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MCQs

Total Questions : 461 | Page 8 of 47 pages
Question 71. Which of these should be practiced when using a credit card?
  1.    Pay only the minimum balance since it is allowed
  2.    Throw away the receipt signed by you immediately after receiving from the cashier
  3.    Memories your PIN number and do not leave your PIN number in your wallet
  4.    Maintain as many cards as possible for convenience
 Discuss Question
Answer: Option C. -> Memories your PIN number and do not leave your PIN number in your wallet
Question 72. In India, the Chit funds are governed / regulated by ___.
  1.    RBI
  2.    Central Government
  3.    State Governments
  4.    Local Bodie
 Discuss Question
Answer: Option C. -> State Governments
Question 73. Which of the statement on Islamic banking is incorrect?
(A) Islamic banking is only for Muslims.
(B) Islamic banking activity do not allow paying and receiving of interest.
(C) Islamic banking promotes the principle of profit sharing between banking institution and depositor.
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Both B and C
 Discuss Question
Answer: Option A. -> Only A
Question 74. What is the role of the Credit Bureau?
(A) Blacklist borrowers with bad credit record.
(B) Collects credit information on borrowers and supplies the information back to lenders.
(C) Gives credit assessment of borrowers.
(D) Dictates credit decisions of financial institutions.
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Only D
 Discuss Question
Answer: Option B. -> Only B
Question 75. A joint account mandates both account holders to sign,it means that -
(A) Any deposit made must be signed by both parties.
(B) Any withdrawal made must be signed by both parties.
(C) Any deposit and withdrawal made must be signed by both parties.
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Both B and C
 Discuss Question
Answer: Option B. -> Only B
Question 76. Which of the following will not help you in reducing your budget deficit?
(A)Trimming of unnecessary expenses.
(B) Creating a spending plan and monitoring expenses.
(C)Borrow from friends to meet daily expenses.
(D)Taking a money management course.
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Only D
 Discuss Question
Answer: Option C. -> Only C
Question 77. Which one of the following was the purpose of the appointment of Rangachary committee?
(A)Taxation of software Development Centres & IT Sector.
(B)Taxation of Biotechnology and Pharmacy sector.
(C)Taxation of MSME sector.
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Both B and C
 Discuss Question
Answer: Option A. -> Only A
Question 78. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within ________.
  1.    30 Days
  2.    60 Days
  3.    75 Days
  4.    90 Days
 Discuss Question
Answer: Option C. -> 75 Days
Question 79. The difference between the outflow and inflow of foreign currency is known as ___
(A) Foreign Exchange Reserves
(B) Current Account Deficit
(C) Fiscal Deficit
(D) Balance of Payments
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Only D
 Discuss Question
Answer: Option B. -> Only B
Question 80. Which among the following schemes of the Government was launched with an objective of a slum free India?
(A) Indira Awas Yojana
(B) Rajiv Awas Yojana
(C) Ambedkar Awas Yojana
(D) Grahalaxmi Scheme
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Only D
 Discuss Question
Answer: Option B. -> Only B

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