Financial Quiz Questions with Answers for Bank Exams | Indian Finance Quiz

Indian Finance GK: 2018

21. When was the Decimal currency system introduced in India?

a) January 1955
b) April 1955
c) April 1951
d) April 1957

22). The Indian rupee is a legal tender in two other countries. One is Nepal. The other is

a) Pakistan
b) Sri Lanka
c) Bhutan
d) Afghanistan

23. Kerala’s shores are famous for the deposits of

a) Copper
b) Coal
c) Thorium
d) Iron ore

24. Which of the following taxes is the largest source of revenue for the Government of India?

a) Excise
b) Customs
c) Income tax
d) Corporation tax

25. The National Stock Exchange (NSE) is located at

a) Mumbai
b) New Delhi
c) Madras
d) Calcutta

26. What happens to marginal cost when average cost increases

a) Marginal cost is below average cost
b) Marginal cost is above average cost
c) Marginal cost is equal to average variable cost
d) Marginal cost is equal to average cost

27. Development means economic growth with

a) price stability
b) social change
c) inflation
d) deflation

28. Which one of the following is more effective in controlling prices in the long run?

a) decrease in production
b) increase in production
c) decrease in the rate of interest
d) increase in the rate of employment

29. Through open market operations, the RBI purchase and sell

a) foreign exchange
b) gold
c) government securities
d) all of these

30. A firm is said to be of optimum size when

a) average total cost is at a minimum
b) marginal cost is at a minimum
c) marginal cost is equal to marginal revenue
d) the firm is maximizing its profit

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