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Explore popular questions from History of Banking & its Development for IBPS. This collection covers History of Banking & its Development previous year IBPS questions hand picked by experienced teachers.

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History of Banking & its Development

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Q 1. In India, planned economy is based on

A

Gandhian system

Socialist system

C

Capitalist system

D

Mixed economy system

Explanation

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Q 2. GDP deflator is used to:

A

measure the relative reduction in GDP growth rate of a country.

measure the inflation in a country.

C

compare the GDP of a country vis a vis other countries of the world.

D

estimate the purchasing power of the citizen of a country.

Explanation

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Q 3. Who coined the term 'Hindu rate of growth' for Indian Economy?

A

A.K. Sen

B

Kirit S. Parich

Raj Krishna

D

Montek Singh Ahluwalia

Explanation


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Q 4. What does term 'Green shoots' represent in an Economy?

A

signs of growth of agriculture sector in a growing economy

signs of economic recovery during an economy downturn.

C

signs of growth of agriculture sector in a declining economy

D

signs of economic decline in a developed economy.

Explanation

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Q 5. One of the reasons for India's occupational structure remaining more or less the same over the years has been that

investment pattern has been directed towards capital intensive industries

B

productivity in agriculture has been high enough to induce people to stay with agriculture

C

Ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture

D

People are largely unaware of the significance of transition from agriculture to industry for economic development

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Q 6. If it will be true to classify India as

A

a food-deficit economy

a labour-surplus economy

C

a trade-surplus economy

D

a capital-surplus economy

Explanation

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Q 7. In terms of economics, the total value of the output (goods and services) produced and income received in a year by a domestic resident of a country put together is called

A

Net National Product

Gross National Product

C

Gross National Income

D

National Income

Explanation


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Q 8. Which one of the following is not a method of measurement of National Income?

A

Value Added Method

B

Income Method

C

Expenditure Method

Investment Method

Explanation


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Q 9. Human Development Index comprises literacy rates, life expectancy at birth and

A

GDP per head in the US dollars.

B

GDP per head at real purchasing power.

C

GNP in US dollars

National Income per head in US dollars.

Explanation

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Q 10. Which among the following is considered to be the best measure of an increase in a country's economic efficiency?

A

Increase in annual private investment.

B

Increase in real national income.

Increase in real per capita income.

D

Increase in net annual investment.

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Q 11. Consider the following statements in regard to Gross National product (GNP):
1. Gross National Product refers to the money value of total output or production of final goods and services produced by the nationals of a country during a given period of time.
2. In the calculation of GNP, we include the money value of goods and services produced by nationals outside the country

A

1 only

B

2 only

C

Neither 1 nor 2

Both 1 and 2

Explanation

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Q 12. Consider the following specific stages of demographic transition associated with economic development :
1. Low birth rate with low death rate
2. High birth rate with high death rate
3. High birth rate with low death rate
Select the correct order of the above stages using the codes given below :

A

{tex} 1,2,3 {/tex}

B

{tex} 2,1,3 {/tex}

{tex} 2,3,1 {/tex}

D

{tex} 3,2,1 {/tex}

Explanation

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Q 13. Consider the following statements
1. The current Economic Census is the seventh in the series so far conducted in India.
2. The Economic Census in India is undertaken by the Department of Economic Affairs (Union Ministry of Finance).
Which of the statements given above is/are correct?

