Account and Finance Questions Practice Question and Answer

Q:

When was the first Savings Bank established in Hamburg?

1118 0

  • 1
    1760
    Correct
    Wrong
  • 2
    1765
    Correct
    Wrong
  • 3
    1770
    Correct
    Wrong
  • 4
    1775
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "1765"

Q:

The theory of distribution relates to which of the following?

1101 0

  • 1
    The distribution of assets
    Correct
    Wrong
  • 2
    The distribution of income
    Correct
    Wrong
  • 3
    The distribution of factor payments
    Correct
    Wrong
  • 4
    Equality in the distribution of the income and wealth
    Correct
    Wrong
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Answer : 4. "Equality in the distribution of the income and wealth"

Q:

What is the upper limit of annual household income for microfinance borrowers in rural areas?

1100 0

  • 1
    ₹1.5 lakh
    Correct
    Wrong
  • 2
    ₹1 lakh
    Correct
    Wrong
  • 3
    ₹1.25 lakh
    Correct
    Wrong
  • 4
    ₹2 lakh
    Correct
    Wrong
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Answer : 3. "₹1.25 lakh"

Q:

In which year, RBI was nationalized?

1091 0

  • 1
    1939
    Correct
    Wrong
  • 2
    1949
    Correct
    Wrong
  • 3
    1959
    Correct
    Wrong
  • 4
    1969
    Correct
    Wrong
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Answer : 2. "1949"

Q:

____________ is the official minimum rate at which the Central Bank of a country re-discounts the approved bills, held by commercial banks.

1089 0

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

Q:

Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India

1080 0

  • 1
    Only (A)
    Correct
    Wrong
  • 2
    Only (B)
    Correct
    Wrong
  • 3
    Only (A) and (B)
    Correct
    Wrong
  • 4
    All (A), (B) and (C)
    Correct
    Wrong
  • 5
    Only (B) and (C)
    Correct
    Wrong
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Answer : 4. "All (A), (B) and (C) "

Q:

Which of the following branch of the World Bank was formed in the year 1992 for quick financial action and innovation activities?

1078 0

  • 1
    IFC
    Correct
    Wrong
  • 2
    IDF
    Correct
    Wrong
  • 3
    MIGA
    Correct
    Wrong
  • 4
    ICSID
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "IDF"

Q:

Fiscal policy is not a tool

1069 0

  • 1
    public expenditure
    Correct
    Wrong
  • 2
    bank rate
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    public debt
    Correct
    Wrong
  • 5
    2 and 3
    Correct
    Wrong
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Answer : 5. "2 and 3"

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