Account and Finance Practice Question and Answer

Q:

Which of the following rate is charged by banks to their most credit-worthy customers?

1409 0

  • 1
    Bank Rate
    Correct
    Wrong
  • 2
    Repo Rate
    Correct
    Wrong
  • 3
    Prime Lending Rate
    Correct
    Wrong
  • 4
    Statutory Liquidity Rate
    Correct
    Wrong
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Answer : 3. "Prime Lending Rate"

Q:

In which market form, a market or industry is dominated by a few firms? 

1407 0

  • 1
    Monopoly
    Correct
    Wrong
  • 2
    Oligopoly
    Correct
    Wrong
  • 3
    Perfect Competition
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 2. "Oligopoly "

Q:

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

1402 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:

The Financial Sector Appraisal Committee (CFSA) constituted by the Reserve Bank of India has also recommended some reforms in which of the following laws existing in India?

1395 0

  • 1
    Taxation Law
    Correct
    Wrong
  • 2
    Commercial law
    Correct
    Wrong
  • 3
    Banking Regulation Law
    Correct
    Wrong
  • 4
    Property law
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 3. "Banking Regulation Law"

Q:

When was the first Savings Bank established in Hamburg?

1390 0

  • 1
    1760
    Correct
    Wrong
  • 2
    1765
    Correct
    Wrong
  • 3
    1770
    Correct
    Wrong
  • 4
    1775
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "1765"

Q:

Practiced in times of inflation

1389 0

  • 1
    Pump Priming Policy
    Correct
    Wrong
  • 2
    Positive Compensatory Expenditure Policy
    Correct
    Wrong
  • 3
    Negative Compensatory Expenditure Policy
    Correct
    Wrong
  • 4
    Both 2 and 3
    Correct
    Wrong
  • 5
    Both 1 and 3
    Correct
    Wrong
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Answer : 3. "Negative Compensatory Expenditure Policy"

Q:

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

1387 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"

Q:

Mutual Funds are required to be registered with :

1382 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"

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