Economic and Financial Terms Practice Test 2 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 2 in the Economic and Financial Terms series on TestMint. This test is free to attempt.
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 | Free |
A sample question from this test
What does the term "Disinvestment" mean?
- The sale of government equity in public sector enterprises
- The value of the next best alternative that is given up
- A significant decline in economic activity lasting for several months
- The market for short-term funds with maturity up to one year
Answer: A. The sale of government equity in public sector enterprises. Correct answer: The sale of government equity in public sector enterprises.
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.