Account and Finance Questions Practice Question and Answer
8 Q: Practiced in times of inflation
867 061b32c91bcb1f45db0a6a7ef
61b32c91bcb1f45db0a6a7ef- 1Pump Priming Policyfalse
- 2Positive Compensatory Expenditure Policyfalse
- 3Negative Compensatory Expenditure Policytrue
- 4Both 2 and 3false
- 5Both 1 and 3false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Negative Compensatory Expenditure Policy"
Q: Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India
855 061d84b28498f632d55002414
61d84b28498f632d55002414A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India
- 1Only (A)false
- 2Only (B)false
- 3Only (A) and (B)false
- 4All (A), (B) and (C)true
- 5Only (B) and (C)false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "All (A), (B) and (C) "
Q: One of the main factors that led to rapid expansion of Indian exports is–
845 0651165d463078e50a29fb72f
651165d463078e50a29fb72f- 1Imposition of export dutyfalse
- 2Liberalization of the economytrue
- 3Recession in other countriesfalse
- 4Diversification of exportsfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
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: In which year, RBI was nationalized?
838 062de83f7313eb40eb8a034bc
62de83f7313eb40eb8a034bc- 11939false
- 21949true
- 31959false
- 41969false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "1949"
Q: ‘Functional Finance’ is accociated with:
835 060af7b7bd752621d4fa2f5c7
60af7b7bd752621d4fa2f5c7- 1Adamsfalse
- 2Abba ‘P’ Lernertrue
- 3Adolph Wognerfalse
- 4Adam Smithfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Abba ‘P’ Lerner "
Q: While computing National Income estimates, which of the following is required to be observed?
832 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
- Show AnswerHide Answer
- Workspace
- SingleChoice
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 of the following was the first mutual fund listed on the new mutual fund platform launched on the National Stock Exchange?
827 061b7609c993630653cf4e56e
61b7609c993630653cf4e56e- 1UTI Mutual Fundtrue
- 2SBI Mutual Fundfalse
- 3LIC Mutual Fundfalse
- 4Bank of Baroda Mutual Fundfalse
- 5None of the abovefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "UTI Mutual Fund"
Q: ____________ is the official minimum rate at which the Central Bank of a country re-discounts the approved bills, held by commercial banks.
826 0610a536ba064c176185ea0d1
610a536ba064c176185ea0d1- 1Prime Lending Ratefalse
- 2Reverse Repo Ratefalse
- 3Repo Ratefalse
- 4Bank ratetrue
- Show AnswerHide Answer
- Workspace
- SingleChoice