IFSCA Grade A Phase 1 Memory Based Questions FREE EBook

IFSCA Grade A Phase 1 Memory Based Questions

1. Which of the following SDG is related to Gender Inequality?

Answer: Goal 5 (Achieve gender equality and empower all women and
girls)

2. According to National Education Policy, instruction in Home language

are provided from
Answer: Grade 5 to Grade 8

3. K K Birla Foundation gives Saraswati Samman. Which of the following

are other awards given by KK Birla Foundation?
Answer: Vyas Samman

4. As per census,________________ age & above who can read & write
are called literate
Answer: 7 years

5. What is the score for the states/UTs under the Front Runner category
in the SDG Index?
Answer: 65 - 99 (100 is achiever)

6. Which of the following are ineligible under PM-KISAN scheme

Answer: Farmers who have 10 ha land

7. David Malpas has announced his resignation in Feb 2023. He is the

head of which of the following organizations?
Answer: World Bank

8. Recently, the IMF downgraded world growth from 3.4% to 2.9%.

Which of the following was the reason for it?
Answer:
1. Central Bank of developed countries increasing rates to control
inflation.
2. War in Ukraine

9. There is a person whose age is 29 years and he wants to get 3000 as

monthly pension under PM - SYM. How much amount does he have to
contribute every month and by what age he will start getting pension
every month?
Answer: Rs 100, 60 years

10. Recently PM Modi inaugurated Hubli Railway Stations. It comes under

which railway zone?
Answer: South Western Railway Zone
IFSCA Grade A Phase 1 Memory Based Questions FREE EBook

IFSCA Grade A Phase 1 Memory Based Questions

11. The G20 2023 troika consists of which of the following countries apart
from India?
Answer: Indonesia and Brazil

12. Which of the following is the domain of Population study?

Answer: Migration, Birth, Death

13. As per NFHS - 5, there are five total states which have TFR rate 2.1 or
above. Which of the following states is not one of them?
Answer: There are only five states in India which are above replacement
level of fertility of 2.1. These states are Bihar, Meghalaya, Uttar Pradesh,
Jharkhand and Manipur so correct answer is MP

14. As per Education Policy 2020, the central government is aiming to

achieve_____________gross enrollment rate (GER) in higher education
by ____________.
Answer: 50%, 2035

15. NASA’s labelled LUS 475b planet is of similar size as which of the
following planets?
Answer: Earth

16. Inventories are valued at the lower of cost or the net realisable value.
This accounting principle is known as___________.
Answer: Prudence Concept of Accounting

17. What is Working Capital?

Answer: It is excess of current assets over current liabilities.

18. Advertisement expenses are treated as_____________.

Answer: Selling Overhead

19. Important goal of Financial Management is_____________.

Answer: Wealth Maximization

20. NABARD refinance financial institutions which are financing ______

Answer: Rural sector

21. Batch Casting is a type of?

Answer: Job Costing

22. Which of the following does not depreciate?

Answer: Land

23. A subsidy of Rs 80,000 from the government for working capital by a

manufacturing concern will come in__________.
Answer: Revenue Receipt
IFSCA Grade A Phase 1 Memory Based Questions FREE EBook

IFSCA Grade A Phase 1 Memory Based Questions

24. Staffing function involved in the process of choosing and appointing is

known as___________.
Answer: Selection

25. General donations and legacies are credited to_____________.

Answer: Income and Expenditure account

26. Skill to recognize opportunities & threats and selecting proper course
of action is known as_____________.
Answer: Diagnostic

27. A taxi service charges min Rs 120 and it charges Rs 15/km, this is
_____
Answer: Semi Variable Cost

28. A government company is any company in which the paid up capital

held by the government is not less than___________________.
Answer: 51%

29. Which of the following is not a Foreign Company?

Answer: ITC

30. Authority which manager possesses from its position is known as

______________.
Answer: Formal Authority

31. By product which does not have any realisable value, then its costing
is based on _____________
Answer: Borne by good units

32. Long term planning process is known as______________.

Answer: Strategic Planning

33. Opportunity cost is an example of________________.

Answer: Relevant

34. The head of HUF________________.

Answer: Karta

35 _______ environment refers to the nature and direction of the

economy in which companies compete.
Answer: Economic

36) interest on one's own income is _____________.

Answer: Notional Cost
IFSCA Grade A Phase 1 Memory Based Questions FREE EBook

IFSCA Grade A Phase 1 Memory Based Questions

37) Ratios of Net Income to No. of Equity Shares is known as

____________.
Answer: Earning per share

38 A role that provides leadership & direction is known as ____________.

Answer: A leader

39) Operating Leverage is calculated as _____________.

Answer: Contribution/EBIT

40) Data that is useful in decision making. The data is known as

____________.
Answer: Information

41) Statement related to leadership style.

Answer: Democratic Leadership Style

42) When material prices fluctuate widely the method of pricing that gives
the best result is___________.
Answer: Weighted Avg. method

43) Which of the following is the custodian of foreign exchange?

Answer: RBI

44) Financial position of business is ascertained on the basis

of_______________.
Answer: Balance Sheet

45) Commercial Paper issued as per the directions

of__________________.
Answer: RBI

46) Inventory is disclosed in the financial statement under

_____________.
Answer: Current asset

47) Working Capital Turnover measures relationship of Working Capital

with____________.
Answer: Working capital turnover ratio shows the relationship between
working capital and revenue from operations.

48) Who regulates LLP________________.

Answer: Ministry of Corporate Affairs

49) Nifty, Sensex calculated on the basis of__________________.

Answer: Free Float Capitalization
IFSCA Grade A Phase 1 Memory Based Questions FREE EBook

IFSCA Grade A Phase 1 Memory Based Questions

50) Power of Manager gains by forcing a lower rank employee to perform

a task is known as__________.
Answer: Coercive Power
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