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Latest POWERGRID Officer Trainee Finance Exam Question (Objective Questions), MCQ in English

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Professional Knowledge Test (PKT)

Question 1Single Answer
What Is The Shortcut Key For Calculator Area?
  1. A
    Ctrl+A
  2. B
    Ctrl+N
  3. C
    Ctrl+M
  4. D
    Ctrl+C
Question 2Single Answer
In case of indifference curve of two goods X and Y, as consumption of X increases :
  1. A
    MRSXY increases
  2. B
    MRSXY decreases
  3. C
    MRSXY remains the same
  4. D
    MRSXY increases but later on MRSXY decreases
Question 3Single Answer
General Economic equilibrium is NOT related to which one of the following problems ?
  1. A
    Uniqueness problem
  2. B
    Existence problem
  3. C
    Stability problem
  4. D
    Moral hazard problem
Question 4Single Answer
In the shoft-run production function, which on eof the following is CORRECT ?
  1. A
    Technology is assumed to change as labour input changes
  2. B
    Technology is assumed to change as capital stock changes
  3. C
    Technology is assumed to change positively until diminishing returns set in
  4. D
    Technology is assumedto be constant for a given production function relationship
Question 5Single Answer
As output expands, LAC curve falls. This is due to :
  1. A
    Law of variable proportions
  2. B
    Law of diminishing returns
  3. C
    Economies of scale
  4. D
    Diseconomies of scale
Question 6Single Answer
In a situtation of decision under uncertainty, if a consumer faces equal expected income from two alternatives, then she will take decision on the basis of :
  1. A
    Expected utility of both the alternatives
  2. B
    Probability of risk attached with each alternatives
  3. C
    Variation of risk attached with each alternatives
  4. D
    Mean of risk of each alternatives
Question 7Single Answer
What type of relationship the Phillips curve postulates between the rae of unemployment and the rate of increase of money wages ?
  1. A
    Inverse
  2. B
    Direct
  3. C
    Direct and proportional
  4. D
    Inverse and proportional
Question 8Single Answer
The concept of 'money illusion' was first given by whom ?
  1. A
    Milton Friedman
  2. B
    Irving Fisher
  3. C
    Robertson
  4. D
    J. M. Keynes
Question 9Single Answer
Which one of the following correctly describes the concept of 'Super Multiplier' ?
  1. A
    Investment multiplier
  2. B
    Money multiplier
  3. C
    Interaction between multiplier and accelerator
  4. D
    Employment multiplier
Question 10Single Answer
Given
I = 50 + 0.2Y
S = –150 + 0.4Y
G = 50
Where, I = Investment, S = Savings
G = Government Expenditure
Y = National Income
What is the equilibrium level of national income
  1. A
    2500
  2. B
    1250
  3. C
    250
  4. D
    1500
Question 11Single Answer
The independence of real variables from changes in money supply and nominal variables is called :
  1. A
    Keynesian dichotomy
  2. B
    Classical dichotomy
  3. C
    Money illusion
  4. D
    Money multiplier
Question 12Single Answer
Which of the following is the apex financial institution in India ?
  1. A
    Reserve Bank of India
  2. B
    Securities and Exchange Board of India
  3. C
    Insurance Regulatory and Development Authority of India
  4. D
    Pension Fund Regulatory and Development Authority of India
Question 13Single Answer
The Reserve Bank of India is responsible for :
  1. A
    Issuing currency notes
  2. B
    Regulating the banking sector
  3. C
    Maintaining the country's foreign exchange reserves
  4. D
    All of the above
Question 14Single Answer
The Securities and Exchange Board of India (SEBI) is responsible for ?
  1. A
    Regulating the securities market
  2. B
    Protecting the interests of investors
  3. C
    Promoting fair and transparent trading practices
  4. D
    All of the above
Question 15Single Answer
The Insurance Regulatory and Development Authority of India (IRDAI) is responsible for :
  1. A
    Regulating the insurance sector
  2. B
    Protecting the interests of policyholders
  3. C
    Promoting fair and transparent insurance practices
  4. D
    All of the above
Question 16Single Answer
The Pension Fund Regulatory and Development Authority of India (PFRDA) is responsible for :
  1. A
    Regulating the pension sector
  2. B
    Protecting the interests of pension subscribers
  3. C
    Promoting fair and transparent pension practices
  4. D
    All of the above
Question 17Single Answer
Which of the following is NOT a function of a financial regulatory body ?