A

Only 1

B

Only 2

C

Both 1 and 2

Neither 1 nor 2

Explanation


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Q 14. Which of the following are the main causes of slow rate of growth of per capita income in India?
1. High capital output ratio
2. High rate of growth of population
3. High rate of capital formation
4. High level of fiscal, deficits
codes:

A

1, 2, 3 and 4

B

2, 3 and 4

C

1, 3 and 4

1 and 2

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Q 15. Which of the following is/are economic activity?
{tex} \begin{array} { l l } { \text { 1. Profit and Loss } } & { \text { 2. Salary } } \\ { \text { 3. Employment } } & { \text { 4. occupation } } \end{array} {/tex}

A

1 and 2

B

1, 2 and 3

1, 2, 3 and 4

D

4 only

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Q 16. Consider the following statement
1. The immediate objective is to address the unmet needs for contraception, health care infrastructure and basic reproductive and child health care.
2. The medium-term objective is to bring the Total Fertility Rate ({tex} \mathrm {TFR} {/tex}) to replacement levels of 2.1 by 2010 .
3. The long-term objective is to achieve a stable population by {tex} 2045 , {/tex} at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.
Which of the following statement is true for {tex} \mathrm {NPP} {/tex} objective?

A

1 only

B

2 only

C

3 only

1, 2 and 3

Explanation


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Q 17. With reference to 'Economics' which statement is correct?
1. Economics is an area where people, society and government prioritize their choices in the process of using the infrequent reserves to satisfy the various needs and wants of life.
2. Economics is considered an exercise in the space-time continuum.
3. Economics is considered an exercise in the time continuum.

A

1 only

1 and 2

C

3 only

D

1, 2 and 3

Explanation

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Q 18. Consider the following statements :
(1) Higher growth in GDP and population can occur together.
(2) Per capita income always decreases with high population growth.
Which of the statements given above is/are correct?

A

1 only

B

2 only

Both 1 and 2

D

Neither 1 nor 2

Explanation

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Q 19. Consider the following statement:
1. High degree of disparity in income/wealth distribution is prevailed in India which is a characteristics feature of developing economy.
2. In India, almost {tex} 60 - 70 \% {/tex} of the total population still resides in rural areas and hence they depend on agriculture for their livelihood.
3. India's per capita income level is much high as compared with other developed countries
Which among the following statement is not correct:

3 only

B

1 and 2

C

1 and 3

D

1 only

Explanation

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Q 20. Among the socio-economic factors responsible for the high birth rate in India we may include
1. large scale poverty
2. high mortality rate of children of poor parents
3. prevalence of child marriage
4. adverse sex ratio
Choose your answer from the following Codes:

1 and 2

B

1, 2 and 4

C

2, 3 and 4

D

1, 2 and 3

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Q 21. Consider the following systems was/were provided by the Government of India, Act 1935:
1. Separation of provincial budgets from the central budget for the first time.
2. Introduction of portfolio system in the Executive.
3. Establishment of a Federal public service commission.
Which of the systems given above is correct:

3 only

B

2 only

C

1 only

D

1, 2 and 3

Explanation


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Q 22. Which is the correct definition of National Income?
1. National Income means the total amount of money Govt. earns through direct tax collection.
2. It is the total value of stocks held by a country at a particular point of time.
3. This is the measure of goods and services produced during an accounting year without double counting.

A

1 only

B

2 only

3 only

D

All 1, 2 and 3

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Q 23. Estimation of national income in India are not accurate as there is:
1. illiteracy
2. non-monetised consumption
3. inflation
4. people holding multiple jobs

A

1, 2, 3 and 4

B

2 and 3

C

1 and 4

1, 2 and 4

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Q 24. Which among the following is the full form of {tex}\mathrm {CAGR}.{/tex}
1. Compound Annual Growth Rate
2. Country Annual Growth Rate
3. Country Annual Growth Region
4. Compound Annual Growth Region
Choose the correct answer using the codes given below:

1 only

B

2 only

C

3 only

D

4 only

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Q 25. Consider the following statements:
1. The Central Statistical Organisation (CSO) is responsible for calculating the consumer price indices for urban non-manual employees.
2. National Sample Survey Organisation (NSSO) collects data for estimating national income.
3. NSSO collects rural retail price on monthly basis for calculating Consumer Price Index.
4. CSO conducts periodic economic census to collect data on unorganised enterprises.
Which of the following statement/s is/are correct?

1, 2, 3 and 4

B

2 and 4

C

1, 3 and 4

D

3 and 4