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Q1. What is the Gross National Product?

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1. The total value of Good and services manufactured
in the country.
2. The total value of all the transactions in the
country.
3. Reduction in the total value of goods and services
produced in the country.
4. The total worth of goods and services generated in
the country and net factor income from abroad.
Q1. The relation that the law of demand defines is.
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A) Income and price of a commodity.
B) Price and quantity of a commodity.
C) Income and quantity demanded.
D) Quantity demanded and quantity supplied.
Q1. Which of the options is an example of business liability?
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A) Creditors
B) Cash
C) Building
D) Land
Q1. In India farm credit is regulated by

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A)SBI
B) RBI
C) NABARD
D) Union Government
 What amount of financial assistance will be granted to the
Q1.
pregnant women who undergo institutional delivery under
Maternity Benefit Scheme as per Budget 2017?
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A)Rs. 2000
B)Rs.4000
C)Rs.6000
D)Rs.8000
 How much amount will be provided by NITI Aayog to every
Q1. district to encourage digital payment system?

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A) Rs 1 lakh
B) Rs 2 lakh
C) Rs 5 lakh
D) Rs 1O lakh
Q1. The expansion of EAR is?
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A)Equivalent annual rate

B) Equivalent annuity rate
C) Equally applied rate
D) Equal advance rate
Q1. The long-run objective of financial management is to
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A)Maximize earnings per share.

B)Maximize the value of the firm's common stock.
C)Maximize return on investment.
D)Maximize market share.
 The Cabinet Committee on Investments has been set-up to
Q1. address which of the following___?

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A) To submit a report on the hurdles creating bottle-

necks on the economy.
B) To boost big ticket investments and untangle red-
tapism.
C) To fast track disinvestment in PSUs.
D) To attract foreign investment into India to attract
foreign investment into India.
 The market price of a share of common stock is
Q1. determined by:

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A)The board of directors of the firm.

B)The stock exchange on which the stock is listed.
C)The president of the company.
D)Individuals buying and selling the stock.
 Why the Indirect taxes are termed regressive taxing
Q1. mechanisms?

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A)They are charged at higher rates than direct taxes.

 B)They are charged the same for all income groups.
 C)They are not charged the same for all income
groups.
D)None of the above.
 Currently, which among the following products is facing
Q1. imports ban from China?

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A)Milk and Milk products

B) Rice
C) Telecom equipment
D) Telecom equipment
Q1. Which of the following are functions of foreign bank?
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A) remitting money from one country to another.
B) discounting of foreign bills.
C) buying and selling of metals.
D) All of the above.
Q1. What does the M in M-banking stands for?
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A)Money
B) Marginal
C) Message
D) Mobile
Q1. Section 14 of banking regulations act 1949 deals with:-
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A)prohibition of a banking company form creating a

charge upon an unpaid capital of the company.
B) system of licensing of banks by RBI.
C) regarding holidays of the bank.
D) none of the above.
Q1. As per which act, holidays are provided in the banks?
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A) RBI act.
B) Banking regulation act.
C) As per orders of govt.
D) Banking nationalization act.
 The Mayaram panel was constituted to look into which one
Q1. of the following areas?

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A) FDI limits in multi brand retail.

B) FDI limits across various sectors.
C) FII limits in stock market investment.
D) None of the above.
 What is the least average daily per capita expenditure
Q1. (DPCE) for village and cities respectively as per the latest
data released by the National Sample Survey Office?
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A) Rs.17 and Rs.23

B) Rs.21 and Rs.25
C) Rs.15 and Rs.21
D) None of the above
Q1. World investment report is published by?
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A) UNDP
B) World bank
C) IMF
D) UNCTAD
Q1.  Which of the following schemes are not meant for
investment purposes?

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A) national saving certificate

B) mutual funds
C) infrastructure bonds
D) letter of credit
 What was the purpose of setting up Narasimham
Q1. committee-2?

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A. efficiency and productivity of financial institution.

B. banking reform process.
C. export of it sector.
D. fiscal reform process.
Q1. Upper limit on investment in KisanVikasPatra (KVP)is ___
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A) Rs. 5000
B) Rs. 10000
C) Rs. 50000
D) No upper limit
Q1. Slogan of Reserve Bank of India is _________.
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A) India's central bank ….

B) World wise
C) Honors your trust
D) Invest with confidence
Q1. Which of the following is a type of bank account?
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A) Savings
B) Recurring
C) Fixed
D) All of the above.
 According to residual dividend policy, a firm should pay a
Q1. dividend of all left over when

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A) zero NPV projects have been funded.

B) positive NPV projects have been funded.
C) projects with IRR equal to risk-free interest rate
have been funded.
D) projects with IRR greater than risk-free interest
rate have been funded.
Q1. Which Five-year Plan is being implemented at present?
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A) Eleventh
B) Eighth
C) Ninth
D) Twelfth
Q1. Who was the first chairman of the Planning Commission?
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A) Dr. S. Radhakrishnan
B) Jawaharlal Nehru
C) Dr. Rajendra Prasad
D) Dr. M. Vishveshwaraya
 Which of the following programs aims at the promotion of
Q1. savings among rural women?

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A) Rashtriya Mahila Kosh

B) Mahila Samriddhi Yojna
C) Indira Mahila Yojna
D) Javhar Rozgar Yojna
 When was the Imperial Bank of India nationalized to form
Q1. the State Bank of India?

