Economic and Financial Terms Practice Test 3 is a moderate 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 3 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 moderate |
| Access | Free |
A sample question from this test
Which term is described as: An economy in which both the public and private sectors operate?
- Fiat money
- Mutual fund
- Subsidy
- Mixed economy
Answer: D. Mixed economy. Correct answer: Mixed economy.
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 mixes straightforward questions with a few that need an extra step, so it works well as a checkpoint once the basics are comfortable. 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.