Account and Finance Practice Question and Answer
8 Q: Which one of the following is not a method of measurement of National Income?
812 06512a5dfea7f40961eb10778
6512a5dfea7f40961eb10778- 1Value Added Methodfalse
- 2Income Methodfalse
- 3Investment Methodtrue
- 4Expenditure Methodfalse
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Answer : 3. "Investment Method "
Explanation :
There are only three methods are using for calculating of national income i.e., value added method, income method and expenditure method.
Q: ___________ of a bank is the ratio of deposits in current and saving accounts to total deposits.
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62d67451313eb40eb87339ce- 1RASA ratiofalse
- 2FARA ratiofalse
- 3SADA ratiofalse
- 4NASA ratiofalse
- 5CASA ratiotrue
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Answer : 5. "CASA ratio"
Q: Personal Income produced in a country is not included in–
788 06512906b7cef9d502469a1c2
6512906b7cef9d502469a1c2- 1Production income from NDPfalse
- 2Net Production Income from foreign.false
- 3Transfer Income from governmentfalse
- 4Current Payment on Foreign loans.true
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Answer : 4. "Current Payment on Foreign loans."
Explanation :
The Current payment on foreign loans are not included in personal Income. In economics, personal income refers to an individual’s total earnings from wages, investment enterprises, and other ventures. It is the sum of all the incomes received by all the individuals or household during a given period.
Q: Goods whose demand is proportional to price are called
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62cd647031b6d201552ccc54- 1normal goodsfalse
- 2exclusive goodsfalse
- 3inferior goodsfalse
- 4Veblen goodstrue
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Answer : 4. "Veblen goods"
Q: National Income is also called as–
785 06513d59656a7b2508cb933bf
6513d59656a7b2508cb933bf- 1GNP at factor costfalse
- 2GNP at market pricefalse
- 3NNP at factor costfalse
- 4NNP at market pricetrue
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Answer : 4. "NNP at market price"
Explanation :
Initially NNPFC was known as National Income but Now NNPMP is known as National Income.
Q: IMF and World Bank are considered as such institutions
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61b74fb1993630653cf48536- 1Which strengthens international economic cooperation and helps in building a more stable and prosperous global economyfalse
- 2IMF promotes international monetary cooperation.false
- 3The World Bank promotes long-term economic growth and supports poverty reductionfalse
- 4All of the abovetrue
- 5None of the abovefalse
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Answer : 4. "All of the above"
Q: Which of the following is not correctly matched?
Bank Nationalization year
775 061b74e9a8fe2311103b0167e
61b74e9a8fe2311103b0167e- 1State Bank of Indore -1959false
- 2Allahabad Bank 1959true
- 3Andhra Bank -1980false
- 4Bank of Baroda -1969false
- 5None of the abovefalse
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Answer : 2. "Allahabad Bank 1959"
Q: Teaser Rates are related to which of the following types of loans?
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61d849d00499556d96bac49b- 1Home Loanstrue
- 2Personal Loansfalse
- 3Auto Loansfalse
- 4Reverse Mortgage Loansfalse
- 5Crop Loansfalse
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