CMAT General Awareness

Question 1

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

Accepted Answer

Federal Reserve

Answer

U.S. Treasury

Answer

World Bank

Answer

IMF

Question 2

What does GDP stand for in economics?

Accepted Answer

Gross Domestic Product

Answer

General Development Plan

Answer

Global Distribution Point

Answer

Government Debt Payment

Question 3

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

Accepted Answer

WTO

Answer

IMF

Answer

World Bank

Answer

UNCTAD

Question 4

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

Accepted Answer

Inflation

Answer

Deflation

Answer

Stagflation

Answer

Recession

Question 5

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

Accepted Answer

Market rising by 20% or more

Answer

Market declining by 20%

Answer

Stable market with no change

Answer

Market with high volatility

Question 6

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

Accepted Answer

Sarbanes-Oxley Act

Answer

Sherman Antitrust Act

Answer

Dodd-Frank Act

Answer

Glass-Steagall Act