SBI PO Practice Questions — All Questions

The 'repo rate' is the rate at which:

• a.Customers save
• b.Currency is printed
• c.Banks lend to customers
• d.The central bank lends to commercial banks✓

The repo rate is the rate the central bank lends to commercial banks.

'Inflation' refers to:

• a.A general rise in prices over time✓
• b.A fall in all prices
• c.Higher interest only
• d.A stock market crash

Inflation is a sustained general increase in the price level.

'GDP' stands for:

• a.General Deposit Plan
• b.Gross Debt Position
• c.Gross Domestic Product
• d.Good Debt Policy✓

GDP is Gross Domestic Product.

A 'fixed deposit', compared to a savings account, generally offers:

• a.Instant withdrawals anytime
• b.Lower interest
• c.A higher interest rate for a fixed term✓
• d.No interest

Fixed deposits lock money for a term and typically pay higher interest.