CA Foundation Practice

MONEY MARKET QUESTIONS AND ANSWES 1. The money market deals in: A. Long-term fundsB. Medium-term fundsC. Short-term fundsD. All types of fundsAnswer: C. Short-term funds 2. Which of the following is not a money market instrument?A. Treasury billsB. Commercial paperC. SharesD. Certificates of depositAnswer: C. Shares 3. The major participant in the money market is: […]

Public finance – MCQs with answers 1. Which of the following is a union tax? a. Corporation taxb. Taxes on agricultural incomec. Capitation taxesd. Land revenues ANSWER: a. Corporation tax 2. Which of the following is not a union tax? a. Taxes on railway freights and faresb. Stamp duties on financial documentsc. Tollsd. A and […]