Account and Finance Practice Question and Answer
8 Q: What is the upper limit of annual household income for microfinance borrowers in rural areas?
498 06441220732185cce374b418d
6441220732185cce374b418d- 1₹1.5 lakhfalse
- 2₹1 lakhfalse
- 3₹1.25 lakhtrue
- 4₹2 lakhfalse
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Answer : 3. "₹1.25 lakh"
Q: The theory of distribution relates to which of the following?
617 0638f0de39ebad6607ba13684
638f0de39ebad6607ba13684- 1The distribution of assetsfalse
- 2The distribution of incomefalse
- 3The distribution of factor paymentsfalse
- 4Equality in the distribution of the income and wealthtrue
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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?
623 063072d53e864816d0050c2bb
63072d53e864816d0050c2bb- 1Fiscal Relations and Budget Maintenance Actfalse
- 2Financial Relations and Budget Management Actfalse
- 3Financial Responsibility and Budget Maintenance Actfalse
- 4Fiscal Responsibility and Budget Management Acttrue
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Answer : 4. "Fiscal Responsibility and Budget Management Act"
Q: BSE SENSEX Constitutes ____ number of companies.
743 062f3399b09a97851b630beb7
62f3399b09a97851b630beb7- 130true
- 240false
- 350false
- 460false
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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
637 062f3311739a8157d97fb7154
62f3311739a8157d97fb7154- 1(a) Pure competition, (b) Pure Monopolyfalse
- 2(a) Pure Monopoly, (b) Monopolistic competitionfalse
- 3(a) Pure competition, (b) Oligopolyfalse
- 4(a) Monopolistic competition, (b) Oligopolytrue
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Answer : 4. "(a) Monopolistic competition, (b) Oligopoly"
Q: Uber has launched a business-to-business model called ______?
528 062ecd49f4404a856fa25b26b
62ecd49f4404a856fa25b26b- 1"Uber for Business "true
- 2“Business for Uber”false
- 3“Uber Business”false
- 4“Business Uber”false
- 5None of the abovefalse
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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.
591 062e9f9a84404a856fa178dda
62e9f9a84404a856fa178dda- 1(a) Oligopoly, (b) Pure competitiontrue
- 2(a) Monopolistic competition, (b) Oligopolyfalse
- 3(a) Pure Monopoly, (b) Pure competitionfalse
- 4(a) Oligopoly, (b) Pure Monopolyfalse
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Answer : 1. "(a) Oligopoly, (b) Pure competition"
Q: In which year, RBI was nationalized?
600 062de83f7313eb40eb8a034bc
62de83f7313eb40eb8a034bc- 11939false
- 21949true
- 31959false
- 41969false
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