Here you can download CMAT 2022 – important Finance GK Questions PDF by Cracku. Very Important Finance GK Questions for CMAT 2022 based on asked questions in previous exam papers. These questions will help your CMAT preparation. So kindly download the PDF for reference and do more practice.<\/p>\n
Download Finance GK Questions for CMAT<\/a><\/p>\n Enroll to CMAT crash course<\/a><\/p>\n Take CMAT mock tests here<\/a><\/p>\n Download CMAT previous papers PDF<\/a><\/p>\n Question 1:\u00a0<\/b>Which of the following was not the reason for the recent slide of Indian Rupee<\/p>\n a)\u00a0Huge trade Deficit<\/p>\n b)\u00a0Low Growth and High Inflation<\/p>\n c)\u00a0Low Capital Inflow<\/p>\n d)\u00a0Burgeoning current account deficit<\/p>\n e)\u00a0High employment rate<\/p>\n Question 2:\u00a0<\/b>Pick the right match from the following combinations<\/p>\n a)\u00a0Shenzhen – China, NSE – India, SGX – Singapore, DAX – Germany<\/p>\n b)\u00a0NASDAQ – U.S., MCX – India, SGX – Korea, FTSE – France<\/p>\n c)\u00a0NYSE – U.S., BSE – India, FTSE – England, DAX – Denmark<\/p>\n d)\u00a0NASDAQ – Canada, BSE – India, FTSE – France, DAX – Germany<\/p>\n e)\u00a0Shenzhen – Singapore, Shanghai – China, FTSE – France, BSE – India<\/p>\n Question 3:\u00a0<\/b>Read the following a)\u00a0Statements I and II<\/p>\n b)\u00a0Statements II and III<\/p>\n c)\u00a0Statements I and III<\/p>\n d)\u00a0All of the above<\/p>\n e)\u00a0None of the above<\/p>\n Question 4:\u00a0<\/b>The factor that least influences exchange rate fluctuations:<\/p>\n a)\u00a0Industrial Production<\/p>\n b)\u00a0Investor sentiments<\/p>\n c)\u00a0Interest Rates<\/p>\n d)\u00a0Consumer Price Index<\/p>\n e)\u00a0Goods and Service Tax<\/p>\n Question 5:\u00a0<\/b>What is the full form of “NBFC” as used in the Financial Sector ?<\/p>\n a)\u00a0New Banking Finance Company<\/p>\n b)\u00a0National Banking & Finance Corporation<\/p>\n c)\u00a0New Business Finance & Credit<\/p>\n d)\u00a0Non Business Fund Company<\/p>\n e)\u00a0None of these<\/p>\n Get 5 CMAT mocks at just Rs.299<\/a><\/p>\n Question 6:\u00a0<\/b>What is the rate of Income Tax for incomes above Rs 1.6 lakh upto Rs 5 lakh?<\/p>\n a)\u00a010%<\/p>\n b)\u00a012%<\/p>\n c)\u00a015%<\/p>\n d)\u00a020%<\/p>\n e)\u00a0None of these<\/p>\n Question 7:\u00a0<\/b>What is the reduction in Service Charges on e-tickets?<\/p>\n a)\u00a0Sleeper Class Rs. 20 & AC Class Rs. 25<\/p>\n b)\u00a0Sleeper Class Rs. 20 & AC Class Rs. 20<\/p>\n c)\u00a0Sleeper Class Rs. 30 & AC Class Rs. 20<\/p>\n d)\u00a0Sleeper Class Rs. 20 & AC Class Rs. 30<\/p>\n e)\u00a0None of these<\/p>\n Question 8:\u00a0<\/b>Market price is also known as<\/p>\n a)\u00a0List price<\/p>\n b)\u00a0Value price<\/p>\n c)\u00a0effective price<\/p>\n d)\u00a0retail price<\/p>\n e)\u00a0wholesaler price<\/p>\n Question 9:\u00a0<\/b>Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. Commercial paper can be used in denomina-tions of<\/p>\n a)\u00a0one lakh or multiples thereof<\/p>\n b)\u00a0two lakh or multiples thereof<\/p>\n c)\u00a0three lakh or multiples thereof<\/p>\n d)\u00a0five lakh or multiples thereof<\/p>\n e)\u00a0ten lakh or multiples thereof<\/p>\n Question 10:\u00a0<\/b>Government usually classifies its expenditure in term of planned and non-planned expenditure, Identify, which is the correct definition of planned expenditure?