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General Awareness Flashcards

6 cards from real CMAT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 General Awareness flashcards as text

  1. Which institution is responsible for monetary policy in the United States?

    Answer: Federal Reserve

    The Federal Reserve (the Fed) is the central bank of the U.S. and manages monetary policy.

  2. What does GDP stand for in economics?

    Answer: Gross Domestic Product

    GDP stands for Gross Domestic Product, measuring the total value of goods and services produced in a country.

  3. Which global organization was created to promote international trade by reducing trade barriers?

    Answer: WTO

    The World Trade Organization (WTO) was established in 1995 to facilitate and regulate international trade.

  4. What is the term for persistent increase in the general price level of goods and services?

    Answer: Inflation

    Inflation refers to a sustained rise in the general price level, reducing purchasing power.

  5. Which of the following is considered a 'bull market' in finance?

    Answer: Market rising by 20% or more

    A bull market is characterized by rising prices, typically when a major market index gains 20% or more.

  6. What is the name of the U.S. legislation that governs financial reporting for publicly traded companies?

    Answer: Sarbanes-Oxley Act

    The Sarbanes-Oxley Act of 2002 established strict financial reporting requirements for public companies.

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Sources & references

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  1. cdnbbsr.s3waas.gov.in — Test delivery, eligibility, fees, passing score, time limit · verified Oct 2026
  2. nta.ac.in — Exam dates · verified Oct 2026
  3. cmat.nta.nic.in — Exam information · verified Nov 2026