Account and Finance Questions Practice Question and Answer
8 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
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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 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?
725 061b761137fd9195ddf2d7d3a
61b761137fd9195ddf2d7d3a- 1Butler Commissionfalse
- 2Simon Commissionfalse
- 3Hilton Young Commissiontrue
- 4Jonathan Commissionfalse
- 5None of thesefalse
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Answer : 3. "Hilton Young Commission"
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?
725 061b762d97a5b3510e9c636ed
61b762d97a5b3510e9c636ed- 1RBIfalse
- 2SEBItrue
- 3IBAfalse
- 4Registrar of Companiesfalse
- 5None of thesefalse
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Answer : 2. "SEBI"
Q: Which of the following terms is used in Banking?
711 061d8491e498f632d55001b81
61d8491e498f632d55001b81- 1Epicentrefalse
- 2Pascal’s Lawfalse
- 3Currencytrue
- 4Centre of Gravityfalse
- 5Latitudefalse
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Answer : 3. "Currency"
Q: Match the characteristics with their market structure:
(a) Price > MC in both short and long run
(b) Faces highly elastic demand
708 062de6fc9dc73b0303fb4f418
62de6fc9dc73b0303fb4f418- 1(a) Monopolistic competition, (b) Pure competitionfalse
- 2(a) Pure Monopoly, (b) Monopolistic competitiontrue
- 3(a) Pure competition, (b) Monopolistic competitionfalse
- 4(a) Oligopoly, (b) Pure competitionfalse
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Answer : 2. "(a) Pure Monopoly, (b) Monopolistic competition"
Q: A ‘Transfer Income’ is as –
706 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: Form of public expenditure
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61b32c1c8b0b930f5301c652- 1Reconnaissance Expensesfalse
- 2Compensatory expenditurefalse
- 3Personal expenditurefalse
- 4Both 1 and 2true
- 5All thesefalse
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Answer : 4. "Both 1 and 2"
Q: The availability of cash and other marketable instruments like cash, which are useful for purchase and investment, is generally called.
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61b761a77a5b3510e9c6341e- 1Cash Crunchfalse
- 2Liquidityfalse
- 3Credittrue
- 4Marketabilityfalse
- 5None of thesefalse
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