Account and Finance Questions Practice Question and Answer

Q:

In which year RBI introduced cheque truncation system? 

1996 0

  • 1
    2005
    Correct
    Wrong
  • 2
    2006
    Correct
    Wrong
  • 3
    2008
    Correct
    Wrong
  • 4
    2010
    Correct
    Wrong
  • 5
    2013
    Correct
    Wrong
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Answer : 3. "2008 "

Q:

Rural Infrastructure Development Fund (RIDF) is maintained by- 

1987 0

  • 1
    Ministry of Rural Development
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    SIDBI
    Correct
    Wrong
  • 4
    NABARD
    Correct
    Wrong
  • 5
    Ministry of Agriculture
    Correct
    Wrong
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Answer : 4. "NABARD "

Q:

Who has given the concept that 'Bad Money drives Good Money out of circulation? 

1955 0

  • 1
    Robert Giffen
    Correct
    Wrong
  • 2
    Thomas Gresham
    Correct
    Wrong
  • 3
    J. R. Hicks
    Correct
    Wrong
  • 4
    W.J. Baumol
    Correct
    Wrong
  • 5
    Alfred Marshall
    Correct
    Wrong
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Answer : 2. "Thomas Gresham"

Q:

Electronic Fund Transfer scheme of RBI has been renamed as :

1934 0

  • 1
    Clearing
    Correct
    Wrong
  • 2
    Core Banking Solutions
    Correct
    Wrong
  • 3
    Real Time Gross Settlement
    Correct
    Wrong
  • 4
    National Electronic Fund Transfer
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "National Electronic Fund Transfer"

Q:

RBI directed banks to provide doorstep banking facilities to- 

1921 0

  • 1
    Poor women
    Correct
    Wrong
  • 2
    Citizens above 50 years of age
    Correct
    Wrong
  • 3
    Children below 15 years of age
    Correct
    Wrong
  • 4
    Scheduled tribe persons
    Correct
    Wrong
  • 5
    Differently abled persons
    Correct
    Wrong
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Answer : 5. "Differently abled persons "

Q:

GST stands for_____

1919 0

  • 1
    Goods and Services Tax
    Correct
    Wrong
  • 2
    Growth and Service Tax
    Correct
    Wrong
  • 3
    Growth and Sale Tax
    Correct
    Wrong
  • 4
    Goods and Sales Tax
    Correct
    Wrong
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Answer : 1. "Goods and Services Tax"

Q:

Debenture holders of a company are its 

1897 0

  • 1
    Debtors
    Correct
    Wrong
  • 2
    Directors
    Correct
    Wrong
  • 3
    Shareholders
    Correct
    Wrong
  • 4
    Creditors
    Correct
    Wrong
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Answer : 4. "Creditors "

Q:

World's first thermal battery power plant is started in which state?

1855 0

  • 1
    Andhra Pradesh
    Correct
    Wrong
  • 2
    Kerala
    Correct
    Wrong
  • 3
    Uttar Pradesh
    Correct
    Wrong
  • 4
    Maharashtra
    Correct
    Wrong
  • 5
    Gujarat
    Correct
    Wrong
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Answer : 1. "Andhra Pradesh "

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