Account and Finance Questions Practice Question and Answer

Q:

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

635 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:

Practiced in times of inflation

615 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:

Credit Foncier was first established in France in the year 1952. He is called the father of land mortgage banks. When was the first co-operative land-mortgage bank established in our country in Punjab?

612 0

  • 1
    1920
    Correct
    Wrong
  • 2
    1925
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1940
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "1920"

Q:

Match the characteristics with their market structure:

(a) Expand out put until MC = MR

(b) Elasticity of demand depends on pricing policies of rivals 

607 0

  • 1
    (a) Pure competition, (b) Pure Monopoly
    Correct
    Wrong
  • 2
    (a) Pure Monopoly, (b) Monopolistic competition
    Correct
    Wrong
  • 3
    (a) Pure competition, (b) Oligopoly
    Correct
    Wrong
  • 4
    (a) Monopolistic competition, (b) Oligopoly
    Correct
    Wrong
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Answer : 4. "(a) Monopolistic competition, (b) Oligopoly"

Q:

‘Functional Finance’ is accociated with: 

606 0

  • 1
    Adams
    Correct
    Wrong
  • 2
    Abba ‘P’ Lerner
    Correct
    Wrong
  • 3
    Adolph Wogner
    Correct
    Wrong
  • 4
    Adam Smith
    Correct
    Wrong
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Answer : 2. "Abba ‘P’ Lerner "

Q:

____________ is the official minimum rate at which the Central Bank of a country re-discounts the approved bills, held by commercial banks.

583 0

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

Q:

The FRBMA was enacted in 2003, which set targets for the government to reduce fiscal deficits. What does FRBMA stand for?

581 0

  • 1
    Fiscal Relations and Budget Maintenance Act
    Correct
    Wrong
  • 2
    Financial Relations and Budget Management Act
    Correct
    Wrong
  • 3
    Financial Responsibility and Budget Maintenance Act
    Correct
    Wrong
  • 4
    Fiscal Responsibility and Budget Management Act
    Correct
    Wrong
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Answer : 4. "Fiscal Responsibility and Budget Management Act"

Q:

Which of the following is NOT a Govt-sponsored organization?

580 0

  • 1
    Small Industries Development Bank of India
    Correct
    Wrong
  • 2
    NABARD
    Correct
    Wrong
  • 3
    National Housing Bank
    Correct
    Wrong
  • 4
    ICICI Bank
    Correct
    Wrong
  • 5
    All are Govt-sponsored
    Correct
    Wrong
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Answer : 4. "ICICI Bank"

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