Account and Finance Practice Question and Answer

Q:

GST stands for_____

994 0

  • 1
    Goods and Services Tax
    Correct
    Wrong
  • 2
    Growth and Service Tax
    Correct
    Wrong
  • 3
    Growth and Sale Tax
    Correct
    Wrong
  • 4
    Goods and Sales Tax
    Correct
    Wrong
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Answer : 1. "Goods and Services Tax"

Q:

‘Functional Finance’ is accociated with: 

639 0

  • 1
    Adams
    Correct
    Wrong
  • 2
    Abba ‘P’ Lerner
    Correct
    Wrong
  • 3
    Adolph Wogner
    Correct
    Wrong
  • 4
    Adam Smith
    Correct
    Wrong
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Answer : 2. "Abba ‘P’ Lerner "

Q:

Which among the following is an example of micro-economic variable? 

1170 0

  • 1
    Employment
    Correct
    Wrong
  • 2
    Consumer’s Equilibrium
    Correct
    Wrong
  • 3
    National Income
    Correct
    Wrong
  • 4
    Aggregate Supply
    Correct
    Wrong
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Answer : 2. "Consumer’s Equilibrium "

Q:

Which one of the following is not an instrument of credit control in India? 

768 0

  • 1
    Open Market operations
    Correct
    Wrong
  • 2
    Variable cost reserve ratios
    Correct
    Wrong
  • 3
    Rationing of credit
    Correct
    Wrong
  • 4
    Direct Action
    Correct
    Wrong
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Answer : 2. "Variable cost reserve ratios "

Q:

Which amongst the following is not a component of monetary policy in India? 

745 0

  • 1
    Credit Rating
    Correct
    Wrong
  • 2
    Public Debt
    Correct
    Wrong
  • 3
    Repo rate
    Correct
    Wrong
  • 4
    Moral suasion
    Correct
    Wrong
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Answer : 2. "Public Debt "

Q:

In which market form, a market or industry is dominated by a few firms? 

669 0

  • 1
    Monopoly
    Correct
    Wrong
  • 2
    Oligopoly
    Correct
    Wrong
  • 3
    Perfect Competition
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 2. "Oligopoly "

Q:

Medium-term loans are provided for a period of _____.

762 0

  • 1
    15 months to 4 years
    Correct
    Wrong
  • 2
    1 year to 3 years
    Correct
    Wrong
  • 3
    1 year to 2 years
    Correct
    Wrong
  • 4
    15 months to 3 years
    Correct
    Wrong
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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?

737 0

  • 1
    Bank Rate
    Correct
    Wrong
  • 2
    Repo Rate
    Correct
    Wrong
  • 3
    Prime Lending Rate
    Correct
    Wrong
  • 4
    Statutory Liquidity Rate
    Correct
    Wrong
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Answer : 3. "Prime Lending Rate"

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