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A) 1947
B) 1949
C) 1951
D) 1955
 Government aims to gradually increase the public health
Q1. expenditure to what percent of Gross Domestic Product by
2025?
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A)1.5%
B)3.5%
C)4.5%
D)2.5%
 A loan to pay for a home, business or other real estate
Q1. over a period of time is a _______.

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A) Credit
B) Deposit
C) Mortgage
D) Bankruptcy
  What is the type of cheque which is presented for
Q1. payment after 3 months from the date of the cheque?

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A) Stale Cheque
B) Post-Dated Cheque
C) Ante-Dated Cheque
D) Order Cheque
Q1. The concept of Financial management is.
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A) Profit maximization.
B) All features of obtaining and using financial
resources for company operations.
C) Organization of funds.
D) Effective Management of every company.
Q1. GST is a consumption of goods and service tax based on.
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A) Development
B) Dividend
C) Destiny
D) Destination
Q1. The finance manager is accountable for
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A) Earning capital assets of the company.

B) Effective management of a fund.
C) Arrangement of financial resources.
D) Proper utilization of funds.
Q1. CAPM stands for.
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A) Capital asset pricing model.

B) Capital amount printing model.
C) Capital amount pricing model.
D) Capital asset printing model.
Q1. What kind of expenses are paid from Gross Profit?
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A) Selling Expenses
B) Financial Expenses
C) General Expenses
D) All of the above
 The unfavorable balance of Profit and Loss account should
Q1. be

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A) Subtracted from liabilities
B) Subtracted from capital
C) Subtracted from current assets
D) Added in liabilities
Q1. What do you mean by a mixed economy?
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A)Modern and traditional industries

B) Public and private sectors
C) Foreign and domestic investments
D) Commercial and subsistence farming
Q1. What do you mean by demand of a commodity?
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A)A desire for the commodity.
B) Need for the commodity.
C) Quantity demanded of that commodity.
D) Quantity of the commodity demanded at a
certain price during any particular period of time.
Q1. “Capitalism” refers to?
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A)The use of market
B) Government ownership of capital
C) Private ownership of capital goods
D) Private ownership of homes & cars
Q1. Funds Flow Statement is also known as
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A)Statement of Funds Flow.

B)Statement of Sources and Application of Funds.
C)Statement of Sources and Uses of Funds.
D)All of the above.
 Statement of changes in working capital is prepared
Q1. separately in

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A) Cash Flow Statement

B)Funds Flow Statement
C) Both a and b
D) None of the above
Q1. Marginal costing is also known as
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A)Direct costing
B) Variable costing
C)Both a and b
D) None of the above
Q1. Which of the following is not a cash inflow?
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A)Decrease in debtors
B) Issue of shares
C)Decrease in creditors
D) Sale of fixed assets
Q1. Contribution and profit both are same concepts.
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A)True
B) False
Q1. Time value of money indicates that
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A)A unit of money obtained today is worth more than
a unit of money obtained in future.
B) A unit of money obtained today is worth less than
a unit of money obtained in future.
C)There is no difference in the value of money
obtained today and tomorrow.
D) None of the above.
 The statement of financial position and the balance sheet
Q1. are synonyms.

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A)True
B) False
Q1. Who coined the concept of management accounting?
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A)R.N Anthony
B)James H. Bliss
C)J. Batty
D)American Accounting Association
 The Goods and Services Tax Network has decided to make
Q1. Aadhaar authentication or physical verification mandatory for new
dealers from?

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A)Jan-22
 B)Jan-21
C)Jan-20
 D)Jan-19
 Mastercard Incorporated is an ____ multinational financial
Q1. services corporation.

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A) German
B) Chinese
C) American
D) Russian
 According to the interim Budget 2019 speech, The Union
Q1. government has decided to set up Rashtriya Kamdhenu
Aayog for the welfare of--------
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A) Tiger
B) Cow
C) Bear
D)Bird
 The Union government has extended the Credit Link Subsidy Scheme
Q1.
(CLSS) on home loans for the Middle-Income Group under the Pradhan
Mantri Awas Yojana (Urban) till-----

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A) Oct-19
  B) Mar-21
  C)Dec-20
 D)Jan-21
 What amount of grant has PM Modi announced for
Q1. community development projects in the grouping of
Caribbean Nations?
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A) USD 12 million
B) USD 13 million
 C)  USD 14 million
D)  USD 15 million
 Which district court has become the first in India to accept
Q1. e-payments?   

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A) Pune
B) Bhopal
C) Delhi
D) Lucknow
 Who has been appointed as the 1st chairman of the
Q1. International Financial Services Centre Authority for a 3
years term?
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A)Injeti Srinivas
B)Sumanta Chaudhury
C)Anant Narayan Nanda
D)Arun Goel
 The Cabinet has also approved a scheme for interest subvention of how
Q1.
much percent for a period of 12 months to all Shishu loan accounts under
Pradhan Mantri Mudra Yojana to eligible borrowers?

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A)4%
B)3%
C)2%
D)1%
 When the price of a bond is above the face value, the bond is said to
Q1. be

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A)Trading at par
B)Trading at a premium
C)Trading at a discount
D)Trading below par
Q1. Investment is the _______________.
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A.Net additions made to the nation’s capital stocks.
B. Person’s commitment to buy a flat or house.
C. Employment of funds on assets to earn returns.
D.Employment of funds on goods and services that
are used in production process.
Q1. In which year was APEDA created?
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A) 1986
B) 1991
C) 1984
D) 1999
Q1.
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