Account and Finance Questions Practice Question and Answer

Q:

Which one of the following is not an instrument of credit control in India? 

1007 0

  • 1
    Open Market operations
    Correct
    Wrong
  • 2
    Variable cost reserve ratios
    Correct
    Wrong
  • 3
    Rationing of credit
    Correct
    Wrong
  • 4
    Direct Action
    Correct
    Wrong
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Answer : 2. "Variable cost reserve ratios "

Q:

Accounts in which shares of various companies are traded in electronic form are called:

1001 0

  • 1
    Demat Accounts
    Correct
    Wrong
  • 2
    Revenue Accounts
    Correct
    Wrong
  • 3
    E- Accounts
    Correct
    Wrong
  • 4
    Saving accounts
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Demat Accounts"

Q:

According to the existing norms, the permission of which of the following has to be taken for mergers and acquisitions in the corporate sector apart from the Reserve Bank of India?

(a) The High Court of the State concerned

(b) Union Cabinet

(c) the cabinets of the respective states

998 0

  • 1
    (a) and (b) only
    Correct
    Wrong
  • 2
    Only (b)
    Correct
    Wrong
  • 3
    (c) only
    Correct
    Wrong
  • 4
    Only (a)
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "(a) and (b) only"

Q:

Mutual Funds are required to be registered with :

998 0

  • 1
    AMFI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    IBA
    Correct
    Wrong
  • 4
    RBI
    Correct
    Wrong
  • 5
    FCAT
    Correct
    Wrong
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Answer : 2. "SEBI"

Q:

Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?

994 0

  • 1
    Reserve Bank of India
    Correct
    Wrong
  • 2
    Comptroller and Auditor General of India
    Correct
    Wrong
  • 3
    Ministry of Finance
    Correct
    Wrong
  • 4
    State Bank of India
    Correct
    Wrong
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Answer : 1. "Reserve Bank of India"

Q:

The World Economic Outlook (WEO) is a survey conducted and published by-

992 0

  • 1
    WTO
    Correct
    Wrong
  • 2
    World Bank
    Correct
    Wrong
  • 3
    UNCTAD
    Correct
    Wrong
  • 4
    New Development Bank
    Correct
    Wrong
  • 5
    International Monetary Fund
    Correct
    Wrong
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Answer : 5. "International Monetary Fund "

Q:

Medium-term loans are provided for a period of _____.

992 0

  • 1
    15 months to 4 years
    Correct
    Wrong
  • 2
    1 year to 3 years
    Correct
    Wrong
  • 3
    1 year to 2 years
    Correct
    Wrong
  • 4
    15 months to 3 years
    Correct
    Wrong
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Answer : 2. "1 year to 3 years"

Q:

Which of the following country is the largest lender of America?

991 0

  • 1
    Britain
    Correct
    Wrong
  • 2
    Japan
    Correct
    Wrong
  • 3
    China
    Correct
    Wrong
  • 4
    Brazil
    Correct
    Wrong
  • 5
    India
    Correct
    Wrong
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Answer : 3. "China"

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