Account and Finance Questions Practice Question and Answer
8 Q: In which year, RBI was nationalized?
935 062de83f7313eb40eb8a034bc
62de83f7313eb40eb8a034bc- 11939false
- 21949true
- 31959false
- 41969false
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Answer : 2. "1949"
Q: ____________ is the official minimum rate at which the Central Bank of a country re-discounts the approved bills, held by commercial banks.
915 0610a536ba064c176185ea0d1
610a536ba064c176185ea0d1- 1Prime Lending Ratefalse
- 2Reverse Repo Ratefalse
- 3Repo Ratefalse
- 4Bank ratetrue
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Answer : 4. "Bank rate"
Q: Fiscal policy is not a tool
915 061b32d5b8b0b930f5301c85f
61b32d5b8b0b930f5301c85f- 1public expenditurefalse
- 2bank ratefalse
- 3SLRfalse
- 4public debtfalse
- 52 and 3true
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Answer : 5. "2 and 3"
Q: ‘Functional Finance’ is accociated with:
911 060af7b7bd752621d4fa2f5c7
60af7b7bd752621d4fa2f5c7- 1Adamsfalse
- 2Abba ‘P’ Lernertrue
- 3Adolph Wognerfalse
- 4Adam Smithfalse
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Answer : 2. "Abba ‘P’ Lerner "
Q: Which of the following is deducted from NNP to arrive at NI?
911 06513d7d37335765064719e55
6513d7d37335765064719e55- 1Indirect taxtrue
- 2Capital consumption allowancefalse
- 3Subsidyfalse
- 4Interestfalse
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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?
903 061b33389bcb1f45db0a6b70b
61b33389bcb1f45db0a6b70b- 1Open Market Activitiestrue
- 2Direct actionfalse
- 3Publicityfalse
- 4Moral persuasionfalse
- 52,3 and 4false
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Answer : 1. "Open Market Activities"
Q: Which of the following was the first mutual fund listed on the new mutual fund platform launched on the National Stock Exchange?
902 061b7609c993630653cf4e56e
61b7609c993630653cf4e56e- 1UTI Mutual Fundtrue
- 2SBI Mutual Fundfalse
- 3LIC Mutual Fundfalse
- 4Bank of Baroda Mutual Fundfalse
- 5None of the abovefalse
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Answer : 1. "UTI Mutual Fund"
Q: Which one of the following statements is true in contrast to the General Budget?
898 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
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