Account and Finance Questions Practice Question and Answer
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Q: Which among the following is considered to be the most liquid asset?
14169 05e9567d5b1f6a43ba1669036
5e9567d5b1f6a43ba1669036- 1Bitcoinfalse
- 2Goldfalse
- 3Chequefalse
- 4T - billfalse
- 5Moneytrue
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Answer : 5. "Money "
Q: What happens when CRR is increased?
6570 05e95685a52a551440d0d0bc4
5e95685a52a551440d0d0bc4- 1It decreases the money supplyfalse
- 2It increases the money supplyfalse
- 3It decreases inflationfalse
- 4Only 1 & 3true
- 5All of the abovefalse
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Answer : 4. "Only 1 & 3 "
Q: For using safe deposit locker facility, bank customer's pay______ .
4640 05e99afa25b0ee83f88d3a9c9
5e99afa25b0ee83f88d3a9c9- 1Interest on lockerfalse
- 2Rent on lockertrue
- 3Commission on lockerfalse
- 4Safe custody chargesfalse
- 5None of thesefalse
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Answer : 2. "Rent on locker"
Q: The first Indian bank to open a branch on foreign soil?
4537 05eafc432caa4f678cf74d82f
5eafc432caa4f678cf74d82f- 1Bank of Barodafalse
- 2Bank of Indiatrue
- 3Punjab National Bankfalse
- 4Allahabad Bankfalse
- 5State Bank of Indiafalse
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Answer : 2. "Bank of India "
Q: Which among the following statements is not true about the Banking Ombudsman (BO)?
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5e99ae12a617427daa9d2d81- 1BO was first setup in UK.false
- 2He hears customers ' complaints against banksfalse
- 3Tenure of BO is 3 years at a time.false
- 4RBI started this scheme in 1995.true
- 5None of thesefalse
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Answer : 4. "RBI started this scheme in 1995. "
Q: In which year ‘Hilton Young Commission’ recommends the establishment of a central bank?
1967 05eafc6464c5c6a1e28cd34cb
5eafc6464c5c6a1e28cd34cb- 11921false
- 21926true
- 31931false
- 41934false
- 51935false
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Answer : 2. "1926 "
Q: Name the first bank in India to introduce biodegradable cards.
1879 05e97de961ef51c5f8d454321
5e97de961ef51c5f8d454321- 1Axis Banktrue
- 2HDFC Bankfalse
- 3Yes Bankfalse
- 4ICICI Bankfalse
- 5Laxmi Vilas Bankfalse
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Answer : 1. "Axis Bank"
Q: Oudh Commercial Bank was founded in the year
1861 05eafc5a38d1f47273b1c3f6b
5eafc5a38d1f47273b1c3f6b- 11881true
- 21865false
- 31894false
- 41806false
- 51895false
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Answer : 1. "1881 "
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