General Knowledge

Finance Knowledge Quiz

finance online quiz

Online Practice Finance Questions / Answers

Financial Knowledge Test

Question 1
Which of the following terms is NOT used in finance industry?

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A
Treasury Bill
B
Plasma
C
Public Debt
D
Joint Venture
Question 2
Which one one of the following is not a quantitative credit con­trol techniques?
A
Bank Rate
B
Increase of interest rate on saving deposit
C
Cash Reserve Ratio
D
Statutory Liquidity Ratio
Question 3
What is the full form of FATCA?
A
Forex Account Tax Compliance Act
B
Forex Account Total Compliance Act
C
Foreign Account Total Compliance Act
D
Foreign Account Tax Compliance Act
Question 4
In PAN Card, If the fourth letter is G, then it denotes
A
Firm
B
Government
C
General
D
Company
Question 5
What is the full form of the term NAV n context of “Equity Scheme”?
A
Net Accounting Venture
B
Nil Accounting Variation
C
Net Asset Value
D
New Asset Venture
Question 6
Which of the following organizations issue the rules of global trade?

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A
Foreign Exchange Dealers’ Association
B
Directorate General and Foreign Trade
C
World Trade Organisation
D
World Bank
Question 7
What "Trade Gap" means?

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A
Gap between budgeted revenue collection and actual collection of the same
B
Gap between available liquidity and expected demand in next five months
C
Gap between total GDP and total consumption
D
Gap between total imports and total exports
Question 8
What is Gross Domestic Product ?

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A
It is the cost of production of all final goods and services made in the country
B
It is the market value of all final goods and services made in the country
C
It is the cost of services made within the borders of a country in a year
D
It is the market value of all final goods and services made within the borders of a country in a year
Question 9
What does the letter ‘M’ depict in the term SME as used in the financial world ?
A
Mercantile
B
Medium
C
Maximum
D
Ministry
Question 10
The excess of price a person is to pay rather than forego the consumption of the commodity is called—
A
Producers’ surplus
B
Consumers’ surplus
C
Price
D
Profit
Question 11
The availability of cash and other cash-like marketable instruments that are useful in purchases and investments are commonly known as
A
Cash crunch
B
Credit
C
Marketability
D
Liquidity
Question 12
Surplus earned by a factor other than land in the short period is referred to as—
A
Super-normal rent
B
Quasi-rent
C
Net rent
D
Economic rent
Question 13
What type of book are accounts usually written in?
A
Biography
B
Ledger
C
Encyclopedia
D
Lexicon
Question 14
Gross Domestic Product is defined as the value of all ___
A
Final goods produced in an economy in a year.
B
Final goods and services pro-duced in an economy every year.
C
Goods produced in an econo-my in a year.
D
Goods and Services produced in an economy in a year.
Question 15
What is a 'limited company' ?
A
In which shareholders possess the ownership limited to their paid up capital
B
A company of Government ownership
C
In which shares are issued
D
A Registered company
Question 16
Which of the following is/are the objective(s) of Free Trade Agreement, India has done with many countries ? 1. To provide support to entrepreneurs for setting up new projects in tiny/SSI sector. 2. For undertaking expansion of business. 3. To support technology up-gradation.
A
All 1,2 and 3
B
All 1,2 and 3
C
Only 1 and 2
D
Only 2 and 3
Question 17
What is a cross Border Exchange ?

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A
Trading in foreign currency in India
B
Trading in Indian rupee in exchange of other currencies/ goods
C
Hawala transactions in Indian Rupee
D
Unauthorized remittance of Indian Rupee
Question 18
What is "Dow Jones" ?
A
Share Market Index of New York Stock Exchange
B
Share Market Index of Bombay Stock Exchange
C
Share Market Index of USA
D
Gold Price Index of World Gold Council
Question 19
Full convertibility of a rupee means
A
Repayment of imports in terms of rupees
B
Payment for imports in terms of rupees.
C
Purchase of foreign exchange for rupee freely.
D
Determination of rate of ex-change between rupee and foreign currencies freely by the market forces of demand and supply
Question 20
The headquarters of RBI is in __

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A
Delhi
B
Mumbai
C
Bngalore
D
Kolkata
Question 21
Opportunity cost of production of a commodity is—
A
The cost that the firm could have incurred when a different technique was adopted
B
The actual cost incurred
C
The next best alternative output sacrificed
D
The cost that the firm could have incurred under a different method of production
Question 22
The per capita income in India is estimated by:
A
RBI
B
Central Statistical Organisation
C
Central Bank
D
Census Commission
Question 23
Compared to the rich the poor save

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A
a smaller part of their income
B
a large part of their income
C
an equal part of their income
D
all of their incomes
Question 24
What is ‘financial inclusion’ ? 1. Easy access to bank accounts for safe parking of savings 2. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneurs 3. Availability of basic financial products like insurance
A
Only 2
B
Only 3
C
Only 1
D
Both 1 and 2
Question 25
Which of the following refers to financial services conducted among banks and fi­nancial services companies?
A
Retail banking
B
Wholesale banking
C
Commercial banking
D
Merchant banking
Question 26
Indian Planning Commission was constituted in ___
A
1949
B
1950
C
1948
D
1951
Question 27
National Income estimates in India is prepared by—
A
Central Statistical Organisation
B
RBI
C
Finance Ministry
D
Planning Commission
There are 27 questions to complete.
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Vishal Arora

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  • Question 13 answers A and C are the same, yet selection of answer A is incorrect. Please check.