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Latest CAIIB Advanced Bank Management Exam Question (Objective Questions), MCQ in English

Subjects : Advanced Bank Management

Question Bank CAIIB Advanced Bank Management Exam Paper 1 - English
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Advanced Bank Management

Question 1Single Answer
Microeconomics deals with-
  1. A
    Inflation rate in the economy
  2. B
    Market analysis of individual economic unit
  3. C
    Employment in our economy
  4. D
    Study of consumer behaviours
Question 2Single Answer
Definition of economics as given by Adam Smith is-
  1. A
    It is study of wealth
  2. B
    It is study of employment
  3. C
    It is study of consumer demand
  4. D
    It is study of investment
Question 3Single Answer
Alfred Marshall argued that-
  1. A
    Supply determines price
  2. B
    Demand determines price
  3. C
    Supply and demand determines price
  4. D
    None of the above
Question 4Single Answer
Indifference curves have the property-
  1. A
    Parallel straight lines
  2. B
    Perpendicular straight lines
  3. C
    Curves cannot cross
  4. D
    None of the above
Question 5Single Answer
Economists become more interested in macroeconomics after publication of “ General Theory of Employment , interest , money” by –
  1. A
    Alfred Marshall
  2. B
    J. M. Keynes
  3. C
    Adam Smith
  4. D
    None of the above
Question 6Single Answer
Capitalist  economy was adopted by-
  1. A
    U.K
  2. B
    U.S.A
  3. C
    UAE
  4. D
    India
Question 7Single Answer
Macroeconomics is not concerned with-
  1. A
    Employment is economy
  2. B
    GDP
  3. C
    Price Index
  4. D
    None of the above
Question 8Single Answer
At a point of saturation for a commodity , the marginal utility is-
  1. A
    Positive
  2. B
    Negative
  3. C
    Zero
  4. D
    None of the above
Question 9Single Answer
Which of the following assumption is about a consumer’s preferences ensures that it is possible to compose any two bundles?
  1. A
    Completeness
  2. B
    Transitivity
  3. C
    Convexity
  4. D
    Reflexvity
Question 10Single Answer
Major decisions are taken by individuals in-
  1. A
    Capitalist economy
  2. B
    Mixed economy
  3. C
    Socialistic economy
  4. D
    Laissez-fare economy
Question 11Single Answer
Growth Oriented definition is given by-
  1. A
    Prof. Marshall
  2. B
    Prof. Hicks
  3. C
    Prof. Samuelson
  4. D
    Prof. Robbins
Question 12Single Answer
Find the correct match
  1. A
    Wealth of nation-Marshall
  2. B
    Definition of welfare-Smith
  3. C
    Definition of growth & development-Samuelson
  4. D
    Definition of scarcity development-Samuelson
Question 13Single Answer
‘Unlimited ends’ leads to-
  1. A
    Resource allocation
  2. B
    Alternative uses
  3. C
    Use on priority basis
  4. D
    All of the above
Question 14Single Answer
“ Political economy is the oldest of the arts & the newest of the science- indeed the queen of social sciences”-stated by
  1. A
    Adam Smith
  2. B
    Marshall
  3. C
    Robbins
  4. D
    Samuelson
Question 15Single Answer
Wages, rent , supply curve etc. are studied under _______ Economics.
  1. A
    Macro
  2. B
    Micro
  3. C
    Monetary
  4. D
    All of the above
Question 16Single Answer
Which of the following is a positive statement ?
  1. A
    What determines the price rise?
  2. B
    What determines the fair price rise?
  3. C
    Rate of inflation should be less than 5%
  4. D
    Ethics
Question 17Single Answer
Scarcity is a situation in Which-
  1. A
    Wants exceed the resources available to satisfy them
  2. B
    Something is being wasted
  3. C
    People are poor
  4. D
    All of the above
Question 18Single Answer
Freedom of choice is the advantage of-
  1. A
    Socialism
  2. B
    Capitalism
  3. C
    Mixed economy
  4. D
    Communisms
Question 19Single Answer
19 Which of the following is a normative statement?
  1. A
    Planned economics allocate resources via govt. departments
  2. B
    Most transitional economics have experienced problems of falling output and rising prices over the past decade.
