Account and Finance Practice Question and Answer
8 Q: Which of the following rate is charged by banks to their most credit-worthy customers?
1344 060338a8904197a15c66fd01b
60338a8904197a15c66fd01b- 1Bank Ratefalse
- 2Repo Ratefalse
- 3Prime Lending Ratetrue
- 4Statutory Liquidity Ratefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Prime Lending Rate"
Q: Which amongst the following is not a component of monetary policy in India?
1341 0606c2deb6a85553684ddde56
606c2deb6a85553684ddde56- 1Credit Ratingfalse
- 2Public Debttrue
- 3Repo ratefalse
- 4Moral suasionfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Public Debt "
Q: Per Capita Income is equal to–
1332 06513d63b10a18f508203e074
6513d63b10a18f508203e074- 1National Income/Total population of the countrytrue
- 2National Income + Populationfalse
- 3National Income - Populationfalse
- 4National Income x Populationfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "National Income/Total population of the country "
Explanation :
The average income of the people of a country in a particular year is called Per Capita Income for that year. So, it is National Income divided by population.
Per Capita Income
= National Income/Total population of the country
Though Per Capita Income is more reliable than GNP for many particular purpose.
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.
1332 062e9f9a84404a856fa178dda
62e9f9a84404a856fa178dda- 1(a) Oligopoly, (b) Pure competitiontrue
- 2(a) Monopolistic competition, (b) Oligopolyfalse
- 3(a) Pure Monopoly, (b) Pure competitionfalse
- 4(a) Oligopoly, (b) Pure Monopolyfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "(a) Oligopoly, (b) Pure competition"
Q: The tools of fiscal policy are
1331 061b32d0e45c0db34860dae2b
61b32d0e45c0db34860dae2b- 1bank ratefalse
- 2repo ratefalse
- 3Reverse Repo Ratefalse
- 4Public debttrue
- 5CRR ratefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Public debt"
Q: The World Economic Outlook (WEO) is a survey conducted and published by-
1330 05fc756d2b3b23538af6cf227
5fc756d2b3b23538af6cf227- 1WTOfalse
- 2World Bankfalse
- 3UNCTADfalse
- 4New Development Bankfalse
- 5International Monetary Fundtrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 5. "International Monetary Fund "
Q: In which market form, a market or industry is dominated by a few firms?
1316 0606c2bfcaffa2d5265b4d968
606c2bfcaffa2d5265b4d968- 1Monopolyfalse
- 2Oligopolytrue
- 3Perfect Competitionfalse
- 4None of the abovefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Oligopoly "
Q: One of the main factors that led to rapid expansion of Indian exports is–
1316 0651165d463078e50a29fb72f
651165d463078e50a29fb72f- 1Imposition of export dutyfalse
- 2Liberalization of the economytrue
- 3Recession in other countriesfalse
- 4Diversification of exportsfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Liberalization of the economy"
Explanation :
The Liberalization of economy is to the main factor that led to rapid expansion of Indian exports. Imposition, Recession and Diversification does not contribute to export