Account and Finance Questions Practice Question and Answer
8 Q: Fiscal policy is not a tool
990 061b32d5b8b0b930f5301c85f
61b32d5b8b0b930f5301c85f- 1public expenditurefalse
- 2bank ratefalse
- 3SLRfalse
- 4public debtfalse
- 52 and 3true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 5. "2 and 3"
Q: ____________ is the official minimum rate at which the Central Bank of a country re-discounts the approved bills, held by commercial banks.
987 0610a536ba064c176185ea0d1
610a536ba064c176185ea0d1- 1Prime Lending Ratefalse
- 2Reverse Repo Ratefalse
- 3Repo Ratefalse
- 4Bank ratetrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Bank rate"
Q: Which of the following is deducted from NNP to arrive at NI?
969 06513d7d37335765064719e55
6513d7d37335765064719e55- 1Indirect taxtrue
- 2Capital consumption allowancefalse
- 3Subsidyfalse
- 4Interestfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Indirect tax"
Explanation :
The difference between Gross National Product and Depreciation is called Net National Product (NNP). NNP at factor cost is the net output evaluated at factor prices. It includes income earned by factor of production through participation in the production process, such as wages and salaries, rents, profits etc.
It is also called National Income. NNPFC = NNPmp – Indirect taxes
+ Subsidies = National Income. But now NNPMP is National Income
Q: Which method comes under qualitative control?
967 061b33389bcb1f45db0a6b70b
61b33389bcb1f45db0a6b70b- 1Open Market Activitiestrue
- 2Direct actionfalse
- 3Publicityfalse
- 4Moral persuasionfalse
- 52,3 and 4false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Open Market Activities"
Q: Which one of the following statements is true in contrast to the General Budget?
961 061b75e407fd9195ddf2d774e
61b75e407fd9195ddf2d774e- 1It is first presented in the Upper House.false
- 2It is first introduced in the Lok Sabha.true
- 3It can be introduced in either House which is in immediate session.false
- 4It is presented in a joint session of Parliament.false
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "It is first introduced in the Lok Sabha."
Q: Inflation in India is measured on which of the following index?
961 061b7625e993630653cf4e5e7
61b7625e993630653cf4e5e7- 1Living Expenditure Index ( COLI )false
- 2Consumer Price Index ( CPI )false
- 3Gross Domestic Productfalse
- 4Wholesale Price Index ( WPI )true
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Wholesale Price Index ( WPI )"
Q: Uber has launched a business-to-business model called ______?
961 062ecd49f4404a856fa25b26b
62ecd49f4404a856fa25b26b- 1"Uber for Business "true
- 2“Business for Uber”false
- 3“Uber Business”false
- 4“Business Uber”false
- 5None of the abovefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. ""Uber for Business ""
Q: Who was the first Governor of Reserve Bank of India?
958 061b74d5e8fe2311103b01362
61b74d5e8fe2311103b01362- 1Sir Osworn A. smithtrue
- 2Sir James B. Tailorfalse
- 3Sir C.D. Deshmukhfalse
- 4Sir V.R. Raofalse
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice