The Finance Maestro- Quiz 1

The Finance Minister Nirmala Sitharaman has launched which app?

• Pay Commission Mobile App

• Budget App

• Union Budget Mobile App

• Finance Commission App

1. A business uses Hire purchase because:

• This allows a business to acquire assets to keep by paying for it over a period

• This allows them to use an asset when they want

• This allows a business to use assets on rent

• They can use it without paying for it

With which bank, Indian Navy has partnered with to initiate ‘Honour FIRST’, a premium banking solution for serving personnel and veterans of the Indian Navy?

• IDFC FIRST Bank

• HDFC Bank

• Citibank

• ICICI Bank

Which of the following is not a financing activity?

• Repayment of long-term debt

• Issuance of equity

• Investments in businesses

• Payment of dividends

Which of the following is not a part of GST slab rate?

• 5%

• 18%

• 12%

• 7%

What is an annuity?

• An investment that has no definite end and a stream of cash payments that continues forever

• A stream of cash flows that start one year from today and continue while growing by a constant growth rate

• A series of equal payments at equal time periods and guaranteed for a fixed number of years

• A series of unequal payments at equal time periods which are guaranteed for a fixed number of years

Which of the following is not a publicly listed company?

• Reliance Industries

• Amul

• Apple

• Amazon

If you were able to earn interest at 3% and you started with $100, how much would you have after 3 years?

• $91.51

• $109.27

• $291.26

• $103.00

Who is the head of GST Council?

• Shaktikanta Das

• Arun Jaitley

• Nirmala Sitharaman

• None of the given options

Provisions are

• External Transactions

• Capital Reserve

• Internal Transactions

• None of the these