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Friends, due to shortage of time, I am updating the re-collected questions from May 2023 posted by our group members. Let me update this page with the answer as and when I get time. Till then you all can go through the book/internet and update yourselves. Wish you all the very best for your exam.
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1. On which day the Union Budget is presented in India?
a) 31st March every year
b) 1st February every year*
c) 1st working day of february
d) last day of february of every year
2. Maximum sum insured under PMJJBY ......
a) 100000
b) 200000*
c) 300000
d) 500000
3. Factors of production are ......
a) land, labour, capital and entrepreneur*
b) land, labour and capital
c) land labour capital and equity
d) land labour and equity
4. Based on the recommendations of the Narasimham Committee -I, the government implemented the following measures:
i. Lowering SLR and CRR:
ii. Prudential Norms:
iii. Deregulation ofInterest Rates:
iv. Freedom ofOperation:
v. Competition from New Private Sector Banks
a) i, ii, iii, and iv only
b) i, iii, iv, v only
c) i, and iii only
d) all of the above*
5. Rebate in Income tax for Health Insurance comes under
a) 80 C
b) 80CC
c) 80D
d) 80G
6. Which is not a member of Asian Clearing Union–
a) Iran*
b) Bangladesh
c) Myanmar
d) Indonesia
7. A company needs a machine but instead of buying it, the company decides to take it on lease basis then, the C/D ratio will
a) increase
b) decrease
c) no effect
d) none
8. Which one is not a type of FDI -
a) BROWNFIELD FDI
b) GREENFIELD FDI
c) Joint Ventures
d) none of the above*
9. A company is having stock of Rs. 50 lakh and on 01.01.2022 it has taken stock insurance for 40 Lakh as only the same was available with the insurance co. On 01.01.2022 fire break out and all stock was burnt, the company had claimed for Rs 40L as it was the max amount to claim. How much claim will be sanctioned to the company-
a) 40 lakh
b) 35 Lakh
c) 36 Lakh
d) not sufficient information to answer*
10. A customer bought 100 shares of RIL for 1800 each in dec 2020 and the company charged 100 premium at present 2022, the price of share is 2115 cal profit or loss
a) profit of Rs 34900*
b) profit of 34900
c) loss of 35000
d) none of the above
11. Characteristics of the Forex market ......
i. Liquidity
ii.Promptness
iii.Availability
iv. Fixed-value transactions
a) i and ii only
b) i, ii and iii only*
c) i, ii, iii, iv
d) i and iii only
12. Trueasury bills tenor -
a) 91days *
b) 181 days
c) 90 days
d) All of the above
13. Paid up capital of RBI is RS.
a) 5 Crore*
b) 500 Crore
c) 1000 crore
d) none of the above
14. As per sec 24 of rbi act, max how much amount of currency note can be printed by RBI
a) 2000
b) 10000*
c) 50000
d) no upper limit
15. The vehicle insurance taken by a customer so as to cover the expenses for the other person is called –
a) third party insurance*
b) IDV
c) Comprehensive insurance
d) Life insurance
16. New India @75 has 4 components one of which is driver, which are the key recommendations in driver section-
i.To raise the export ofgoods and services
ii. Continued exit ofthe government from non-strategic public sector units
iii. Promoting “Zero Budget Natural Fanning” techniques
iv. Replacing the Commission on Agricultural Costs and Prices (CACP) by an agriculture tribunal.
Ans - all of the above
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