Account and Finance Questions Practice Question and Answer
8 Q: Teaser Rates are related to which of the following types of loans?
817 061d849d00499556d96bac49b
61d849d00499556d96bac49b- 1Home Loanstrue
- 2Personal Loansfalse
- 3Auto Loansfalse
- 4Reverse Mortgage Loansfalse
- 5Crop Loansfalse
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Answer : 1. "Home Loans "
Q: A ‘Transfer Income’ is as –
816 0651166619c491b8125b98d30
651166619c491b8125b98d30- 1Income which is not produced by as production process.true
- 2Income taken away from one person given over to another.false
- 3Unearned Incomefalse
- 4Earned Incomefalse
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Answer : 1. "Income which is not produced by as production process."
Explanation :
Transfer paymentOne-way payment of money for which no money, good, or service is received in exchange. Governments use such payments as means of income redistribution by giving out money under social welfare programs such as social security, old age or disability pensions, student grants, unemployment compensation, etc. Subsidies paid to exporters, farmers, manufacturers, however, are not considered transfer payments. Transfer payments are excluded in computing gross national product.
Q: Which commission in India in 1926 AD. Explaining the need for reforms in the prevailing monetary and credit system, suggested the establishment of a central bank?
816 061b761137fd9195ddf2d7d3a
61b761137fd9195ddf2d7d3a- 1Butler Commissionfalse
- 2Simon Commissionfalse
- 3Hilton Young Commissiontrue
- 4Jonathan Commissionfalse
- 5None of thesefalse
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Answer : 3. "Hilton Young Commission"
Q: In the banking world, when the loan given by the bank to any person or organization is not returned by the borrower, knowingly or for any other reason, then it is called.
(A) Standard Asset
(B) Non-Junk Asset
(C) Overdraft
814 061b764b6993630653cf4ee77
61b764b6993630653cf4ee77- 1only ( A )false
- 2only ( B )true
- 3only ( C )false
- 4Only (A) and (B) bothfalse
- 5none of thesefalse
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Answer : 2. "only ( B )"
Q: Which of the following agencies / bodies has asked all foreign funds to register themselves as Foreign Institutional Investors (Flls) before making any investment in India?
803 061b762d97a5b3510e9c636ed
61b762d97a5b3510e9c636ed- 1RBIfalse
- 2SEBItrue
- 3IBAfalse
- 4Registrar of Companiesfalse
- 5None of thesefalse
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Answer : 2. "SEBI"
Q: Form of public expenditure
801 061b32c1c8b0b930f5301c652
61b32c1c8b0b930f5301c652- 1Reconnaissance Expensesfalse
- 2Compensatory expenditurefalse
- 3Personal expenditurefalse
- 4Both 1 and 2true
- 5All thesefalse
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Answer : 4. "Both 1 and 2"
Q: Which of the following terms is used in Banking?
792 061d8491e498f632d55001b81
61d8491e498f632d55001b81- 1Epicentrefalse
- 2Pascal’s Lawfalse
- 3Currencytrue
- 4Centre of Gravityfalse
- 5Latitudefalse
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Answer : 3. "Currency"
Q: National Income include–
754 065116455cb11fc5036e3f5be
65116455cb11fc5036e3f5be- 1Financial help to earthquake victimsfalse
- 2Poket money of a childfalse
- 3Winning of a lottery Prizefalse
- 4Construction of a new Housetrue
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Answer : 4. "Construction of a new House"
Explanation :
When new house is given on rent the factor income will increase. Hence, it will be part of National Income. Rests are part of Transfer Payment.