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CAIIB ABM Module A Quiz Set 1

This quiz has 20 questions. Select the correct answer and finally click Get Results button provided below and the answers
would be displayed in the text box provided there.

All The Best !!!.

Time Limit = 10 minutes

1. CPI measures prices at ____.
a. Wholesale Level
b. Consumer Level
c. Retail Level
d. None of these

2. Broad money is indicated by ___.

a. M1
b. M2
c. M3
d. M4

3. Which combination is wrong for definition of economics?

a. Alfred Marshall - welfare definition
b. Lionel Robbions - Scarcity definition
c. Adam Smith - wealth definition
d. Alfred Marshall - wealth definition

4. In demand curve, quantity and prices are ______ related.

a. Directly
b. Inversely
c. Indirectly
d. Market

5. Which price index is used in India to calculate inflation for policy formulation?
a) Consumer price index
b) GDP deflator
c) Wholesale price index
d) Retail price index

6. The equilibrium price is also known as _____.

a) Market price
b) Optimum price
 c) Real price
d) Market-clearing price

7. Macro Economics does not deal with ____.

a) GDP
b) Unemployment Rates
c) Individual Firms
d) Price Indices

8. Money is anything which performs the following. Pick up the odd one.
a) A measure of value
b) Medium of exchange
c) A store of value over time
d) Measure of prosperity

9. Narrow Money consists of ______.

a. Currency with the public + demand deposits with the banking system + other deposits with the RBI
b. Currency with the public + time deposits + other deposits
c. Time deposits + demand deposits + other deposits with the RBI
d. Currency with the public + Demand Deposits

10. Who gave wealth theory (definition) of economics?

a. Alfred Marshall
b. Lionel Robbions
c. Adam Smith
d. None of these

11. ______ is a measure of level of prices of all new, domestically produced final goods and services in an
economy.
a. WPI
b. GDP deflator
c. Price index
d. CPI

12. Shifts in supply means ____.

a. When changes in factors other than goods own price affect the quantity supplied
b. When changes in goods own price affect the quantity supplied
c. Both a and b
d. None of these

13. Who gave welfare theory of economics?

a) Alfred Marshall
b) Lionel Robbions
c) Adam Smith
d) None of these
14. Economic Sector reforms were started in India in ____.
a) 1983
b) 1985
c) 1991
d) 1981

15. In ____ phase of business cycle, unemployment will be widespread.

a) Recession
b) Depression
c) Recovery
d) Boom

16. In ____ phase of business cycle, underemployment will be widespread.

a) Recession
b) Depression
c) Recovery
d) Boom

17. Who is considered as father of Modern Economics?

a) Alfred Marshall
b) Lionel Robbions
c) Adam Smith
d) None of these

18. Factors of production are categorized into ___ categories.

a) 2
b) 3
c) 4
d) 5

19. Indices for fuel group are announced _____.

a) Daily
b) Weekly
c) Monthly
d) Yearly

20. Which one is not an economic activity?

a) Investment
b) Production
c) Consumption
d) None of these

Get score Clear answers

Score = 0%
Correct Answers:
1. c
2. c
3. d
4. b
5. c
6. d
7. c
8. d
9. a
10. c
11. b
12. a
13. a
14. c
15. a
16. b
17. c
18. c
19. b
20. d

Incorrect selections =