  3. C
    There is a greater degree of consumer sovereignty in market economics than planned economics
  4. D
    Reducing in equality should be a major priority for mixed economics.
Question 20Single Answer
When we go from general assumption to particular production which method is used for constructing an economics theory?
  1. A
    Deductive method
  2. B
    Inductive method
  3. C
    Partial method
  4. D
    General method
Question 21Single Answer
From the national point of view which of the following indicates micro approach?
  1. A
    Per capita income of India
  2. B
    Under employment in agl sector
  3. C
    Lock Out in TELCO
  4. D
    Total savings in India
Question 22Single Answer
Which of the following would be considered disadvantage of allocating resources using a market system ?
  1. A
    Income will tend to be unevenly distributed.
  2. B
    Significant unemployment may occur.
  3. C
    It cannot prevent the wastage of scarce economic resources.
  4. D
    Profits will tend to be low.
Question 23Single Answer
Which is not a feature of the socialist economy?
  1. A
    Pubilc ownership
  2. B
    Planning mechanism
  3. C
    Profit motive
  4. D
    Complete role of government
Question 24Single Answer
Which of the following is not one of the four central questions that the study of economics is supposed to answer?
  1. A
    Who produces what?
  2. B
    When are goods produced?
  3. C
    Who consumes what?
  4. D
    How are goods produced ?
Question 25Single Answer
25 Inductive method is _____ based on the observation of particular facts.
  1. A
    Never
  2. B
    Seldom
  3. C
    Alternatively
  4. D
    Always
Question 26Single Answer
Indian economy is mixed economy because-
  1. A
    Agriculture & industry have both simultaneously  developed in India
  2. B
    Agriculture & industry have both developed in the public sector.
  3. C
    Private ownership & public ownership over means of production on exist
  4. D
    All of the above
Question 27Single Answer
Larger production of ________ goods would lead to higher production in future.
  1. A
    Consumer goods
  2. B
    Capital goods
  3. C
    Agricultural goods
  4. D
    Public goods
Question 28Single Answer
Production possibilities curve is also known as-
  1. A
    Demand curve
  2. B
    Supply curve
  3. C
    Indifference curve
  4. D
    Transformation Curve
Question 29Single Answer
Which of the following means an Economic Activity?
  1. A
    Production of  goods
  2. B
    Production of services
  3. C
    Consumption of goods
  4. D
    All of the above
Question 30Single Answer
When we study why saving rates are high or low, we are studying-
  1. A
    Micro Economics
  2. B
    Macro Economics
  3. C
    Both Micro and Macro Economics
  4. D
    None of the above
Question 31Single Answer
The term ‘Economics’ has come from the Greek word-
  1. A
    Oilkonomia
  2. B
    Aikonomia
  3. C
    Wiikonomia
  4. D
    None of the above
Question 32Single Answer
Household means-
  1. A
    Aikonomia
  2. B
    Oikonomia
  3. C
    Wikonomia
  4. D
    None of the above
Question 33Single Answer
“The study of how in a civilised society one obtaining the share of what other people have produced and of how the total product of society changes and is determined” is given by-
  1. A
    Prof. Adam Smith
  2. B
    Prof. Henry Smith
  3. C
    Prof. Colin Smith
  4. D
    None of the above
Question 34Single Answer
“Economics is what Economics do” is given by-
  1. A
    Prof. Adam Smith
  2. B
    Prof. Henry Smith
  3. C
    Prof. Jecob Viner
  4. D
    Prof. Samuelson
Question 35Single Answer
“Whenever six economics gathered , there are seven opinions,”
  1. A
    john Meynard Keynes
  2. B
    CairnCross
  3. C
    Mrs. Barbara Wootton
  4. D
    Adam Smith
Question 36Single Answer
The definition is referred to ‘Dismal science’ & ‘Gospel of Mammon’. Whose definition is this?
