Deck 3: Banking and Financial Terminology and Cost Analysis

Question 1

Which is called Bank of India

A)SBI
B)SBT
C)ADB
D)RBI

Answer 1

RBI

Question 2

An organization which accepts deposit that can be withdrawn as demark is known as_______

A)A firm
B)An institution
C)A bank
D)None of these

Answer 2

A bank

Question 3

Who is an employee of a bank who deals directly with most customers

A)Teller
B)Mick
C)ATM
D)None of these

Answer 3

Teller

Question 4

The rate at which the RBI lends short term money to the banks

A)Bank Rate
B)Repo rate
C)Credit rate
D)Reverse repo rate

Question 5

The rate at which banks park their short term excess liquidity with the RBI is known as

A)Repo rate
B)Reverse repo rate
C)Bank Rate
D)None of these

Question 6

Bank rate is also known as ______________________

A)Discount rate
B)Credit rate
C)Repo rate
D)None of these

Question 7

An ATM card is a ________________card?

A)Credit Card
B)Debit Card
C)Bank card
D)None of these

Question 8

Expand PIN

A)Printing Identity Number
B)Personal Identification Number
C)Personal Identity Number
D)None of these

Question 9

Which device sorts and counts coins at the same time

A)Coin Counter
B)Coin sorter
C)Micro fiche
D)None of thes

Question 10

Which device sorts random collection of coins into separate bins for different dinominations

A)Coin sorter
B)Coin Counter
C)ATM
D)PIN

Question 11

Break - even analysis is a technique of ____________________

A)Credit Planning
B)Profit Planning
C)Social Planning
D)None of these

Question 12

In the long-run total cost is equal to ______________

A)TFC
B)TVC
C)MC
D)AFC

Question 13

Which costs are made once and for all and cannot be altered by varying the rate of output

A)Sunk cost
B)Book cost
C)Long-run cost
D)Explicit cost

Question 14

Break-even analysis is also known as ______________

A)Profit analysis
B)Profit contribution analysis
C)Planning Analysis
D)None of these

Question 15

All material things which posses utility are called ________________

A)Services
B)Goods
C)Cost
D)None of these

Question 16

Those goods which posses utility,scarcity and transferability are called __________

A)Tangible Goods
B)Economic goods
C)Consumer Gods
D)None of these

Question 17

Capital goods are also known as ______________________

A)Producer's goods
B)Consumer's goods
C)Duable Goods
D)None of these

Question 18

At the point where MC is equal to AC, average cost is ________________

A)Maximum
B)Minimum
C)Peak Level
D)None of these

Question 19

When the marginal ccost is rising the total cost is ______________

A)Increasing
B)Stagnant
C)Decreasing
D)None of these

Question 20

An example for variable cost is

A)Rent of land
B)Muncipal Taxes
C)Insurance charge
D)Wages to casual laboures

Question 21

Increase in demand due to change in price is known as ________________

A)Construction in demand
B)Expansion in demand
C)Increase in demand
D)Decrease in demand