Account and Finance Questions Practice Question and Answer

Q:

Commercial Paper can be issued in the de- nomination of – 

1552 0

  • 1
    25,000
    Correct
    Wrong
  • 2
    50,000
    Correct
    Wrong
  • 3
    1,00,000
    Correct
    Wrong
  • 4
    5,00,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "5,00,000 "

Q:

16 Which of these banks was nationalized in 1969?   

1537 0

  • 1
    Andhra Bank
    Correct
    Wrong
  • 2
    Vijaya Bank
    Correct
    Wrong
  • 3
    Punjab and Sind Bank
    Correct
    Wrong
  • 4
    Oriental Bank of Commerce.
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 5. "None of these"

Q:

The reserves which can act as liquidity buffer for commercial banks during crisis times are:

1528 0

  • 1
    CRR and SLR
    Correct
    Wrong
  • 2
    Only CRR
    Correct
    Wrong
  • 3
    Only SLR
    Correct
    Wrong
  • 4
    Reverse Repo rate
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "CRR and SLR"

Q:

Concept of "Service Area Approach" was recommended by :

1522 0

  • 1
    R.V. Gupta
    Correct
    Wrong
  • 2
    A.D. Gorawala
    Correct
    Wrong
  • 3
    Dr. P.D. Ojha Committee
    Correct
    Wrong
  • 4
    Dr. Kalia
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "R.V. Gupta "

Q:

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

1517 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 "

Q:

Who was the Finance Minister of India when Banking Nationalization was done in 1969? 

1505 0

  • 1
    Morarji Desai
    Correct
    Wrong
  • 2
    Indira Gandhi
    Correct
    Wrong
  • 3
    Yashwantrao Chavan
    Correct
    Wrong
  • 4
    Chidambaram Subramaniam
    Correct
    Wrong
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Answer : 2. "Indira Gandhi "

Q:

What is the Validity of a cheque?

1480 0

  • 1
    1 month
    Correct
    Wrong
  • 2
    3 month
    Correct
    Wrong
  • 3
    4 month
    Correct
    Wrong
  • 4
    6 month
    Correct
    Wrong
  • 5
    2 month
    Correct
    Wrong
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Answer : 2. "3 month"

Q:

Name the apex organization of industrial finance in India. 

1478 0

  • 1
    IFCI
    Correct
    Wrong
  • 2
    IDBI
    Correct
    Wrong
  • 3
    ICICI
    Correct
    Wrong
  • 4
    IIFI
    Correct
    Wrong
  • 5
    BCIF
    Correct
    Wrong
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Answer : 2. "IDBI "

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