Account and Finance Practice Question and Answer

Q:

Match the characteristics with their market structure:

(a) Price > MC in both short and long run

(b) Faces highly elastic demand

487 0

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

Q:

___________ of a bank is the ratio of deposits in current and saving accounts to total deposits.

540 0

  • 1
    RASA ratio
    Correct
    Wrong
  • 2
    FARA ratio
    Correct
    Wrong
  • 3
    SADA ratio
    Correct
    Wrong
  • 4
    NASA ratio
    Correct
    Wrong
  • 5
    CASA ratio
    Correct
    Wrong
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Answer : 5. "CASA ratio"

Q:

NACH is a centralised system, launched with an aim to consolidate multiple ECS systems running across the country and provides a framework for the harmonization of standard & practices and removes local barriers/inhibitors. What is the meaning of "H" in NACH?

542 0

  • 1
    House
    Correct
    Wrong
  • 2
    Home
    Correct
    Wrong
  • 3
    Handle
    Correct
    Wrong
  • 4
    Host
    Correct
    Wrong
  • 5
    Honest
    Correct
    Wrong
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Answer : 1. "House"

Q:

Goods whose demand is proportional to price are called

519 0

  • 1
    normal goods
    Correct
    Wrong
  • 2
    exclusive goods
    Correct
    Wrong
  • 3
    inferior goods
    Correct
    Wrong
  • 4
    Veblen goods
    Correct
    Wrong
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Answer : 4. "Veblen goods"

Q:

What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?

756 0

  • 1
    28%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    32%
    Correct
    Wrong
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Answer : 1. "28%"

Q:

Which of the following is the nodal agency of Unstructured Supplementary Service Data (USSD) Service?

939 0

  • 1
    NPCI
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    SBI
    Correct
    Wrong
  • 4
    SEBI
    Correct
    Wrong
  • 5
    FBI
    Correct
    Wrong
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Answer : 1. "NPCI"

Q:

Which of the following is NOT a Govt-sponsored organization?

636 0

  • 1
    Small Industries Development Bank of India
    Correct
    Wrong
  • 2
    NABARD
    Correct
    Wrong
  • 3
    National Housing Bank
    Correct
    Wrong
  • 4
    ICICI Bank
    Correct
    Wrong
  • 5
    All are Govt-sponsored
    Correct
    Wrong
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Answer : 4. "ICICI Bank"

Q:

Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India

586 0

  • 1
    Only (A)
    Correct
    Wrong
  • 2
    Only (B)
    Correct
    Wrong
  • 3
    Only (A) and (B)
    Correct
    Wrong
  • 4
    All (A), (B) and (C)
    Correct
    Wrong
  • 5
    Only (B) and (C)
    Correct
    Wrong
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Answer : 4. "All (A), (B) and (C) "

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