Saturday, June 6, 2015

Bankoncepts Android App



Bankoncepts Android App


We are pleased to inform you, that we have just launched Android App for Bankoncepts, fulfilling the request of many of our ardent readers.

Now you can use this Android Application to browse our Bankoncepts site in your smartphone, without any hassle. Note that only Android is supported for now.

Download Link - Click Me


Note - Since this Android App is not yet available in Android Market, and you are downloading from different sources, before installing you could require the following steps:  Settings -> Security -> Unknown Sources -> Allow (Tick mark)

Be informed that NO spyware / malware is there in the app.









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Day 48 - Questions


Day 48 - Inflation Targeting

( Inflation Targeting )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Inflation targeting refers to -
a.  explicit declaration of central bank to keep inflation within the limit
b.  explicit declaration of government to keep inflation within the limit
c.  internal target of central bank to keep inflation within the limit, but without explicit declaration
d.  internal target of government to keep inflation within the limit, but without explicit declaration

2.  Inflation Targeting in India is based on -
a.  WPI-based Inflation
b.  CPI-based Inflation
c.  PPI-based Inflation
d.  None of the above

3.  What is the Inflation target of RBI for the period up to January 2016?
a.  below 4 %
b.  below 5 %
c.  below 6 %
d.  none of the above

4.  What is the Inflation target of RBI for the period starting from FY 2016-17?
a.  4 % (+/- 2 %)
b.  4 % (+/- 1 %)
c.  3 % (+/- 2 %)
d.  3 % (+/- 1 %)

5.  Inflation Targeting of RBI is recommended by which of the following Committee?
a.  Usha Thorat committee
b.  Urjit Patel committee
c.  Chakravarty committee
d.  none of the above


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Friday, June 5, 2015

Day 47 - Questions


Day 47 - Inflation terms

( Inflation, Deflation, Reflation, Disinflation, Hyperinflation, Stagflation )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following refers to Reflation?
a.  decreasing inflation rate by government
b.  increasing inflation rate by government
c.  balancing inflation rate by government
d.  none of the above

2.  Reflation by government may be necessary in which of the following situation?
a.  highly inflated economy
b.  highly deflated economy
c.  both (a) and (b)
d.  none of the above

3.  If the government tries to decrease the Inflation rate of the economy, then it will be known as -
a.  Reflation
b.  Deflation
c.  Disinflation
d.  Stagflation

4.  Disinflation by government may be necessary in which of the following situation?
a.  highly inflated economy
b.  highly deflated economy
c.  both (a) and (b)
d.  none of the above

5.  Which of the following is/are correct opposite of each other?
i.  Inflation - Disinflation
ii.  Inflation - Deflation
iii.  Inflation - Reflation
iv.  Reflation - Disinflation
v.  Deflation - Disinflation

a.  Only i, iii and v
b.  Only ii and iv
c.  All except v
d.  Only ii

6.  Hyperinflation refers to an extreme situation of Inflation in an economy, when the country experiences very high price level of goods and the real value of money is very low. 

Which of the following could be the best option in this situation?
a.  Hold more domestic currency
b.  Hold more foreign currency 
c.  Both (a) and (b)
d.  None of the above

7.  Stagflation is an extreme situation of Inflation in an economy, when the country is in highly inflated stated, in combine with -
a.  high employment
b.  high unemployment
c.  high forex reserve
d.  low forex reserve




Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



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Thursday, June 4, 2015

Day 46 - Questions


Day 46 - Measurement of Inflation - WPI, CPI, PPI

( Measurement of Inflation - Wholesale Price Index, Consumer Price Index, Producer Price Index )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following Indices measures Inflation in retail level?
a.  WPI
b.  CPI
c.  PPI
d.  None of the above

2.  Which of the following is/are used to measure WPI?
a.  Primary articles (e.g., food, non-food, mineral, etc.)
b.  Fuel and Power (e.g., coal, mineral, oil, electricity,etc.)
c.  Manufactured articles (food products, beverages, transport, etc.)
d.  All of the above

3.  Which of the following committee recommended to use CPI, instead of WPI, to measure Inflation in India?
a.  Bimal Jalan committee
b.  Urjit Patel committee
c.  Mukul Mudgal committee
d.  None of the above

