Account and Finance Practice Question and Answer

Q:

Match the characteristics with their market structure:

(a) Firm has control over quantity of output but it must take into account reactions of competitors.

b) Firm will tend to set output so that it earns maximum profits.

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  • 1
    (a) Oligopoly, (b) Pure competition
    Correct
    Wrong
  • 2
    (a) Monopolistic competition, (b) Oligopoly
    Correct
    Wrong
  • 3
    (a) Pure Monopoly, (b) Pure competition
    Correct
    Wrong
  • 4
    (a) Oligopoly, (b) Pure Monopoly
    Correct
    Wrong
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Answer : 1. "(a) Oligopoly, (b) Pure competition"

Q:

Mutual Funds are required to be registered with :

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  • 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:

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

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  • 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 _____.

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  • 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 bank has launched a ‘SIM Binding’ feature in its digital banking platforms to protect customers from various frauds?

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  • 1
    Union Bank of India
    Correct
    Wrong
  • 2
    HDFC Bank
    Correct
    Wrong
  • 3
    Yes Bank
    Correct
    Wrong
  • 4
    ICICI Bank
    Correct
    Wrong
  • 5
    State Bank of India
    Correct
    Wrong
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Answer : 5. "State Bank of India"

Q:

The tools of fiscal policy are

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  • 1
    bank rate
    Correct
    Wrong
  • 2
    repo rate
    Correct
    Wrong
  • 3
    Reverse Repo Rate
    Correct
    Wrong
  • 4
    Public debt
    Correct
    Wrong
  • 5
    CRR rate
    Correct
    Wrong
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Answer : 4. "Public debt"

Q:

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

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  • 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"

Q:

Which is the first bank started entirely with Indian capital?

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  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Punjab National Bank
    Correct
    Wrong
  • 3
    Bank of Baroda
    Correct
    Wrong
  • 4
    Bank of Maharashtra
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Punjab National Bank"

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