Economic and Financial Terms Practice Test 1 is an easy short drill of 15 multiple-choice questions on economic and financial terms, created by Xigma Academy for candidates preparing for bank PO, clerk and other banking recruitment exams. It is test 1 in the Economic and Financial Terms series on TestMint. This is a paid test priced at ₹29; a small convenience fee applies at checkout.
What this test covers
- Economic and Financial Terms: 15 questions
Test details
| Questions | 15 |
|---|---|
| Duration | 15 minutes |
| Marks | 1 per question, 15 in total |
| Negative marking | None |
| Difficulty | Mostly easy |
| Access | ₹29 |
A sample question from this test
What does the term "GDP" mean?
- Stopping the physical movement of a cheque by using its electronic image
- A market with a single seller and no close substitutes
- The total market value of all final goods and services produced within a country in a year
- National income divided by the population of the country
Answer: C. The total market value of all final goods and services produced within a country in a year. Correct answer: The total market value of all final goods and services produced within a country in a year.
How to approach this test
Learn each term with a one-line definition and an example, and keep the rate-related terms (repo, CRR, SLR) apart from the budget-related ones.
This set leans easy, so use it to confirm that you can solve the basic pattern accurately before you move to harder sets. At 15 questions in 15 minutes, you have about 60 seconds per question on average. After you submit, review every wrong or guessed answer using the explanations.
Keep practising
Continue with all Banking mock tests, free mock tests, a guide to preparing this topic and how to review your mistakes.