Q. According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to -
1) improve
2) diminish
3) remain constant
4) first diminish and then
Q. Which one of the following statements about Exchange-Traded Fund (ETF) is not correct ?
1) It is a marketable security
2) It experiences price changes throughout the day
3) It typically has lower daily liquidity and higher fees than mutual fund shares
4) As ETF does not have its net asset value calculated once at the end of every day
Q. Which one of the following is the maximum age of joining National Pension System (NPS) under the NPS-Private Sector?
1) 55 years
2) 60 years
3) 65 years
4) 70 years
Q. The main target group for SIP Schemes are -
1) All HNIs
2) All NRIs
3) All Salaried persons
4) All agriculturists
Q. Which of the following best defines a floating-rate bond ?
1) A bond with a fixed interest rate and has better yield than varying interest rate bond
2) A bond with a fixed interest rate and has lower yield than varying interest rate bond
3) A bond with varying interest rate and has better yield than fixed interest rate bond
4) A bond with a varying interest rate and has lower yield than fixed interest rate bond
Q. The Cabinet Committee on Investments has been set up to address which of the following?
1) To submit a report on the hurdles creating bottle-necks in the economy
2) To boost big ticket investments and untangle red-tapism
3) To fast track disinvestment in PSUs
4) To attract foreign investment into India
Q. At present, how many countries are the members of the International Monetary Fund (IMF) ?
1) 188
2) 189
3) 187
4) 190
Q. Narsimhan Committee-II was set up for which of the following purposes ?
1) Efficiency and Productivity
2) Banking reform process
3) Export of IT sector
4) Fiscal Reform process
Q. When did the rupee become a freely convertible currency in the current account of India ?
1) 1994
2) 1999
3) 2000
4) 2001
Q. From the banking perspective, the use of ATM can be called :
1) Personal banking
2) Mobile banking
3) Internet banking
4) Branchless banking
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