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Elixir Round 1

Total questions: 30

Worksheet time: 10mins

Name
Class
Date
1.

The budget was formally introduced in India in....

a)

1860

b)

1947

c)

1950

d)

1868

2.

Who is called the father of Indian budget system

a)

lord mayo

b)

Morarji Desai

c)

James Wilson

d)

B.R.Ambedkar

3.

Which of the following scheme has the objective to skill 1crore youth in the next 3 years?

a)

Startup,Standup

b)

PM Kaushal Vikas Yojana

c)

MGNREGA

d)

None of the above

4.

What is meaning of the word Budget

a)

Money Bag

b)

Leather Bag

c)

Red Bag

d)

Year Details

5.

Who was the First Finance Minister of Independent India?

a)

R.K.Shanmukhan Chetty

b)

John mathai

c)

C.D Deshmukh

d)

None of the above

6.

Which ministry allocated the highest budget in the Interim Budget 2024

a)

Railways

b)

Defence

c)

External affairs

d)

energy

7.

How much is the total capital expenditure in the Budget 2024-25

a)

34,00,333

b)

24,67,333

c)

11,11,111

d)

14,67,333

8.

Who is the First women Finance Minister to presented the union Budget

a)

Sushma swaraj

b)

Indira Gandhi

c)

Vijay Laxmi pandit

d)

Nirmal Sitharaman

9.

In which of the following year was the paperless budget presented for the first time?

a)

2019

b)

2021

c)

2020

d)

2022

10.

The stock market index of london stock market is referred as......

a)

Brent

b)

Sensex

c)

Footsie

d)

Nasdaq

11.

paytm is the second largest fintech company IPO of 2021 globally after all funds. What is the parent company?

a)

Alphabet inc

b)

Budal technology

c)

Exor

d)

One 97 communications

12.

What is white label ATM?

a)

Set up by Commercial Banks

b)

Set up by secheduled Banks

c)

Set up by Non-banks

d)

Set up by Foreign Banks

13.

Consumer who buy one brand all the time are:-

a)

safe core loyal

b)

Switchers

c)

shifting loyals

d)

Hard core loyals

14.

Assets are usually reported on the balance sheet at which amount?

a)

Cost

b)

Market value

c)

Expected Selling price

d)

None of the above

15.

Unearned revenues is what type of amount

a)

Asset

b)

Liability

c)

Shareholder's Equity

d)

Bills Receivable

16.

Which of the following is not a core Financial Statement?

a)

Income statement

b)

Statement of cash flows

c)

Trial balance

d)

Balance sheet

17.

Which is not an example of financing cash flow?

a)

Paying off a Debt $25,000

b)

Investing in equipment worth $90,000

c)

Paying $12,000 worth of divident

d)

Issuing $42,000 worth of shres

18.

Contigent Liability appear in the...

a)

Balance Sheet

b)

Chairman's report

c)

Shareholder report

d)

Notes on account to balance sheet

19.

Debit what comes in credit what goes out is the rule of....

a)

personal account

b)

Real account

c)

Nominal account

d)

Assets account

20.

What does the acronym ETF stand for?

a)

Electronic Trading Fund

b)

Equity Trading Fund

c)

Exchange-Traded Fund

d)

Efficient Transaction Fund

21.

What is the full form IPO, where a company's shares are offered to the public for the first time?

a)

Initial Public Offering

b)

Initial Private Offering

c)

International Public Offering

d)

Initial Primary Offering

22.

Which is the highest priced share?

a)

MRF

b)

TCS

c)

RELIANCE

d)

NESTLE

23.

Which term describes a sudden and significant decrease in the value of a stock market index or individual security?

a)

Correction

b)

Market Crash

c)

Bear Market

d)

Bull Market

24.

Who is known as the "Oracle of Omaha" and is one of the most successful investors of all time?

a)

Bill Gates

b)

Elon Musk

c)

Jeff Bezos

d)

Warren Buffett

25.

‘Life ko Banao Rich’ is the tagline of.....

a)

ICICI BANK

b)

HDFC BANK

c)

YES BANK

d)

IDBI BANK

26.

   Which of the following scheme was discontinued by Government on 31-Mar-2023?

a)

PM Vaya Vandana Yojana

b)

  Mahila Samman Savings Certificate

c)

Sukanya Samriddhi Account

d)

Atal Pension Yojana

27.

   I'm a Harvard graduate; I'm a football fan; I rescued a scam-hit software giant. Who am I?

a)

  Adi Godrej

b)

   Sundar Pichai

c)

Anand Mahindra

d)

Kumar Mangalam Birla

28.

Karnataka Bank headquarter situated in which city?

a)

Bengaluru

b)

Mangaluru

c)

Dehli

d)

Hubli

29.

Nifty all time high value is.....

a)

22,297

b)

22,248

c)

22,304

d)

22,200

30.

When GST implimented in India?

a)

July-1-2016

b)

July-1-2018

c)

July-1-2017

d)

July-1-2015