Account and Finance Questions Practice Question and Answer
8 Q: Which one of the following is the most appropriate reason for inequalities in income?
698 06513d6c7cb11fc5036eb8684
6513d6c7cb11fc5036eb8684- 1Racial factorsfalse
- 2Lack of opportunitiestrue
- 3Inheritance from family environmentfalse
- 4Differences in abilityfalse
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Answer : 2. "Lack of opportunities"
Explanation :
In India, on the one hand, Per Capita Income is low and on the other hand, there is large inequality in the distribution of wealth and income, according to Human Development Reports. Lack of opportunity means that its most valuable assets its people is not being fully used. It is appropriate reason of income gap.
Q: NACH is a centralised system, launched with an aim to consolidate multiple ECS systems running across the country and provides a framework for the harmonization of standard & practices and removes local barriers/inhibitors. What is the meaning of "H" in NACH?
697 062d673d30c053665b696e362
62d673d30c053665b696e362- 1Housetrue
- 2Homefalse
- 3Handlefalse
- 4Hostfalse
- 5Honestfalse
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Answer : 1. "House"
Q: Per Capita Income is equal to–
696 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.
Q: Fiscal policy is not a tool
694 061b32d5b8b0b930f5301c85f
61b32d5b8b0b930f5301c85f- 1public expenditurefalse
- 2bank ratefalse
- 3SLRfalse
- 4public debtfalse
- 52 and 3true
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Answer : 5. "2 and 3"
Q: Normally a bank does not have to deal with __________ related issues of the following.
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61b764257fd9195ddf2d9383- 1Payment and Settlement Systemfalse
- 2Contractual rights of creditorsfalse
- 3Intellectual Property Rightstrue
- 4Bankruptcy casesfalse
- 5Coordination among regulators operating in the banking financial sectorsfalse
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Answer : 3. "Intellectual Property Rights"
Q: ___________ of a bank is the ratio of deposits in current and saving accounts to total deposits.
689 062d67451313eb40eb87339ce
62d67451313eb40eb87339ce- 1RASA ratiofalse
- 2FARA ratiofalse
- 3SADA ratiofalse
- 4NASA ratiofalse
- 5CASA ratiotrue
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Answer : 5. "CASA ratio"
Q: Functional finance is related to
687 061b32ba745c0db34860dac23
61b32ba745c0db34860dac23- 1Monetary policyfalse
- 2Fiscal policytrue
- 3Five year planfalse
- 4Bothfalse
- 5None of thesefalse
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Answer : 2. "Fiscal policy"
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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