    Wrong
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Answer : 1. "Trivandrum"
Explanation :

Answer: A) Trivandrum Explanation: Thiruvananthapuram also known as Trivandrum, is the capital and the largest city of the Indian state of Kerala is named after the snake Anantha of Lord Vishnu.

Q: Modem is used mostly for ? 1718 0

  • 1
    A modern empty memory modules
    Correct
    Wrong
  • 2
    Connecting to internet
    Correct
    Wrong
  • 3
    Mostly for file system
    Correct
    Wrong
  • 4
    All the above
    Correct
    Wrong
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Answer : 2. "Connecting to internet"
Explanation :

Answer: B) Connecting to internet Explanation: A modem is nothing but short for Modulator and Demodulator. It is used mostly for connecting to the internet. A modem is a device or program that enables a computer to transmit data over, for example, telephone or cable lines. Computer information is stored digitally, whereas information transmitted over telephone lines is transmitted in the form of analog waves.

Q:

A written statement about someone’s character, usually provided by an employer-

1718 0

  • 1
    Testimonial
    Correct
    Wrong
  • 2
    Memorandum
    Correct
    Wrong
  • 3
    Certificate
    Correct
    Wrong
  • 4
    Licence
    Correct
    Wrong
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Answer : 1. "Testimonial"

Q: Which unit of valuation is known as paper gold? 1718 0

  • 1
    SDR
    Correct
    Wrong
  • 2
    Eurodollar
    Correct
    Wrong
  • 3
    GDR
    Correct
    Wrong
  • 4
    Petrodollar
    Correct
    Wrong
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Answer : 1. "SDR"
Explanation :

Answer: A) SDR Explanation: SDR means Special Drawing Rights.   SDRs are a measure of a country's reserve assets with IMF and, whereas not 'money' in the strict sense, have several characteristics of money as interest-bearing assets, store of value, and means of settling indebtedness.   International financing instrument created in 1970 by the International Monetary Fund (IMF) to coincide with the disfavor of the US dollar as the principal currency of the world trade. Also called paper gold, an SDR is neither paper nor gold but an accounting entry. It is not backed by any currency or precious metal and is used only among governments and IMF for balance Of payments settlements.

Q:

Study the table and answer the questions and give answer the following questions.

In  which year , the difference between the highest and the average marks in maths was maximum?

1718 0

  • 1
    2007
    Correct
    Wrong
  • 2
    2009
    Correct
    Wrong
  • 3
    2008
    Correct
    Wrong
  • 4
    2010
    Correct
    Wrong
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Answer : 3. "2008"

Q: The first Congress and nationalist leader to face repeated imprisonment was 1718 0

  • 1
    Pheroze Shah Mehta
    Correct
    Wrong
  • 2
    BG Tilak
    Correct
    Wrong
  • 3
    Gopal Krishna Gokhale
    Correct
    Wrong
  • 4
    Dadabhai Naoroji
    Correct
    Wrong
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Answer : 2. "BG Tilak"
Explanation :

Answer: B) BG Tilak Explanation:

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