4.  PPI is used to measure Inflation at which level?
a.  Wholesale
b.  Retail
c.  Producer
d.  None of the above

5.  What is the full form of CPI?
a.  Consumption Price Index
b.  Consumer Price Index
c.  Control Price Index
d.  Civil Price Index




Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



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Wednesday, June 3, 2015

Day 45 - Questions


Day 45 - Inflation - Stages and Types

( Inflation, Stages of Inflation, Types of Inflation )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Inflation refers to -
a.  increase in value of currency
b.  decrease in value of currency
c.  increase in value of commodities
d.  decrease in value of commodities

2.  If the prices of commodities become less than that of the base year, then it is known as -
a.  Inflation
b.  Deflation
c.  Revaluation
d.  Devaluation

3.  Hyper-inflation generally refers to -
a.  2 - 4 % inflation
b.  4 - 10 % inflation
c.  10 - 20 % inflation
d.  more than 20 % inflation

4.  Demand-pull Inflation occurs, if -
a.  demands exceed available supply
b.  demands become less than available supply
c.  Both (a) and (b)
d.  None of the above

5.  Oligopolistic Inflation is also known as -
a.  Demand Pull Inflation
b.  Pricing Power Inflation
c.  Cost Push Inflation
d.  Sectoral Inflation

6.  If the cost of raw materials increases, then the cost of final product also increases. If this situation leads to inflation, then it will be referred to as -
a.  Demand Pull Inflation
b.  Pricing Power Inflation
c.  Cost Push Inflation
d.  Sectoral Inflation

7.  Which of the following could lead to Sectoral Inflation?
a.  Demand of a product is much more than the available supply
b.  Price of a product is drastically increased by a producer, because it enjoys monopoly on the market
c.  Cost of raw materials is increased, making the final product more costlier
d.  Price of a product increased, due to the rise in price in the (another) sector on which it depends on




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Tuesday, June 2, 2015

Day 44 - Questions


Day 44 - Devaluation and Revaluation

( Devaluation and Revaluation, Devaluation vs. Depreciation, Devaluation vs. Redenomination)


Recommended Study links - (Go through these topics before attempting MCQs)


1.  If government deliberately decreases the value of its currency, then it is known as -
a.  Appreciation of currency
b.  Depreciation of currency
c.  Revaluation of currency
d.  Devaluation of currency

2.  If government deliberately increases the value of its currency, then it is known as -
a.  Appreciation of currency
b.  Depreciation of currency
c.  Revaluation of currency
d.  Devaluation of currency

3.  If market forces of the world economy decreases the value of a currency, without intervention of governments, then it is known as -
a.  Appreciation of currency
b.  Depreciation of currency
c.  Revaluation of currency
d.  Devaluation of currency

4.  If market forces of the world economy increases the value of a currency, without intervention of governments, then it is known as -
a.  Appreciation of currency
b.  Depreciation of currency
c.  Revaluation of currency
d.  Devaluation of currency

5.  If the face value of a currency is changed (increased or decreased), without changing the foreign exchange rate/conversion rate, the it is known as -
a.  Appreciation or Depreciation of currency
b.  Revaluation or Devaluation of currency
c.  Re-denomination of currency
d.  None of the above




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Monday, June 1, 2015

Day 43 - Questions


Day 43 - Appreciation and Depreciation

( Appreciation and Depreciation )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Exchange rate or Conversion rate is -
a.  the rate at which a currency is converted to another currency
b.  the rate at which a bank pays interest to its savings deposits
c.  the rate charged at foreign transactions
d.  none of the above

2.  If conversion rate of INR to USD increases, then the valuation of Indian Rupees -
a.  increases
b.  decreases
c.  has no change
d.  none of the above

3.  In depreciation, the valuation of a currency -
a.  increases
b.  decreases
c.  has no change
d.  none of the above

4.  If the valuation of a currency is increased with respect to another currency, then it is known as -
a.  appreciation
b.  depreciation
c.  devaluation
d.  revaluation

5.  Which of the following currency is the most valuable currency in the world as of Jan 2015?
a.  US Dollar (USD)
b.  Euro (EUR)
c.  British Pound Sterling
d.  Kuwaiti Dinar (KWD)




Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



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