Account and Finance Questions Practice Question and Answer
8 Q: The Government of India had started the insurance scheme for the agriculture sector. Which of the following is the name of this scheme?
756 061b763407fd9195ddf2d84d0
61b763407fd9195ddf2d84d0- 1NAIStrue
- 2RIDFfalse
- 3AICILfalse
- 4CACPfalse
- 5None of thesefalse
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Answer : 1. "NAIS"
Q: Which one of the following is not a method of measurement of National Income?
753 06512a5dfea7f40961eb10778
6512a5dfea7f40961eb10778- 1Value Added Methodfalse
- 2Income Methodfalse
- 3Investment Methodtrue
- 4Expenditure Methodfalse
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Answer : 3. "Investment Method "
Explanation :
There are only three methods are using for calculating of national income i.e., value added method, income method and expenditure method.
Q: National Income is also called as–
749 06513d59656a7b2508cb933bf
6513d59656a7b2508cb933bf- 1GNP at factor costfalse
- 2GNP at market pricefalse
- 3NNP at factor costfalse
- 4NNP at market pricetrue
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Answer : 4. "NNP at market price"
Explanation :
Initially NNPFC was known as National Income but Now NNPMP is known as National Income.
Q: Personal Income produced in a country is not included in–
746 06512906b7cef9d502469a1c2
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: IMF and World Bank are considered as such institutions
744 061b74fb1993630653cf48536
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: Teaser Rates are related to which of the following types of loans?
740 061d849d00499556d96bac49b
61d849d00499556d96bac49b- 1Home Loanstrue
- 2Personal Loansfalse
- 3Auto Loansfalse
- 4Reverse Mortgage Loansfalse
- 5Crop Loansfalse
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Answer : 1. "Home Loans "
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: Which of the following is not correctly matched?
Bank Nationalization year
733 061b74e9a8fe2311103b0167e
61b74e9a8fe2311103b0167e- 1State Bank of Indore -1959false
- 2Allahabad Bank 1959true
- 3Andhra Bank -1980false
- 4Bank of Baroda -1969false
- 5None of the abovefalse
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