Account and Finance Practice Question and Answer
4 Q: The Expenditure on advertisement and public relation by an enterprise is a part of its-
366 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: GDP is what percent of Fiscal deficit?
361 06511597ccb11fc5036e368e9
6511597ccb11fc5036e368e9- 17false
- 24true
- 38false
- 41false
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Answer : 2. "4"
Explanation :
Expl:- In budget 2014-15 the percent of G.D.P was 4.1 of fiscal deficit. But in 2015-16 its percent becomes 3.9% of fiscal deficit.
Q: Which of the following would not constitute an economic activity in Economics?
336 06512a4d2af64a2609c621ce1
6512a4d2af64a2609c621ce1- 1A teacher teaching students in his collegefalse
- 2A teacher teaching students in a coaching institutefalse
- 3A teacher teaching his own daughter at hometrue
- 4A teacher teaching students under Sarva Shiksha Abhiyan Schemefalse
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Answer : 3. "A teacher teaching his own daughter at home"
Explanation :
A teacher who is teaching his own daughter is not a part of economic activity as the imputed value of such activities can not be calculated.
Q: When increase in income the increase in ratio between income & expenditure changes–
330 0651158f156a7b2508cb0de7d
651158f156a7b2508cb0de7d- 1In same ratiofalse
- 2Ratio less than 1true
- 3Ratio more than onefalse
- 4Nonefalse
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Answer : 2. "Ratio less than 1"
Explanation :
Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1