SBI PO Practice Questions — All Questions

The 'repo rate' is the rate at which:

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

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.A stock market crash
• d.Higher interest only

Inflation is a sustained general increase in the price level.

'GDP' stands for:

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

GDP is Gross Domestic Product.

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

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

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