Account and Finance Practice Question and Answer

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:

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:

Match the characteristics with their market structure:

(a) Expand out put until MC = MR

(b) Elasticity of demand depends on pricing policies of rivals 

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

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:

Which amongst the following is not a component of monetary policy in India? 

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  • 1
    Credit Rating
    Correct
    Wrong
  • 2
    Public Debt
    Correct
    Wrong
  • 3
    Repo rate
    Correct
    Wrong
  • 4
    Moral suasion
    Correct
    Wrong
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Answer : 2. "Public Debt "

Q:

One of the main factors that led to rapid expansion of Indian exports is–

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  • 1
    Imposition of export duty
    Correct
    Wrong
  • 2
    Liberalization of the economy
    Correct
    Wrong
  • 3
    Recession in other countries
    Correct
    Wrong
  • 4
    Diversification of exports
    Correct
    Wrong
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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

Q:

Bharti Airtel has partnered with which industry group for 'Made in India' 5G network solutions?

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  • 1
    Bajaj Group
    Correct
    Wrong
  • 2
    Adani Group
    Correct
    Wrong
  • 3
    Tata Group
    Correct
    Wrong
  • 4
    Aditya Birla Group
    Correct
    Wrong
  • 5
    Mahindra Group
    Correct
    Wrong
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Answer : 3. "Tata Group"

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"

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