JKSSB FAA 2026 with exam-oriented statement-based questions designed according to the latest syllabus and pattern. These MCQs help improve conceptual clarity, analytical thinking, and elimination techniques required in competitive exams. Practice Accounts, Economics, Computer Awareness, Banking, Budget, and Current Affairs through high-quality assertion and statement-based quizzes. Solve detailed practice sets regularly to boost accuracy, speed, and confidence for the Finance Accounts Assistant examination.
- Consider the following statements regarding Inflation:
Statement I: Inflation refers to a sustained rise in general price levels.
Statement II: Deflation means continuous increase in prices.
Statement III: Moderate inflation may support economic growth.
Which of the statements given above are correct?
A. I and II only
B. I and III only
C. II and III only
D. I, II and III
Answer: B
Explanation:
Statement I is correct because inflation means a rise in overall prices. Statement II is incorrect because deflation means fall in prices. Statement III is correct as moderate inflation can encourage production and investment.
- Consider the following statements regarding GST:
Statement I: GST is a destination-based tax.
Statement II: GST replaced many indirect taxes in India.
Statement III: Direct taxes are included under GST.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: A
Explanation:
GST is a destination-based indirect tax system that replaced several taxes like VAT and excise duty. Direct taxes like income tax are not included under GST.
- Consider the following statements regarding Computer Memory:
Statement I: RAM is volatile memory.
Statement II: ROM stores permanent instructions.
Statement III: Cache memory slows down processing speed.
Which of the statements given above are correct?
A. I and II only
B. I and III only
C. II and III only
D. I, II and III
Answer: A
Explanation:
RAM loses data after power off, so it is volatile. ROM stores permanent instructions. Cache memory actually increases processing speed.
- Consider the following statements regarding Banking:
Statement I: RBI is the central bank of India.
Statement II: Commercial banks can print currency notes.
Statement III: RBI regulates monetary policy.
Which of the statements given above are correct?
A. I only
B. I and III only
C. II and III only
D. I, II and III
Answer: B
Explanation:
RBI controls monetary policy and acts as India’s central bank. Commercial banks cannot print currency notes.
- Consider the following statements regarding Union Budget:
Statement I: Budget is presented annually in Parliament.
Statement II: Capital expenditure creates assets.
Statement III: Revenue expenditure always creates assets.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: A
Explanation:
Capital expenditure creates long-term assets. Revenue expenditure is mainly for day-to-day functioning and usually does not create assets.
- Consider the following statements regarding Microsoft Excel:
Statement I: SUM() function adds numbers.
Statement II: CTRL + X is used to copy data.
Statement III: Excel files are called workbooks.
Which of the statements given above are correct?
A. I only
B. I and III only
C. II and III only
D. I, II and III
Answer: B
Explanation:
SUM() adds values and Excel files are known as workbooks. CTRL + X is used to cut, not copy.
- Consider the following statements regarding Indian Economy:
Statement I: GDP measures total value of goods and services.
Statement II: Per capita income is national income divided by population.
Statement III: GDP includes only agricultural production.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: A
Explanation:
GDP includes all sectors of the economy, not only agriculture. Per capita income is calculated using total population.
- Consider the following statements regarding Internet:
Statement I: WWW stands for World Wide Web.
Statement II: HTTP is used for transferring web pages.
Statement III: URL means Uniform Resource Locator.
Which of the statements given above are correct?
A. I only
B. I and II only
C. I, II and III
D. II and III only
Answer: C
Explanation:
All statements are correct and related to internet terminology.
- Consider the following statements regarding Fiscal Policy:
Statement I: Fiscal policy is related to government revenue and expenditure.
Statement II: Taxation is a tool of fiscal policy.
Statement III: RBI alone formulates fiscal policy.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: A
Explanation:
Fiscal policy is framed by the government, not RBI. Taxation and public expenditure are its major tools.
- Consider the following statements regarding Accounting:
Statement I: Assets are resources owned by a business.
Statement II: Liabilities are obligations of a business.
Statement III: Capital represents owner’s claim.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: D
Explanation:
All statements correctly define basic accounting concepts.
- Consider the following statements regarding Indian Constitution:
Statement I: Fundamental Rights are guaranteed by the Constitution.
Statement II: Directive Principles are enforceable in courts.
Statement III: Fundamental Duties were added later to the Constitution.
Which of the statements given above are correct?
A. I only
B. I and III only
C. II and III only
D. I, II and III
Answer: B
Explanation:
Directive Principles are non-justiciable and cannot be enforced in courts.
- Consider the following statements regarding Auditing:
Statement I: Auditing checks accuracy of financial records.
Statement II: Internal audit is compulsory for all small businesses.
Statement III: Auditor submits audit report after examination.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: C
Explanation:
Auditing verifies records and auditors submit reports. Internal audit is not compulsory for all small businesses.
- Consider the following statements regarding Taxation:
Statement I: Income tax is a direct tax.
Statement II: GST is an indirect tax.
Statement III: Customs duty is collected on imports and exports.
Which of the statements given above are correct?
A. I and II only
B. I and III only
C. II and III only
D. I, II and III
Answer: D
Explanation:
All statements correctly describe different forms of taxation.
- Consider the following statements regarding Operating System:
Statement I: Windows is an operating system.
Statement II: Linux is open-source software.
Statement III: Operating systems manage hardware resources.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: D
Explanation:
Operating systems control system resources and Linux is a popular open-source OS.
- Consider the following statements regarding Reserve Bank of India:
Statement I: RBI controls monetary policy in India.
Statement II: RBI issues currency notes except one rupee note.
Statement III: RBI acts as banker to the government.
Which of the statements given above are correct?
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Answer: D
Explanation:
RBI manages monetary policy, issues most currency notes, and serves as banker to the government.
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Statement-based MCQs with two options — curated for JKSSB aspirants
