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
1231 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: In which market form, a market or industry is dominated by a few firms?
1230 0606c2bfcaffa2d5265b4d968
606c2bfcaffa2d5265b4d968- 1Monopolyfalse
- 2Oligopolytrue
- 3Perfect Competitionfalse
- 4None of the abovefalse
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Answer : 2. "Oligopoly "
Q: Per Capita Income is equal to–
1228 06513d63b10a18f508203e074
6513d63b10a18f508203e074- 1National Income/Total population of the countrytrue
- 2National Income + Populationfalse
- 3National Income - Populationfalse
- 4National Income x Populationfalse
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Answer : 1. "National Income/Total population of the country "
Explanation :
The average income of the people of a country in a particular year is called Per Capita Income for that year. So, it is National Income divided by population.
Per Capita Income
= National Income/Total population of the country
Though Per Capita Income is more reliable than GNP for many particular purpose.
Q: Which of the following banks has launched a new product to provide a short-term working capital demand loan to its MSME clients?
1225 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: One of the main factors that led to rapid expansion of Indian exports is–
1222 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: When was the first Savings Bank established in Hamburg?
1221 061b334688b0b930f5301d8c1
61b334688b0b930f5301d8c1- 11760false
- 21765true
- 31770false
- 41775false
- 5None of thesefalse
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Answer : 2. "1765"
Q: Bharti Airtel has partnered with which industry group for 'Made in India' 5G network solutions?
1220 06125dbe916e9414f513cf776
6125dbe916e9414f513cf776- 1Bajaj Groupfalse
- 2Adani Groupfalse
- 3Tata Grouptrue
- 4Aditya Birla Groupfalse
- 5Mahindra Groupfalse
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Answer : 3. "Tata Group"
Q: The Financial Sector Appraisal Committee (CFSA) constituted by the Reserve Bank of India has also recommended some reforms in which of the following laws existing in India?
1219 061b7638b7a5b3510e9c63a1a
61b7638b7a5b3510e9c63a1a- 1Taxation Lawfalse
- 2Commercial lawfalse
- 3Banking Regulation Lawtrue
- 4Property lawfalse
- 5All of the abovefalse
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