<\/p>\n a)\u00a0It represents the expenditure of all the State Governments<\/p>\n b)\u00a0It represents the total expenditure of the Central Government<\/p>\n c)\u00a0It is the expenditure which is spent through centrally sponsored programmes and flagship schemes of Government<\/p>\n d)\u00a0It represents the expenditure incurred on Defence<\/p>\n e)\u00a0Other than those given as options<\/p>\n Download CMAT Previous Papers PDF<\/a><\/p>\n Question 11:\u00a0<\/b>Many times we read about SHGs in financial newspapers. What is the full form of the term?<\/p>\n a)\u00a0Small Help Groups<\/p>\n b)\u00a0Self Help Groups<\/p>\n c)\u00a0Small Hope in Growths<\/p>\n d)\u00a0Self Hope Groups<\/p>\n e)\u00a0None of these<\/p>\n Question 12:\u00a0<\/b>Which of the following agencies \/ organizations in India maintains the Micro Finance Development and Equity Fund which was in news recently?<\/p>\n a)\u00a0Confederation of Industries in India (CII)<\/p>\n b)\u00a0Indian Bank\u2019s Association (IBA)<\/p>\n c)\u00a0Small Industries Development Bank of India (SIDBI)<\/p>\n d)\u00a0Reserve Bank of India (RBI)<\/p>\n e)\u00a0National Bank for Agriculture and Rural Development (NABARD)<\/p>\n Question 13:\u00a0<\/b>Many times we read about the performance of Asian Markets in various finical newspapers. Which of the following is NOT included in Asian Market?<\/p>\n a)\u00a0Japan<\/p>\n b)\u00a0China<\/p>\n c)\u00a0Hong Korea<\/p>\n d)\u00a0South Korea<\/p>\n e)\u00a0Brazil<\/p>\n Question 14:\u00a0<\/b>Which of the following is NOT a financial term?<\/p>\n a)\u00a0Acid Test<\/p>\n b)\u00a0Double Fault<\/p>\n c)\u00a0Gross Profit<\/p>\n d)\u00a0Depreciation<\/p>\n e)\u00a0Cash flow<\/p>\n Question 15:\u00a0<\/b>In the terms of economics, the recession occurring two times with a small gap in between is known as ______<\/p>\n a)\u00a0Double Deflation<\/p>\n b)\u00a0Deflation<\/p>\n c)\u00a0Deep Recession<\/p>\n d)\u00a0Double Dip Recession<\/p>\n e)\u00a0None of these<\/p>\n Question 16:\u00a0<\/b>Which of the following terms is NOT used in Economics?<\/p>\n a)\u00a0Balance of Payment<\/p>\n b)\u00a0Call Money<\/p>\n c)\u00a0National Debt<\/p>\n d)\u00a0Elasticity of Demand<\/p>\n e)\u00a0Boyle\u2019s Law<\/p>\n Question 17:\u00a0<\/b>Which of the following correctly explains the incidence of Income Tax in India?<\/p>\n a)\u00a0It is levied by the state government<\/p>\n b)\u00a0The centre can levy tax on all income other than agricultural income<\/p>\n c)\u00a0The levy of Income Tax is governed by the Indian Income Tax Act,1956<\/p>\n d)\u00a0Both 2 and 3<\/p>\n e)\u00a0Both 1 and 3<\/p>\n Question 18:\u00a0<\/b>Which of the following is not one of the major charges usually levied on a Demat account?<\/p>\n a)\u00a0Account operating fee<\/p>\n b)\u00a0Annual maintenance fee<\/p>\n c)\u00a0Annual fee for spot conversions of one currency into another<\/p>\n d)\u00a0Custodian fee<\/p>\n e)\u00a0Transaction fee<\/p>\n Question 19:\u00a0<\/b>Which of the following are the essential farcicalities\/ benefiters provided by a\u00a0Demat account to an individual to trade the securities in the stock market?