Financial Questions and Answers

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Q41
The present World Economic Depression first of all, started from which country ?
  • A U.S.A.
  • B U.K.
  • C France
  • D India
Answer: Option A
Q42
Which, institution is known as the ‘Soft Loan Window’ of World Bank ?
  • A I.F.C. (International Financial Corporation)
  • B I.D.A. (International Development Association)
  • C I.M.F. (International Monetary Fund)
  • D Indian Development Forum
Answer: Option B
Q43
Which is not a insurable risk ?
  • A Accident Risk
  • B Loss of Crops Risk
  • C The Risk of Trading in New Market
  • D The Risk of Sinking of a Ship
Answer: Option C
Q44
The Life Insurance in India was nationalised in the year-
  • A 1870
  • B 1956
  • C 1960
  • D 1966
Answer: Option B
Q45
Fire Insurance is based on the principle of-
  • A Utmost Good faith
  • B Insurable Interest
  • C Indemnity
  • D Cooperation
Answer: Option C
Q46
In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called-
  • A Reinsurance
  • B Double Insurance
  • C Joint Insurance Policy
  • D Separate Insurance
Answer: Option A
Q47
Contents of Marine Insurance include-
  • A Insurance of Cargo only
  • B Insurance of Freight only
  • C Insurance of Hull only
  • D Insurance of Cargo, Freight & Hull
Answer: Option D
Q48
The object of ‘Agenda’ is to inform-
  • A About the profitability and activity
  • B About the progress of company
  • C About the matter in sequence to be discussed in the meeting
  • D About the routine matters
Answer: Option C
Q49
The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-
  • A Common Dollar Accounting
  • B Social Accounting
  • C Cost Accounting
  • D Management Accounting
Answer: Option D
Q50
Final accounts prepared in narrative style are in-
  • A Horizontal form
  • B Accounts form
  • C Vertical form
  • D None of the above
Answer: Option C

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