Account and Finance Questions Practice Question and Answer
8 Q: GDP is what percent of Fiscal deficit?
230 06511597ccb11fc5036e368e9
6511597ccb11fc5036e368e9- 17false
- 24true
- 38false
- 41false
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Answer : 2. "4"
Explanation :
Expl:- In budget 2014-15 the percent of G.D.P was 4.1 of fiscal deficit. But in 2015-16 its percent becomes 3.9% of fiscal deficit.
Q: When increase in income the increase in ratio between income & expenditure changes–
214 0651158f156a7b2508cb0de7d
651158f156a7b2508cb0de7d- 1In same ratiofalse
- 2Ratio less than 1true
- 3Ratio more than onefalse
- 4Nonefalse
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Answer : 2. "Ratio less than 1"
Explanation :
Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1
Q: The Income of Indians working abroad is-
238 06511585710a18f5082fb1e12
6511585710a18f5082fb1e12- 1Domestic Income of Indiafalse
- 2Income earned from abroadtrue
- 3Net domestic product of Indiafalse
- 4Grave domestic product of India.false
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Answer : 2. "Income earned from abroad"
Explanation :
Expl:- NDPmp + NFIA = NNPmp
GDPmp + NFIA + GNPmp
Q: Which of the following represents the saving of the Private Corporate Sector?
251 0651157c956a7b2508cb0dc7d
651157c956a7b2508cb0dc7d- 1Undistributed profitstrue
- 2Excess of income over expenditurefalse
- 3Dividends paid to shareholdersfalse
- 4Total profit of a companyfalse
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Answer : 1. "Undistributed profits"
Explanation :
For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as net saving
Q: If a country produces consumer goods only and nothing else, then-
241 06511572f10a18f5082fb1afd
6511572f10a18f5082fb1afd- 1Standard of living will be highestfalse
- 2The country have certain amount of goodfalse
- 3The country will soon become poor if external trade will not happentrue
- 4The country will gradually become rich if external trade will not happenfalse
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Answer : 3. "The country will soon become poor if external trade will not happen"
Explanation :
If any country will produce only consumer good, then gradually the country will become poor as there will be no exchange of other goods and the economy of that country will highly be affected.
Q: The Expenditure on advertisement and public relation by an enterprise is a part of its-
208 06511562110a18f5082fb17d4
6511562110a18f5082fb17d4- 1Consumption of fined capitalfalse
- 2Final consumption Expenditurefalse
- 3Intermediate Consumptiontrue
- 4Fined Capitalfalse
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Answer : 3. "Intermediate Consumption"
Explanation :
The Advertisement and public relations of selling expenses are part of intermediate consumption.
Q: Forced saving refers to-
227 06511558410a18f5082fb144e
6511558410a18f5082fb144e- 1Compulsory deposits imposed on income tax payersfalse
- 2Provident fund contribution of private sector employeesfalse
- 3Reduction of consumption consequent to a rise in pricetrue
- 4Taxes on individual income and wealthfalse
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Answer : 3. "Reduction of consumption consequent to a rise in price"
Explanation :
According to Nobel Prize winner Frederick Wan, Forced Saving in an economic situation in which consumer spend less than their disposable income, not because they want to save but because the goods they seek are not avoidable or because goods are too expensive.
Q: Which of the following is one of the Open Market Operations by the Reserve Bank of India?
324 0647a1cf7411cb5478d8bc702
647a1cf7411cb5478d8bc702- 1Buying and selling of bonds issued by the Government in the open markettrue
- 2Only selling of bonds issued by the Government in the open marketfalse
- 3Only buying of bonds issued by the Government in the open marketfalse
- 4Buying and selling of bonds issued by commercial banks in the open marketfalse
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