  1. A
    Marshall
  2. B
    Robbins
  3. C
    Ricardo
  4. D
    Smith
Question 37Single Answer
Micro economics is also known as-
  1. A
    Product theory
  2. B
    Price theory
  3. C
    Process theory
  4. D
    Projection theory
Question 38Single Answer
Problem of  inflation ,unemployment ,illiteracy etc. are studied under _________ economics.
  1. A
    wealth
  2. B
    Micro
  3. C
    Macro
  4. D
    Monetary
Question 39Single Answer
Wages , rent , supply curve etc are studied under _____ economics.
  1. A
    Macro
  2. B
    Micro
  3. C
    Monetary
  4. D
    All of the above
Question 40Single Answer
Which of the following is the best general definition of the study of economics?
  1. A
    Inflation & unemployment in a growing economy.
  2. B
    Business decision making under foreign competition.
  3. C
    Individual & social choice in the face of scarcity.
  4. D
    The best way to invest in the stock market.
Question 41Single Answer
“Fundamental premise of economics” implies-
  1. A
    Natural resources will always be scare
  2. B
    Individuals are capable of establishing goals & acting in a manner consistent with achievement of these goals.
  3. C
    Individuals choose the alternative for which they believe the net gains to be the greatest.
  4. D
    No matter what the circumstances , individual choice always invoices a trade-off
Question 42Single Answer
When productivity increases ______ .
  1. A
    Prices rise
  2. B
    Standard of living improves
  3. C
    There are fewer good jobs
  4. D
    None of the above
Question 43Single Answer
The task of economic science is to-
  1. A
    Save the earth from the overuse of natural resources
  2. B
    Help us to understand how the economic world works
  3. C
    Tell us what is good for us
  4. D
    None of the above
Question 44Single Answer
An example of  ‘positive economics’ analysis would be-
  1. A
    An analysis of the relationship between the price of food & the quantity purchased.
  2. B
    Determining how much income each person should be guaranteed.
  3. C
    Determining the ‘fair’ price for food.
  4. D
    Deciding how to distribute the output of the economy.
Question 45Single Answer
Which of the following statement would you consider to be a normative one?
  1. A
    Faster economic growth should result if an economy has a higher level of investment.
  2. B
    Changing the level of interest rates is a better way of managing the economy than using taxation & govt expenditure.
  3. C
    Higher levels of unemployment will lead to higher levels of inflation.
  4. D
    The average level of growth in the economy was faster in the 1990s  than the 1980s.
Question 46Single Answer
Find the correct match.
  1. A
    An enquiry into the nature & causes of the wealth of the nation: Prof A C Pigou.
  2. B
    Science  which deals with wealth: Prof Alfred Marshall
  3. C
    Economics is the science which studies human behaviour as a relationship between ends & scare means which have alternative uses: Prof Robbins.
  4. D
    The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money: Prof. Adam Smith.
Question 47Single Answer
Inductive method is ________ based on the observations of particular facts.
  1. A
    Never
  2. B
    Seldom
  3. C
    Alternatively
  4. D
    Always
Question 48Single Answer
Socialist economy is a-
  1. A
    Planned economy
  2. B
    Mixed economy
  3. C
    Profit-oriented economy
  4. D
    None of the above
Question 49Single Answer
An economy achieves ‘Productive efficiency’ when-
  1. A
    All resources are utilised & goods services are produced at least cost.
  2. B
    The best quality goods are produced
  3. C
    The highly skilful resources in the country are fully employed
  4. D
    None of the above
Question 50Single Answer
The Law of Scarcity-
  1. A
    Does not apply to rich , developed countries.
  2. B
    Applies only to the less developed countries.
  3. C
    Implies that consumers wants will never be completely socialistic system.
  4. D
    Implies that consumers wants will never be completely satisfied.
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