Account and Finance Questions Practice Question and Answer

Q:

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

534 0

  • 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:

An effective way to control inflationary pressures is

532 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?

525 0

  • 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:

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?

524 0

  • 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:

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

520 0

  • 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

517 0

  • 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:

Which of the following branch of the World Bank was formed in the year 1992 for quick financial action and innovation activities?

505 0

  • 1
    IFC
    Correct
    Wrong
  • 2
    IDF
    Correct
    Wrong
  • 3
    MIGA
    Correct
    Wrong
  • 4
    ICSID
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "IDF"

Q:

The Government of India had started the insurance scheme for the agriculture sector. Which of the following is the name of this scheme?

504 0

  • 1
    NAIS
    Correct
    Wrong
  • 2
    RIDF
    Correct
    Wrong
  • 3
    AICIL
    Correct
    Wrong
  • 4
    CACP
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "NAIS"

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