Account and Finance Questions Practice Question and Answer

Q:

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as:

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  • 1
    Discount field
    Correct
    Wrong
  • 2
    Deflation
    Correct
    Wrong
  • 3
    Negative growth
    Correct
    Wrong
  • 4
    Market capitalism
    Correct
    Wrong
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Answer : 2. "Deflation"

Q:

The government notified a hike in the foreign direct investment (FDI) limit in pension fund management to what percent under the national pension system (NPS)?

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  • 1
    74%
    Correct
    Wrong
  • 2
    100%
    Correct
    Wrong
  • 3
    49%
    Correct
    Wrong
  • 4
    64%
    Correct
    Wrong
  • 5
    70%
    Correct
    Wrong
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Answer : 1. "74%"

Q:

Which among the following is recently declared as first economic fugitive of India?

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  • 1
    Lalit Modi
    Correct
    Wrong
  • 2
    Nirav Modi
    Correct
    Wrong
  • 3
    Vijay Mallya
    Correct
    Wrong
  • 4
    Mehul choksi
    Correct
    Wrong
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Answer : 3. "Vijay Mallya "

Q:

Name the pilot project of NABARD for Digitalisation of Self-Help Groups (SHGS). 

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  • 1
    e-sarthi
    Correct
    Wrong
  • 2
    e- sathi
    Correct
    Wrong
  • 3
    e- shakti
    Correct
    Wrong
  • 4
    e-nari
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. " e- shakti "

Q:

Which country has unveiled recently World's first train that operates on a virtual track using sensor technology?  

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  • 1
    Japan
    Correct
    Wrong
  • 2
    China
    Correct
    Wrong
  • 3
    India
    Correct
    Wrong
  • 4
    Bangladesh
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "China "

Q:

What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?

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  • 1
    28%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    32%
    Correct
    Wrong
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Answer : 1. "28%"

Q:

FCCB stands for:

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  • 1
    Finance and Currency Controller Board
    Correct
    Wrong
  • 2
    Foreign Currency Convertible Bond
    Correct
    Wrong
  • 3
    Foreign Collection for Cash Board
    Correct
    Wrong
  • 4
    Foreign Collection for Credit Board
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Foreign Currency Convertible Bond "

Q:

Among the following international currencies which one is NOT included in the SDR basket of IMF? 

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  • 1
    Australian Dollar
    Correct
    Wrong
  • 2
    Euro
    Correct
    Wrong
  • 3
    Renminbi
    Correct
    Wrong
  • 4
    Yen
    Correct
    Wrong
  • 5
    Pound Sterling
    Correct
    Wrong
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Answer : 1. "Australian Dollar "

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