Account and Finance Practice Question and Answer
8 Q: Which of the following terms is used in Banking?
950 061d8491e498f632d55001b81
61d8491e498f632d55001b81- 1Epicentrefalse
- 2Pascal’s Lawfalse
- 3Currencytrue
- 4Centre of Gravityfalse
- 5Latitudefalse
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Answer : 3. "Currency"
Q: The Effect of ‘Investment Multiplier’ is shows on–
910 0651291449c491b8125bcbfb3
651291449c491b8125bcbfb3- 1Employmentfalse
- 2Savingsfalse
- 3Incometrue
- 4Consumptionfalse
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Answer : 3. "Income "
Explanation :
Investment multiplier means those elements by which investment is increased and due to increasing of investment. There is increase in income and production. So effect of ‘Investment Multiplier’, according to above options is shown on income
Q: The availability of cash and other marketable instruments like cash, which are useful for purchase and investment, is generally called.
905 061b761a77a5b3510e9c6341e
61b761a77a5b3510e9c6341e- 1Cash Crunchfalse
- 2Liquidityfalse
- 3Credittrue
- 4Marketabilityfalse
- 5None of thesefalse
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Answer : 3. "Credit"
Q: National Income include–
882 065116455cb11fc5036e3f5be
65116455cb11fc5036e3f5be- 1Financial help to earthquake victimsfalse
- 2Poket money of a childfalse
- 3Winning of a lottery Prizefalse
- 4Construction of a new Housetrue
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Answer : 4. "Construction of a new House"
Explanation :
When new house is given on rent the factor income will increase. Hence, it will be part of National Income. Rests are part of Transfer Payment.
Q: The Central Statistical Organisation (CSO) provides data under a new revised series in which the base year is taken as–
881 065115b82cb11fc5036e37488
65115b82cb11fc5036e37488- 11960-61false
- 21970-71false
- 32011-12true
- 41990-91false
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Answer : 3. "2011-12 "
Explanation :
The CSO provides data under a new revised series in which the base year is taken as 2011–12.
Q: The Expenditure on advertisement and public relation by an enterprise is a part of its-
860 06511562110a18f5082fb17d4
6511562110a18f5082fb17d4- 1Consumption of fined capitalfalse
- 2Final consumption Expenditurefalse
- 3Intermediate Consumptiontrue
- 4Fined Capitalfalse
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Answer : 3. "Intermediate Consumption"
Explanation :
The Advertisement and public relations of selling expenses are part of intermediate consumption.
Q: Which of the following is one of the Open Market Operations by the Reserve Bank of India?
843 0647a1cf7411cb5478d8bc702
647a1cf7411cb5478d8bc702- 1Buying and selling of bonds issued by the Government in the open markettrue
- 2Only selling of bonds issued by the Government in the open marketfalse
- 3Only buying of bonds issued by the Government in the open marketfalse
- 4Buying and selling of bonds issued by commercial banks in the open marketfalse
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Answer : 1. "Buying and selling of bonds issued by the Government in the open market"
Q: A ‘Transfer Income’ is an–
834 06512a0e9af64a2609c621915
6512a0e9af64a2609c621915- 1Income which is not produced by any production processtrue
- 2Income taken away from one person and given over to anotherfalse
- 3Unearned incomefalse
- 4Earned incomefalse
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Answer : 1. "Income which is not produced by any production process"
Explanation :
Income which is not produced by any production process is called transfer income. It is generally money received by an individual or family from the state or other body, often the pension or unemployment benefit.