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 Indian Economy Questions

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Q:

As per Economic survey 2017-18, the percentage contribution of the services sector to India's GDP will be in the range of

A) Between 40-50% B) Greater than 50%
C) Less than 30% D) Between 30-40%
 
Answer & Explanation Answer: B) Greater than 50%

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Exam Prep: Bank Exams

0 908
Q:

___________________________ is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India.

A) Provident Fund B) Life Insurance Policies
C) National Saving Certificate D) Long term government bonds
 
Answer & Explanation Answer: C) National Saving Certificate

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Exam Prep: Bank Exams

0 907
Q:

Expenses are recognized when

A) they are paid. B) they contribute to the production of revenue.
C) the invoice is received. D) they are billed by the supplier.
 
Answer & Explanation Answer: B) they contribute to the production of revenue.

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Exam Prep: Bank Exams , CAT

0 906
Q:

In which of the following is true for instruments of Monetary Policy?

A) Open market operations B) Bank rate policy
C) Selective credit controls D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

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Exam Prep: Bank Exams

0 904
Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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Exam Prep: Bank Exams

0 903
Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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Exam Prep: Bank Exams

0 902
Q:

Urbanization and unsustainable development in India raised several environmental concerns but NOT one among the following.

A) Deforestation B) Soil degradation
C) Depletion of natural resources D) Erratic monsoon
 
Answer & Explanation Answer: D) Erratic monsoon

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Exam Prep: Bank Exams

1 902
Q:

Government borrowing to finance budget deficits _____.

A) will exert downward pressure on interest rates B) will have no effect on interest rates
C) will increase supply of loanable funds D) will put upward pressure on interest rates
 
Answer & Explanation Answer: D) will put upward pressure on interest rates

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Exam Prep: Bank Exams

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