  1. A
    Issuing licenses to financial institutions
  2. B
    Conducting inspections and audits of financial institutions
  3. C
    Investigating and prosecuting financial crimes
  4. D
    Managing the country's fiscal policy
Question 18Single Answer
Which of the following is an example of a regulatory measure that can be taken by a financial regulatory body ?
  1. A
    Raising or lowering interest rates
  2. B
    Setting limits on lending
  3. C
    Requiring financial institutions to disclose certain information
  4. D
    All of the above
Question 19Single Answer
What is the importance of financial regulation ?
  1. A
    To protect consumers
  2. B
    To promote financial stability
  3. C
    To ensure fair and transparent markets
  4. D
    All of the above
Question 20Single Answer
Which of the following is a challenge faced by financial regulators in India ?
  1. A
    The growing complexity of the financial system
  2. B
    The increasing use of technology
  3. C
    The globalization of financial markets
  4. D
    All of the above
Question 21Single Answer
What are the two main categories of taxes in India ?
  1. A
    Income tax and property tax
  2. B
    Direct taxes and indirect taxes
  3. C
    Central taxes and state taxes
  4. D
    Corporate tax and sales tax
Question 22Single Answer
Which of the following is an example of a direct tax in India ?
  1. A
    Goods and Services Tax (GST)
  2. B
    Value Added Tax (VAT)
  3. C
    Income Tax
  4. D
    Excise Duty
Question 23Single Answer
Which tax is imposed on the income earned by individuals and businesses in India ?
  1. A
    Sales Tax
  2. B
    Property Tax
  3. C
    Income Tax
  4. D
    Service Tax
Question 24Single Answer
What is the maximum rate of income tax for individuals and Hindu Undivided Families (HUFs) in India as of the knowledge cutoff date in 2021 ?
  1. A
    10 %
  2. B
    20 %
  3. C
    30 %
  4. D
    40 %
Question 25Single Answer
Which of the following taxes is considered an indirect tax in India ?
  1. A
    Property Tax
  2. B
    Goods and Services Tax (GST)
  3. C
    Income Tax
  4. D
    Wealth Tax
Question 26Single Answer
What can be done to improve financial regulation in India ?
  1. A
    Increase the resources available to financial regulators
  2. B
    Enhance coordination between different regulatory bodies
  3. C
    Strengthen the enforcement of financial regulations
  4. D
    All of the above
Question 27Single Answer
Under the GST regime in India, which entity is responsible for the collection of GST ?
  1. A
    State Governments
  2. B
    Central Government
  3. C
    Local Municipalities
  4. D
    Both Central and State Governments
Question 28Single Answer
The RBI Act, 1934 established the ?
  1. A
    Reserve Bank of India
  2. B
    Securities and Exchange Board of India
  3. C
    Insurance Regulatory and Development Authority of India
  4. D
    Pension Fund Regulatory and Development Authority of India
Question 29Single Answer
GST stands for :
  1. A
    Goods and Services Tax
  2. B
    General Sales Tax
  3. C
    Gross State Tax
  4. D
    Goods and Sales Tax
Question 30Single Answer
What is the main objective of the Goods and Services Tax (GST) in India ?
  1. A
    To increase the burden of taxation on businesses
  2. B
    To streamline and simplify the indirect tax system
  3. C
    To eliminate all forms of taxation
  4. D
    To reduce the rates of direct taxes
Question 31Single Answer
The SEBI Act, 1992 established the :
  1. A
    Securities and Exchange Board of India
  2. B
    Insurance Regulatory and Development Authority of India
  3. C
    Pension Fund Regulatory and Development Authority of India
  4. D
    Reserve Bank of India
Question 32Single Answer
Which body is responsible for recommending the distribution of tax revenues between the Central and State Governments in India ?
