Account and Finance Questions Practice Question and Answer
8 Q: Match the characteristics with their market structure:
(a) Expand out put until MC = MR
(b) Elasticity of demand depends on pricing policies of rivals
1145 062f3311739a8157d97fb7154
62f3311739a8157d97fb7154- 1(a) Pure competition, (b) Pure Monopolyfalse
- 2(a) Pure Monopoly, (b) Monopolistic competitionfalse
- 3(a) Pure competition, (b) Oligopolyfalse
- 4(a) Monopolistic competition, (b) Oligopolytrue
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Answer : 4. "(a) Monopolistic competition, (b) Oligopoly"
Q: Which of the following is NOT a Govt-sponsored organization?
1144 061d850a135bd1c6dba0133e4
61d850a135bd1c6dba0133e4- 1Small Industries Development Bank of Indiafalse
- 2NABARDfalse
- 3National Housing Bankfalse
- 4ICICI Banktrue
- 5All are Govt-sponsoredfalse
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Answer : 4. "ICICI Bank"
Q: Which of the following banks has launched a new product to provide a short-term working capital demand loan to its MSME clients?
1140 062ecdac355c5be5841eb0fcc
62ecdac355c5be5841eb0fcc- 1SBItrue
- 2ICICIfalse
- 3Axis Bankfalse
- 4HDFC Bankfalse
- 5Yes Bankfalse
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Answer : 1. "SBI"
Explanation :
State Bank of India today said it has launched a new product to provide short-term working capital demand loans to its MSME clients.
Q: Which one of the following is not included while estimating National Income through income method?
1135 06513d88ccb11fc5036eb8cf5
6513d88ccb11fc5036eb8cf5- 1Rentfalse
- 2Mixed Incomefalse
- 3Pensionfalse
- 4Undistributed Profitstrue
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Answer : 4. "Undistributed Profits"
Explanation :
Income method measures National Income from the side of payments made to the primary factor of production for their productive services in an accounting year.
The components of factor income are (i) Employee’s Compensation, (ii) Profit, (iii) Rent, (iv) Interest, (v) Mixed income and (vi) Royalty.
Profit, rent, interest and other mixed income are jointly known as operating surplus.
Q: Credit Foncier was first established in France in the year 1952. He is called the father of land mortgage banks. When was the first co-operative land-mortgage bank established in our country in Punjab?
1134 061b3342345c0db34860dc201
61b3342345c0db34860dc201- 11920true
- 21925false
- 31935false
- 41940false
- 5None of thesefalse
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Answer : 1. "1920"
Q: ESIC Works under which of the following ministry?
1132 06125daa8d0c1d14f329b091b
6125daa8d0c1d14f329b091b- 1Ministry of Home Affairsfalse
- 2Ministry Rural Developmentfalse
- 3Ministry of Financefalse
- 4Ministry of Personnel and Public grievancefalse
- 5Ministry of Labour and Employmenttrue
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Answer : 5. "Ministry of Labour and Employment"
Q: One of the main factors that led to rapid expansion of Indian exports is–
1131 0651165d463078e50a29fb72f
651165d463078e50a29fb72f- 1Imposition of export dutyfalse
- 2Liberalization of the economytrue
- 3Recession in other countriesfalse
- 4Diversification of exportsfalse
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Answer : 2. "Liberalization of the economy"
Explanation :
The Liberalization of economy is to the main factor that led to rapid expansion of Indian exports. Imposition, Recession and Diversification does not contribute to export
Q: Bank overdraft limit for Account holders of PMJDY increased to?
1131 05fc877235c47b65b5b267fb4
5fc877235c47b65b5b267fb4- 1Rs.15,000false
- 2Rs.20,000false
- 3Rs.10,000true
- 4Rs.5,000false
- 5Rs.25,000false
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