Account and Finance Questions Practice Question and Answer

Q:

Medium-term loans are provided for a period of _____.

1078 0

  • 1
    15 months to 4 years
    Correct
    Wrong
  • 2
    1 year to 3 years
    Correct
    Wrong
  • 3
    1 year to 2 years
    Correct
    Wrong
  • 4
    15 months to 3 years
    Correct
    Wrong
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Answer : 2. "1 year to 3 years"

Q:

Mutual Funds are required to be registered with :

1076 0

  • 1
    AMFI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    IBA
    Correct
    Wrong
  • 4
    RBI
    Correct
    Wrong
  • 5
    FCAT
    Correct
    Wrong
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Answer : 2. "SEBI"

Q:

Public Sector Enterprises (PSEs) is comes under which ministry?

1063 0

  • 1
    Ministry of Heavy Industries and Public Enterprises
    Correct
    Wrong
  • 2
    Ministry of Environment, Forest and Climate Change
    Correct
    Wrong
  • 3
    Ministry of Personnel, Public Grievances and Pensions
    Correct
    Wrong
  • 4
    Ministry of Corporate Affairs
    Correct
    Wrong
  • 5
    Ministry of New and Renewable Energy
    Correct
    Wrong
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Answer : 1. "Ministry of Heavy Industries and Public Enterprises"

Q:

Match the characteristics with their market structure:

(a) Firm has control over quantity of output but it must take into account reactions of competitors.

b) Firm will tend to set output so that it earns maximum profits.

1059 0

  • 1
    (a) Oligopoly, (b) Pure competition
    Correct
    Wrong
  • 2
    (a) Monopolistic competition, (b) Oligopoly
    Correct
    Wrong
  • 3
    (a) Pure Monopoly, (b) Pure competition
    Correct
    Wrong
  • 4
    (a) Oligopoly, (b) Pure Monopoly
    Correct
    Wrong
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Answer : 1. "(a) Oligopoly, (b) Pure competition"

Q:

Which of the following rate is charged by banks to their most credit-worthy customers?

1058 0

  • 1
    Bank Rate
    Correct
    Wrong
  • 2
    Repo Rate
    Correct
    Wrong
  • 3
    Prime Lending Rate
    Correct
    Wrong
  • 4
    Statutory Liquidity Rate
    Correct
    Wrong
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Answer : 3. "Prime Lending Rate"

Q:

Which of the following country is the largest lender of America?

1056 0

  • 1
    Britain
    Correct
    Wrong
  • 2
    Japan
    Correct
    Wrong
  • 3
    China
    Correct
    Wrong
  • 4
    Brazil
    Correct
    Wrong
  • 5
    India
    Correct
    Wrong
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Answer : 3. "China"

Q:

Which is the first bank started entirely with Indian capital?

1041 0

  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Punjab National Bank
    Correct
    Wrong
  • 3
    Bank of Baroda
    Correct
    Wrong
  • 4
    Bank of Maharashtra
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Punjab National Bank"

Q:

Which of the following is NOT a Govt-sponsored organization?

1029 0

  • 1
    Small Industries Development Bank of India
    Correct
    Wrong
  • 2
    NABARD
    Correct
    Wrong
  • 3
    National Housing Bank
    Correct
    Wrong
  • 4
    ICICI Bank
    Correct
    Wrong
  • 5
    All are Govt-sponsored
    Correct
    Wrong
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Answer : 4. "ICICI Bank"

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