<\/p>\n a)\u00a0It reduces brokerage charges<\/p>\n b)\u00a0It makes pledging\/hypothecation of shares easier<\/p>\n c)\u00a0It enables quick ownership of securities on settlement resulting in increased liquidity<\/p>\n d)\u00a0It avoids confusion in the ownership title of securities<\/p>\n e)\u00a0None of these<\/p>\n Question 20:\u00a0<\/b>Pre shipment and post shipment is related with which finance?<\/p>\n a)\u00a0Housing Finance<\/p>\n b)\u00a0Export finance<\/p>\n c)\u00a0Agricultural Finance<\/p>\n d)\u00a0None of the above<\/p>\n Take CMAT Mock Tests<\/a><\/p>\n Answers & Solutions:<\/strong><\/span><\/p>\n 1)\u00a0Answer\u00a0(E)<\/strong><\/p>\n 2)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 3)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 4)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 5)\u00a0Answer\u00a0(E)<\/strong><\/p>\n 6)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 7)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 8)\u00a0Answer\u00a0(C)<\/strong><\/p>\n In economics, market price is the economics price for which a good or service is offered in the marketplace. It is of interest mainly in the study of microeconomics. Market value and market price are equal only under conditional of market efficiency, equilibrium and rational expectations.<\/p>\n 9)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. Cp can be issued in denominations of `5lahkh or multiples thereof.<\/p>\n 10)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 11)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 12)\u00a0Answer\u00a0(E)<\/strong><\/p>\n 13)\u00a0Answer\u00a0(E)<\/strong><\/p>\n 14)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 15)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 16)\u00a0Answer\u00a0(E)<\/strong><\/p>\n 17)\u00a0Answer\u00a0(B)<\/strong><\/p>\n The central government has been empowered by Entry 82 of the Union List of Schedule VII of the Constitution of India to levy tax on all income other than agricultural income. The levy of income Tax is governed by the Indian Income Tax Act, 1961. The Income Tax Law comprises the Income Tax Act 1961, Income Tax Rules 1962, Notifications and Circulars issued by Central Board of Direct Taxes (CBDT), Annual Finance Acts and Judicial pronouncements by Supreme Court and High Courts.<\/p>\n 18)\u00a0Answer\u00a0(C)<\/strong><\/p>\n There are four major charges usually levied on a Demat account: account opening fee, annual maintenance fee, Custodian fee and transaction fee. A Tobin tax, suggested by Nobel Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency.<\/p>\n 19)\u00a0Answer\u00a0(E)<\/strong><\/p>\n Demat account allows us to buy, sell and transact shares without the endless paperwork and delays. The Demat account reduces brokerage charges, makes pledging\/ hypothecation of shares easier, enables quick ownership of securities on settlement resulting in increased liquidity, avoids confusion in the ownership title of securities, and provides easy receipt of public issue allotment. It also helps us avoid bad deliveries caused by signature mismatch, postal delays and loss of certificates in transit.<\/p>\n 20)\u00a0Answer\u00a0(B)<\/strong><\/p>\n
\nI. Excise duty is a tax on manufacture or production of goods and services
\nII. Not all kinds of excise duty is collected by the Central Government of India
\nIII.Excise duty is an indirect tax
\nWhich of the statements given above are correct?<\/p>\n