  1. A
    Ministry of Finance
  2. B
    Planning Commission
  3. C
    Finance Commission
  4. D
    Reserve Bank of India (RBI)
Question 33Single Answer
The IRDAI Act, 1999 established the :
  1. A
    Insurance Regulatory and Development Authority of India
  2. B
    Pension Fund Regulatory and Development Authority of India
  3. C
    Securities and Exchange Board of India
  4. D
    Reserve Bank of India
Question 34Single Answer
The PFRDA Act, 2011 established the :
  1. A
    Pension Fund Regulatory and Development Authority of India
  2. B
    Securities and Exchange Board of India
  3. C
    Insurance Regulatory and Development Authority of India
  4. D
    Reserve Bank of India
Question 35Single Answer
How often is the Finance Commission in India constituted to recommend the distribution of tax revenues ?
  1. A
    Every year
  2. B
    Every two years
  3. C
    Every three years
  4. D
    Every five years
Question 36Single Answer
Which of the following is NOT a member of the Financial Stability and Development Council ?
  1. A
    Reserve Bank of India
  2. B
    Securities and Exchange Board of India
  3. C
    Insurance Regulatory and Development Authority of India
  4. D
    Ministry of Finance
Question 37Single Answer
The Fiscal Policy of a country primarily deals with :
  1. A
    Tax evasion
  2. B
    Tax collection
  3. C
    Government spending and taxation
  4. D
    Monetary policy
Question 38Single Answer
The RBI has a Monetary Policy Committee (MPC) that sets interest rates in India. The MPC consists of how many members ?
  1. A
    4
  2. B
    6
  3. C
    8
  4. D
    10
Question 39Single Answer
What is the primary goal of fiscal policy in India ?
  1. A
    To maximize inflation
  2. B
    To minimize government spending
  3. C
    To achieve economic stability and growth
  4. D
    To reduce the fiscal deficit
Question 40Single Answer
SEBI has a board of directors that consists of how many members ?
  1. A
    9
  2. B
    11
  3. C
    13
  4. D
    15
Question 41Single Answer
What is the Fiscal Responsibility and Budget Management Act (FRBM) in India ?
  1. A
    A law that restricts individuals from borrowing money
  2. B
    A law that aims to reduce the fiscal deficit and promote fiscal discipline
  3. C
    A law that encourages excessive government spending
  4. D
    A law that abolishes all taxes
Question 42Single Answer
What is the fiscal deficit ?
  1. A
    The excess of government revenue over government expenditure
  2. B
    The excess of government expenditure over government revenue
  3. C
    The total government debt
  4. D
    The amount of money collected through taxes
Question 43Single Answer
IRDAI has a board of directors that consists of how many members ?
  1. A
    9
  2. B
    11
  3. C
    13
  4. D
    15
Question 44Single Answer
PFRDA has a board of directors that consists of how many members ?
  1. A
    9
  2. B
    11
  3. C
    13
  4. D
    15
Question 45Single Answer
Which of the following is considered a non - tax source of revenue for the Indian government ?
  1. A
    Income Tax
  2. B
    Goods and Services Tax (GST)
  3. C
    Dividend from Public Sector Undertakings (PSUs)
  4. D
    Value Added Tax (VAT)
Question 46Single Answer
Which section of the RBI Act, 1934, empowers the Reserve Bank of India to issue directions to banking companies for priority sector lending ?
  1. A
    Section 21
  2. B
    Section 35 A
  3. C
    Section 35 AA
  4. D
    Section 36 AD
Question 47Single Answer
Under the RBI Act, 1934, which section deals with the power of the Reserve Bank of India to regulate the flow of credit to particular areas or sectors ?
  1. A
    Section 21
  2. B
    Section 35 A
  3. C
    Section 35 AA
  4. D
    Section 36 AD
Question 48Single Answer
Which section of the Banking Regulation Act, 1949, deals with the prohibition on the employment of staff who have been convicted of an offense involving dishonesty or moral turpitude ?
  1. A
    Section 9
  2. B
    Section 10
  3. C
    Section 12
  4. D
    Section 12 A
Question 49Single Answer
Which section of the Banking Regulation Act, 1949, deals with the appointment of a banking ombudsman for the resolution of customer complaints ?
  1. A
    Section 21
  2. B
    Section 35 A
  3. C
    Section 35 AA
  4. D
    Section 36 AD
Question 50Single Answer
.... refers to the act or skill of controlling and making decisions about a business, team, organisation, etc.
  1. A
    Management
  2. B
    Organisation
  3. C
    Planning
  4. D
    None of these
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