Account and Finance Practice Question and Answer
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Q: GST stands for_____
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60f7b2093ca0726dff341a9f- 1Goods and Services Taxtrue
- 2Growth and Service Taxfalse
- 3Growth and Sale Taxfalse
- 4Goods and Sales Taxfalse
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Answer : 1. "Goods and Services Tax"
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: Which among the following is an example of micro-economic variable?
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606c3052c476de27c7b1e07f- 1Employmentfalse
- 2Consumer’s Equilibriumtrue
- 3National Incomefalse
- 4Aggregate Supplyfalse
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Answer : 2. "Consumer’s Equilibrium "
Q: Which one of the following is not an instrument of credit control in India?
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606c2fb5affa2d5265b4e4ab- 1Open Market operationsfalse
- 2Variable cost reserve ratiostrue
- 3Rationing of creditfalse
- 4Direct Actionfalse
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Answer : 2. "Variable cost reserve ratios "
Q: Which amongst the following is not a component of monetary policy in India?
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606c2deb6a85553684ddde56- 1Credit Ratingfalse
- 2Public Debttrue
- 3Repo ratefalse
- 4Moral suasionfalse
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Answer : 2. "Public Debt "
Q: In which market form, a market or industry is dominated by a few firms?
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606c2bfcaffa2d5265b4d968- 1Monopolyfalse
- 2Oligopolytrue
- 3Perfect Competitionfalse
- 4None of the abovefalse
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Answer : 2. "Oligopoly "
Q: Medium-term loans are provided for a period of _____.
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60338b1ded952b1532dde895- 115 months to 4 yearsfalse
- 21 year to 3 yearstrue
- 31 year to 2 yearsfalse
- 415 months to 3 yearsfalse
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Answer : 2. "1 year to 3 years"
Q: Which of the following rate is charged by banks to their most credit-worthy customers?
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60338a8904197a15c66fd01b- 1Bank Ratefalse
- 2Repo Ratefalse
- 3Prime Lending Ratetrue
- 4Statutory Liquidity Ratefalse
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Answer : 3. "Prime Lending Rate"
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