Account and Finance Practice Question and Answer

Q:

The concept of Economic planning in India is derived from ________.

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  • 1
    USA
    Correct
    Wrong
  • 2
    UK
    Correct
    Wrong
  • 3
    Australia
    Correct
    Wrong
  • 4
    Russia
    Correct
    Wrong
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Answer : 4. "Russia"

Q:

Which of the following include the primary structure of the Mutual Funds? 

1662 0

  • 1
    Open-end funds
    Correct
    Wrong
  • 2
    Unit Investment Trusts
    Correct
    Wrong
  • 3
    Exchange traded Funds
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 4. "All of the Above"

Q:

Asset Reconstruction Companies are regulated by- 

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  • 1
    SEBI
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    GOI
    Correct
    Wrong
  • 4
    FCI
    Correct
    Wrong
  • 5
    IDBI
    Correct
    Wrong
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Answer : 2. "RBI "

Q:

Rural Infrastructure Development Fund (RIDF) is maintained by- 

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  • 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:

Electronic Fund Transfer scheme of RBI has been renamed as :

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  • 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:

First Bank established in India was

1607 0

  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Bank of Hindustan
    Correct
    Wrong
  • 3
    Bank of Bharat
    Correct
    Wrong
  • 4
    Bank of Agra
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Bank of Hindustan"

Q:

MSME is defined under which act? 

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  • 1
    MSMED Act, 2006
    Correct
    Wrong
  • 2
    MSME Act, 2001
    Correct
    Wrong
  • 3
    MSMED Act, 1999
    Correct
    Wrong
  • 4
    MSME Act, 2004
    Correct
    Wrong
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Answer : 1. "MSMED Act, 2006 "

Q:

Which digital payment digital payment platform has tied up with a clutch of leading Indian banks to offer tokenized card services to customers on its UPI app?

1597 0

  • 1
    Mobikwik
    Correct
    Wrong
  • 2
    PhonePe
    Correct
    Wrong
  • 3
    Google Pay
    Correct
    Wrong
  • 4
    Amazon Pay
    Correct
    Wrong
  • 5
    Paytm
    Correct
    Wrong
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Answer : 3. "Google Pay"

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