Questions

Q:

Which of following is true if the Government monetized part of its deficit?

A) Money supply in the economy will increase. B) Interest rate will increase.
C) Government revenue will decrease. D) Government expenditure will increase.
 
Answer & Explanation Answer: A) Money supply in the economy will increase.

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Q:

Management accountants would not

A) prepare reports primarily for external users. B) be concerned with the impact of cost and volume on profits
C) assist in budget planning. D) determine cost behavior.
 
Answer & Explanation Answer: A) prepare reports primarily for external users.

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Q:

Sambalpur is located in 

A) Odisha B) Uttarachand
C) Bihar D) West Bengal
 
Answer & Explanation Answer: A) Odisha

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Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Q:

Buying and Selling products are examples of

A) investing activities. B) operating activities.
C) delivering activities. D) financing activities.
 
Answer & Explanation Answer: B) operating activities.

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Q:

Find the odd words / letters / numbers from the given alternatives .

A) 6 B) 24
C) 64 D) 120
 
Answer & Explanation Answer: C) 64

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Q:

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY 2015-16)?

A) Rs. 2.5 lakhs B) Rs. 3 lakhs
C) Rs. 1.5 lakhs D) Rs. 4 lakhs
 
Answer & Explanation Answer: A) Rs. 2.5 lakhs

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Q:

In April 2017, on the birth anniversary of Dr. B. R. Ambedkar which body announced the winners of Lucky Draw Schemes like ‘Lucky Grahak Yojana’ and ‘Digi-Dhan Vyapar Yojana’?

 

A) Reserve Bank of India B) State Bank of India
C) National Payments Corporation of India D) No option is correct
 
Answer & Explanation Answer: C) National Payments Corporation of India

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