Account and Finance Questions Practice Question and Answer
8 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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Answer : 3. "Rs.10,000"
Q: Practiced in times of inflation
1127 061b32c91bcb1f45db0a6a7ef
61b32c91bcb1f45db0a6a7ef- 1Pump Priming Policyfalse
- 2Positive Compensatory Expenditure Policyfalse
- 3Negative Compensatory Expenditure Policytrue
- 4Both 2 and 3false
- 5Both 1 and 3false
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Answer : 3. "Negative Compensatory Expenditure Policy"
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?
1127 061b7638b7a5b3510e9c63a1a
61b7638b7a5b3510e9c63a1a- 1Taxation Lawfalse
- 2Commercial lawfalse
- 3Banking Regulation Lawtrue
- 4Property lawfalse
- 5All of the abovefalse
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Answer : 3. "Banking Regulation Law"
Q: While computing National Income estimates, which of the following is required to be observed?
1125 06513d92c56a7b2508cb93ecf
6513d92c56a7b2508cb93ecf- 1The value of exports to be added and the value of imports to be subtractedtrue
- 2The value of exports to be subtracted and the value of imports to be addedfalse
- 3The value of both exports and imports to be addedfalse
- 4Thevalue of both exports and imports to be subtractedfalse
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Answer : 1. "The value of exports to be added and the value of imports to be subtracted"
Explanation :
National Income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. In expenditure method, the National Income is measured by adding up the four flows, - namely C, I, G, X and M.
Thus, Y = C+1+G + (X-M) + (X- M) Where,
C = Total consumption expenditure
I = Total investment expenditure
G = Total government expenditure
X = Export,
M = Import
Q: Which financial institution has launched new health insurance plan called Arogya Rakshak?
1123 06125e4f37c2fc04f2bea484f
6125e4f37c2fc04f2bea484f- 1IRDAIfalse
- 2SIDBIfalse
- 3SBIfalse
- 4SEBIfalse
- 5LICtrue
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Answer : 5. "LIC"
Q: RBI absorbs liquidity in the system through :
1120 05fc750b7d0af4c56f5e70e52
5fc750b7d0af4c56f5e70e52- 1Repofalse
- 2Reverse Repotrue
- 3Both A and Bfalse
- 4Either A or Bfalse
- 5None of thesefalse
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Answer : 2. "Reverse Repo"
Q: Per Capita Income is equal to–
1119 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.