Account and Finance Questions Practice Question and Answer
8 Q: Which one of the following statements is true in contrast to the General Budget?
1319 061b75e407fd9195ddf2d774e
61b75e407fd9195ddf2d774e- 1It is first presented in the Upper House.false
- 2It is first introduced in the Lok Sabha.true
- 3It can be introduced in either House which is in immediate session.false
- 4It is presented in a joint session of Parliament.false
- 5None of thesefalse
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Answer : 2. "It is first introduced in the Lok Sabha."
Q: Which method comes under qualitative control?
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61b33389bcb1f45db0a6b70b- 1Open Market Activitiestrue
- 2Direct actionfalse
- 3Publicityfalse
- 4Moral persuasionfalse
- 52,3 and 4false
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Answer : 1. "Open Market Activities"
Q: Who was the first Governor of Reserve Bank of India?
1300 061b74d5e8fe2311103b01362
61b74d5e8fe2311103b01362- 1Sir Osworn A. smithtrue
- 2Sir James B. Tailorfalse
- 3Sir C.D. Deshmukhfalse
- 4Sir V.R. Raofalse
- 5None of thesefalse
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Answer : 1. "Sir Osworn A. smith"
Q: Credit Foncier was first established in France in the year 1952. He is called the father of land mortgage banks. When was the first co-operative land-mortgage bank established in our country in Punjab?
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61b3342345c0db34860dc201- 11920true
- 21925false
- 31935false
- 41940false
- 5None of thesefalse
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Answer : 1. "1920"
Q: RBI absorbs liquidity in the system through :
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5fc750b7d0af4c56f5e70e52- 1Repofalse
- 2Reverse Repotrue
- 3Both A and Bfalse
- 4Either A or Bfalse
- 5None of thesefalse
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Answer : 2. "Reverse Repo"
Q: Which bank has launched a ‘SIM Binding’ feature in its digital banking platforms to protect customers from various frauds?
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6125db2a7c2fc04f2bea2212- 1Union Bank of Indiafalse
- 2HDFC Bankfalse
- 3Yes Bankfalse
- 4ICICI Bankfalse
- 5State Bank of Indiatrue
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Answer : 5. "State Bank of India"
Q: Personal Income produced in a country is not included in–
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6512906b7cef9d502469a1c2- 1Production income from NDPfalse
- 2Net Production Income from foreign.false
- 3Transfer Income from governmentfalse
- 4Current Payment on Foreign loans.true
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Answer : 4. "Current Payment on Foreign loans."
Explanation :
The Current payment on foreign loans are not included in personal Income. In economics, personal income refers to an individual’s total earnings from wages, investment enterprises, and other ventures. It is the sum of all the incomes received by all the individuals or household during a given period.
Q: NACH is a centralised system, launched with an aim to consolidate multiple ECS systems running across the country and provides a framework for the harmonization of standard & practices and removes local barriers/inhibitors. What is the meaning of "H" in NACH?
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62d673d30c053665b696e362- 1Housetrue
- 2Homefalse
- 3Handlefalse
- 4Hostfalse
- 5Honestfalse
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