Practice Financial Management Questions and Answers

• 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...
• Which of the following statements about stock markets is/are correct? 1)    Stock markets provide a platform for companies to raise funds through the s...
• Which of the following statements about health insurance in India is/are correct? 1) The Ayushman Bharat Yojana is a health insurance scheme for families ...
• Which of the following statements about life insurance in India is/are incorrect? 1) The Life Insurance Corporation of India (LIC) was established in 1956...
• Which of the following is true regarding insurance in India? 1)    The Insurance Act, 1938 regulates the insurance sector in India. 2)    The Life ...
• Which of the following is true regarding the Motor Vehicles Act, 1988? 1)    The act mandates that all motor vehicles in India must have third-party in...
• Which of the following financial services are regulated by the IFSCA?
• Which of the following statements is true about pension funds? 1)    Pension funds are managed by the government and are only available to government e...
• Which of the following is NOT a type of pension fund? 1) Defined benefit plan 2) Defined contribution plan 3) State-sponsored retirement scheme 4) Mone...
• Which of the following is a type of pension plan where the employer agrees to pay a specified benefit to the employee upon retirement, based on a set formu...
• Consider the following statements regarding the history of bullion: 1) The use of bullion dates back to ancient civilizations such as the Egyptians and th...
• Which of the following factors does not affect the price of bullion? 1)    Supply and demand. 2)    Economic and political conditions. 3)    Th...
• Consider the following statements regarding the storage of bullion: 1)    Bullion should be only stored in a bank vault for maximum security. 2)   ...
• Which of the following types of companies are not permitted to set up operations in GIFT City's IFSC?
• Consider the following statements with reference to GIFT City: 1)    GIFT City is a Special Economic Zone (SEZ) located in the state of Gujarat, India....
• Which of the following financial services are offered by GIFT City? 1)    Banking 2)    Insurance 3)    Asset Management 4)    Stock Tradin...
• Which of the following organizations is responsible for the development and management of GIFT City? 1)    Securities and Exchange Board of India (SEBI...
• Which of the following statements is/are correct about the city of Singapore as a global financial center? 1) Singapore is the world's largest center for ...
• Which of the following statements is/are correct about the city of Shanghai as a global financial center? 1) Shanghai has the highest number of billionair...
• Which of the following correctly defines the term ‘monopsony’?
• Which of the following committees recommended the introduction of the Banking Regulation (Amendment) Bill, 2020 in the Indian Parliament?
• Which of the following is not a requirement for an entity to be eligible to set up a payment bank in India?
• Which of the following is/are characteristics of a Public good?  1)Non-excludability 2)Non rival Consumption 3)Non rejectable Select the correct answer us...
• According to Union Budget 2023-24, consider the following statements regarding MSMEs: 1. Medium enterprises with turnover up to Rs 2 crore and certain prof...
• According to the Union  Budget  2023-24,  consider  the  following  statements  regarding Cooperation:  1. New co-operatives that commence manufact...
• According to Union Budget 2023-24, consider the following statements regarding the rationalization of Direct Tax:  1. Removing  the minimum threshold of ...