Account and Finance Questions Practice Question and Answer
8 Q: In which market form, a market or industry is dominated by a few firms?
635 0606c2bfcaffa2d5265b4d968
606c2bfcaffa2d5265b4d968- 1Monopolyfalse
- 2Oligopolytrue
- 3Perfect Competitionfalse
- 4None of the abovefalse
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Answer : 2. "Oligopoly "
Q: Practiced in times of inflation
615 061b32c91bcb1f45db0a6a7ef
61b32c91bcb1f45db0a6a7ef- 1Pump Priming Policyfalse
- 2Positive Compensatory Expenditure Policyfalse
- 3Negative Compensatory Expenditure Policytrue
- 4Both 2 and 3false
- 5Both 1 and 3false
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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 061b3342345c0db34860dc201
61b3342345c0db34860dc201- 11920true
- 21925false
- 31935false
- 41940false
- 5None of thesefalse
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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 062f3311739a8157d97fb7154
62f3311739a8157d97fb7154- 1(a) Pure competition, (b) Pure Monopolyfalse
- 2(a) Pure Monopoly, (b) Monopolistic competitionfalse
- 3(a) Pure competition, (b) Oligopolyfalse
- 4(a) Monopolistic competition, (b) Oligopolytrue
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Answer : 4. "(a) Monopolistic competition, (b) Oligopoly"
Q: ‘Functional Finance’ is accociated with:
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60af7b7bd752621d4fa2f5c7- 1Adamsfalse
- 2Abba ‘P’ Lernertrue
- 3Adolph Wognerfalse
- 4Adam Smithfalse
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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 0610a536ba064c176185ea0d1
610a536ba064c176185ea0d1- 1Prime Lending Ratefalse
- 2Reverse Repo Ratefalse
- 3Repo Ratefalse
- 4Bank ratetrue
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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 063072d53e864816d0050c2bb
63072d53e864816d0050c2bb- 1Fiscal Relations and Budget Maintenance Actfalse
- 2Financial Relations and Budget Management Actfalse
- 3Financial Responsibility and Budget Maintenance Actfalse
- 4Fiscal Responsibility and Budget Management Acttrue
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Answer : 4. "Fiscal Responsibility and Budget Management Act"
Q: Which of the following is NOT a Govt-sponsored organization?
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61d850a135bd1c6dba0133e4- 1Small Industries Development Bank of Indiafalse
- 2NABARDfalse
- 3National Housing Bankfalse
- 4ICICI Banktrue
- 5All are Govt-sponsoredfalse
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