Account and Finance Questions Practice Question and Answer
8 Q: ___________ of a bank is the ratio of deposits in current and saving accounts to total deposits.
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62d67451313eb40eb87339ce- 1RASA ratiofalse
- 2FARA ratiofalse
- 3SADA ratiofalse
- 4NASA ratiofalse
- 5CASA ratiotrue
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Answer : 5. "CASA ratio"
Q: Personal Income produced in a country is not included in–
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6512906b7cef9d502469a1c2- 1Production income from NDPfalse
- 2Net Production Income from foreign.false
- 3Transfer Income from governmentfalse
- 4Current Payment on Foreign loans.true
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Answer : 4. "Current Payment on Foreign loans."
Explanation :
The Current payment on foreign loans are not included in personal Income. In economics, personal income refers to an individual’s total earnings from wages, investment enterprises, and other ventures. It is the sum of all the incomes received by all the individuals or household during a given period.
Q: Goods whose demand is proportional to price are called
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62cd647031b6d201552ccc54- 1normal goodsfalse
- 2exclusive goodsfalse
- 3inferior goodsfalse
- 4Veblen goodstrue
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Answer : 4. "Veblen goods"
Q: Functional finance is related to
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61b32ba745c0db34860dac23- 1Monetary policyfalse
- 2Fiscal policytrue
- 3Five year planfalse
- 4Bothfalse
- 5None of thesefalse
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Answer : 2. "Fiscal policy"
Q: Inflation in India is measured on which of the following index?
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61b7625e993630653cf4e5e7- 1Living Expenditure Index ( COLI )false
- 2Consumer Price Index ( CPI )false
- 3Gross Domestic Productfalse
- 4Wholesale Price Index ( WPI )true
- 5None of thesefalse
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Answer : 4. "Wholesale Price Index ( WPI )"
Q: Which of the following is not a function of Reserve Bank of India?
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61b76012993630653cf4e433- 1Providing credit facilities to the general publicfalse
- 2Keeping government money in different heads of accountsfalse
- 3Keeping the country's foreign exchange reserves in safe custodyfalse
- 4Formulating monetary and credit policyfalse
- 5All functions of Reserve Bank of Indiatrue
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Answer : 5. "All functions of Reserve Bank of India "
Q: IMF and World Bank are considered as such institutions
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61b74fb1993630653cf48536- 1Which strengthens international economic cooperation and helps in building a more stable and prosperous global economyfalse
- 2IMF promotes international monetary cooperation.false
- 3The World Bank promotes long-term economic growth and supports poverty reductionfalse
- 4All of the abovetrue
- 5None of the abovefalse
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Answer : 4. "All of the above"
Q: The Government of India had started the insurance scheme for the agriculture sector. Which of the following is the name of this scheme?
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61b763407fd9195ddf2d84d0- 1NAIStrue
- 2RIDFfalse
- 3AICILfalse
- 4CACPfalse
- 5None of thesefalse
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