Practice Financial Management Questions and Answers

• Which of the following is a type of life insurance policy that combines insurance coverage with investment? 1)Term life insurance 2)Whole life insurance 3)...
• Which of the following statements about the Insurance Regulatory and Development Authority of India (IRDAI) is/are correct? 1) It is a statutory body respo...
• Which of the following statements about the Pradhan Mantri Fasal Bima Yojana (PMFBY) is/are correct? 1) It is a crop insurance scheme launched by the Gover...
• Which of the following statements about Unit-Linked Insurance Plans (ULIPs) is/are correct? 1) ULIPs are a type of life insurance plan that combine insuran...
• Consider the following statements related to pension funds in India: 1) The National Pension System (NPS) is mandatory for all Indian citizens. 2) It is ma...
• Consider the following statements about the Employees' Provident Fund Organization (EPFO): 1) EPFO only manages the Employees' Provident Fund (EPF) scheme....
• Consider the following statements related to the Atal Pension Yojana (APY) in India: 1) APY is a social security scheme for the unorganized sector workers....
• Which of the following is/are true about the Employees' Provident Fund Organisation (EPFO) in India? 1)EPFO manages three schemes - the Employees' Providen...
• Which of the following is a feature of a defined contribution pension plan? 1) Guaranteed payout at retirement 2) Employee bears the investment risk 3) Con...
• Which of the following is not a characteristic of bullion? 1) It is traded on commodity exchanges. 2) It is typically bought and sold based on its weight a...
• Consider the following statements regarding the use of bullion: 1) Bullion can be used for investment purposes as a hedge against inflation. 2) Bullion can...
• Consider the following statements regarding the purity of bullion: 1) The purity of bullion is measured in carats. 2) The higher the carat value, the more ...
• With reference to the System for Assessment, Awareness, and Training for Hospitality Industry (SAATHI), consider the following statements: 1.    It was...
• Which of the following is a common method of buying bullion? 1) Purchasing bullion from a pawn shop. 2) Investing in a bullion-backed exchange-traded fund ...
• Consider the following statements regarding the World in the Medical Tourism Index: 1.    India is ranked 10th out of the top 46 countries in the World...
• Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
• Which among these is the most volatile Foreign Capital?
• With reference to Financial Year 2021-22, consider the following statements: 1.    China, UAE, US, Russia, and Saudi Arabia have a joint share of 40% of...
• Which Indian state is the GIFT City located in?
• With reference to the Account Aggregator (AA), consider the following statements: 1)    It is a Non-Banking Financial Company. 2)    It is engaged ...
• Which of the following is not one of the major infrastructure components of GIFT City?
• Consider the following statements regarding Central Bank Digital Currency (CBDC): 1)    RBI has launched pilots of CBDC in the Retail segments only. 2...
• Consider the following statements regarding the Neobanks: 1)    They are digital banks with multiple branches. 2)    Jupiter is an example of Neo B...
• Which of the following companies was the first to set up a branch in GIFT City's International Financial Services Centre (IFSC)?
• Consider the following statements: 1.    The World Investment Report is released by the World Economic Forum. 2.    India is the third largest reci...
• What is "Flipping" in the context of entrepreneurship?
• Consider the following statements. 1)    The IFSCA Act empowers the IFSCA to make regulations for the development of financial services in IFSCs. 2)  ...
• Which of the following is true about Neo banking in India?   Statement 1: Neo banks are digital-only banks that operate exclusively through mobile apps ...
• What is the "Indian Banks' Association (IBA)"?
• What is the "Financial Inclusion and Development Department (FIDD)" of the Reserve Bank of India (RBI)?  
• What is the purpose of the Negotiable Instruments Act, 1881?  
• According to the Union Budget 2023-24, consider the following statements. 1. ‘Mangrove Initiative for Shoreline Habitats & Tangible Incomes’, MISHTI, ...
• Which of the following statements is/are correct regarding Derivatives in India? 1)    Derivatives are financial instruments that derive their value fr...
• Which of the following is/are true about the Sub-Prime Crisis? 1) It is a mortgage crisis referring to credit default by the borrowers. 2) Subprime borro...
• According to Union Budget 2023-24, consider the following statements regarding indirect taxation changes made for green mobility: 1. Exemption of excise du...
• According  to  Union  Budget  2023-24,  consider  the  following  statements  regarding Electronics sectors: 1. Mobile phone production in India ...
• According to Union Budget 2023-24, consider the following statements regarding the Marine sector: 1. Marine products recorded the highest export growth 2...
• According to Union Budget 2023-24, consider the following statements regarding Metal Industry: 1. Exemption from Basic Customs Duty on raw materials for S...
• According to Union Budget 2023-24, consider the following statements regarding Income Tax: 1. Average processing period reduced from 93 days in financial ...
• Which of the following statements is/are correct regarding National Stock Exchange (NSE) in India? 1)    NSE was established in 1992. 2)    NSE has...