Account and Finance Questions Practice Question and Answer

Q:

An effective way to control inflationary pressures is

548 0

  • 1
    increase in taxation
    Correct
    Wrong
  • 2
    reduction in government expenditure
    Correct
    Wrong
  • 3
    Increase in public life
    Correct
    Wrong
  • 4
    Increase in Repo Rate
    Correct
    Wrong
  • 5
    All these
    Correct
    Wrong
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Answer : 5. "All these"

Q:

Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?

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  • 1
    Reserve Bank of India
    Correct
    Wrong
  • 2
    Comptroller and Auditor General of India
    Correct
    Wrong
  • 3
    Ministry of Finance
    Correct
    Wrong
  • 4
    State Bank of India
    Correct
    Wrong
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Answer : 1. "Reserve Bank of India"

Q:

Teaser Rates are related to which of the following types of loans?

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  • 1
    Home Loans
    Correct
    Wrong
  • 2
    Personal Loans
    Correct
    Wrong
  • 3
    Auto Loans
    Correct
    Wrong
  • 4
    Reverse Mortgage Loans
    Correct
    Wrong
  • 5
    Crop Loans
    Correct
    Wrong
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Answer : 1. "Home Loans "

Q:

According to the existing norms, the permission of which of the following has to be taken for mergers and acquisitions in the corporate sector apart from the Reserve Bank of India?

(a) The High Court of the State concerned

(b) Union Cabinet

(c) the cabinets of the respective states

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  • 1
    (a) and (b) only
    Correct
    Wrong
  • 2
    Only (b)
    Correct
    Wrong
  • 3
    (c) only
    Correct
    Wrong
  • 4
    Only (a)
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "(a) and (b) only"

Q:

Functional finance is related to

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  • 1
    Monetary policy
    Correct
    Wrong
  • 2
    Fiscal policy
    Correct
    Wrong
  • 3
    Five year plan
    Correct
    Wrong
  • 4
    Both
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Fiscal policy"

Q:

The Financial Sector Appraisal Committee (CFSA) constituted by the Reserve Bank of India has also recommended some reforms in which of the following laws existing in India?

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  • 1
    Taxation Law
    Correct
    Wrong
  • 2
    Commercial law
    Correct
    Wrong
  • 3
    Banking Regulation Law
    Correct
    Wrong
  • 4
    Property law
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 3. "Banking Regulation Law"

Q:

IMF and World Bank are considered as such institutions

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    Which strengthens international economic cooperation and helps in building a more stable and prosperous global economy
    Correct
    Wrong
  • 2
    IMF promotes international monetary cooperation.
    Correct
    Wrong
  • 3
    The World Bank promotes long-term economic growth and supports poverty reduction
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
  • 5
    None of the above
    Correct
    Wrong
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Answer : 4. "All of the above"

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?

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  • 1
    House
    Correct
    Wrong
  • 2
    Home
    Correct
    Wrong
  • 3
    Handle
    Correct
    Wrong
  • 4
    Host
    Correct
    Wrong
  • 5
    Honest
    Correct
    Wrong
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Answer : 1. "House"

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