Account and Finance Questions Practice Question and Answer
8 Q: ‘Functional Finance’ is accociated with:
1000 060af7b7bd752621d4fa2f5c7
60af7b7bd752621d4fa2f5c7- 1Adamsfalse
- 2Abba ‘P’ Lernertrue
- 3Adolph Wognerfalse
- 4Adam Smithfalse
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Answer : 2. "Abba ‘P’ Lerner "
Q: Form of public expenditure
992 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: Teaser Rates are related to which of the following types of loans?
989 061d849d00499556d96bac49b
61d849d00499556d96bac49b- 1Home Loanstrue
- 2Personal Loansfalse
- 3Auto Loansfalse
- 4Reverse Mortgage Loansfalse
- 5Crop Loansfalse
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Answer : 1. "Home Loans "
Q: Which one of the following is not a method of measurement of National Income?
959 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: 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?
944 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?
914 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?
910 061d8491e498f632d55001b81
61d8491e498f632d55001b81- 1Epicentrefalse
- 2Pascal’s Lawfalse
- 3Currencytrue
- 4Centre of Gravityfalse
- 5Latitudefalse
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Answer : 3. "Currency"
Q: Compared to rich the poors saving is–
904 06511655ccb11fc5036e3f981
6511655ccb11fc5036e3f981- 1A larger part of their incomefalse
- 2An equal part of their incomefalse
- 3A small part of their incometrue
- 4All of their incomesfalse
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Answer : 3. "A small part of their income"
Explanation :
A necessary level of consumption produces differences in income and saving. This implies that the poor household have lower saving rates because they cannot “afford to save” after buying the necessities.