Account and Finance Practice Question and Answer
8 Q: Match the characteristics with their market structure:
(a) Price > MC in both short and long run
(b) Faces highly elastic demand
626 062de6fc9dc73b0303fb4f418
62de6fc9dc73b0303fb4f418- 1(a) Monopolistic competition, (b) Pure competitionfalse
- 2(a) Pure Monopoly, (b) Monopolistic competitiontrue
- 3(a) Pure competition, (b) Monopolistic competitionfalse
- 4(a) Oligopoly, (b) Pure competitionfalse
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Answer : 2. "(a) Pure Monopoly, (b) Monopolistic competition"
Q: ___________ of a bank is the ratio of deposits in current and saving accounts to total deposits.
669 062d67451313eb40eb87339ce
62d67451313eb40eb87339ce- 1RASA ratiofalse
- 2FARA ratiofalse
- 3SADA ratiofalse
- 4NASA ratiofalse
- 5CASA ratiotrue
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Answer : 5. "CASA ratio"
Q: NACH is a centralised system, launched with an aim to consolidate multiple ECS systems running across the country and provides a framework for the harmonization of standard & practices and removes local barriers/inhibitors. What is the meaning of "H" in NACH?
676 062d673d30c053665b696e362
62d673d30c053665b696e362- 1Housetrue
- 2Homefalse
- 3Handlefalse
- 4Hostfalse
- 5Honestfalse
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Answer : 1. "House"
Q: Goods whose demand is proportional to price are called
634 062cd647031b6d201552ccc54
62cd647031b6d201552ccc54- 1normal goodsfalse
- 2exclusive goodsfalse
- 3inferior goodsfalse
- 4Veblen goodstrue
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Answer : 4. "Veblen goods"
Q: What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?
1032 062beb40925fd051a6564cd43
62beb40925fd051a6564cd43- 128%true
- 210%false
- 318%false
- 432%false
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Answer : 1. "28%"
Q: Which of the following is the nodal agency of Unstructured Supplementary Service Data (USSD) Service?
1112 06213ccc63e501f3ab0970274
6213ccc63e501f3ab0970274- 1NPCItrue
- 2RBIfalse
- 3SBIfalse
- 4SEBIfalse
- 5FBIfalse
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Answer : 1. "NPCI"
Q: Which of the following is NOT a Govt-sponsored organization?
813 061d850a135bd1c6dba0133e4
61d850a135bd1c6dba0133e4- 1Small Industries Development Bank of Indiafalse
- 2NABARDfalse
- 3National Housing Bankfalse
- 4ICICI Banktrue
- 5All are Govt-sponsoredfalse
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Answer : 4. "ICICI Bank"
Q: Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India
698 061d84b28498f632d55002414
61d84b28498f632d55002414A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India
- 1Only (A)false
- 2Only (B)false
- 3Only (A) and (B)false
- 4All (A), (B) and (C)true
- 5Only (B) and (C)false
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