Account and Finance Questions Practice Question and Answer

Q:

What is the upper limit of annual household income for microfinance borrowers in rural areas?

472 0

  • 1
    ₹1.5 lakh
    Correct
    Wrong
  • 2
    ₹1 lakh
    Correct
    Wrong
  • 3
    ₹1.25 lakh
    Correct
    Wrong
  • 4
    ₹2 lakh
    Correct
    Wrong
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Answer : 3. "₹1.25 lakh"

Q:

The theory of distribution relates to which of the following?

601 0

  • 1
    The distribution of assets
    Correct
    Wrong
  • 2
    The distribution of income
    Correct
    Wrong
  • 3
    The distribution of factor payments
    Correct
    Wrong
  • 4
    Equality in the distribution of the income and wealth
    Correct
    Wrong
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Answer : 4. "Equality in the distribution of the income and wealth"

Q:

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

586 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:

BSE SENSEX Constitutes ____ number of companies.

720 0

  • 1
    30
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    50
    Correct
    Wrong
  • 4
    60
    Correct
    Wrong
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Answer : 1. "30"

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 

615 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:

Uber has launched a business-to-business model called ______?

507 0

  • 1
    "Uber for Business "
    Correct
    Wrong
  • 2
    “Business for Uber”
    Correct
    Wrong
  • 3
    “Uber Business”
    Correct
    Wrong
  • 4
    “Business Uber”
    Correct
    Wrong
  • 5
    None of the above
    Correct
    Wrong
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Answer : 1. ""Uber for Business ""

Q:

Match the characteristics with their market structure:

(a) Firm has control over quantity of output but it must take into account reactions of competitors.

b) Firm will tend to set output so that it earns maximum profits.

563 0

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

Q:

In which year, RBI was nationalized?

574 0

  • 1
    1939
    Correct
    Wrong
  • 2
    1949
    Correct
    Wrong
  • 3
    1959
    Correct
    Wrong
  • 4
    1969
    Correct
    Wrong
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Answer : 2. "1949"

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