Account and Finance Practice Question and Answer
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Q: For how many months is a cheque valid from the date of issue?
1935 0612361186975ee151bc2282f
612361186975ee151bc2282f- 13 monthstrue
- 26 monthsfalse
- 31 monthfalse
- 42 monthsfalse
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Answer : 1. "3 months "
Q: In which year RBI introduced cheque truncation system?
1920 05e9569b253167643dfefff41
5e9569b253167643dfefff41- 12005false
- 22006false
- 32008true
- 42010false
- 52013false
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Answer : 3. "2008 "
Q: Which among the following is an example of micro-economic variable?
1919 0606c3052c476de27c7b1e07f
606c3052c476de27c7b1e07f- 1Employmentfalse
- 2Consumer’s Equilibriumtrue
- 3National Incomefalse
- 4Aggregate Supplyfalse
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Answer : 2. "Consumer’s Equilibrium "
Q: Rural Infrastructure Development Fund (RIDF) is maintained by-
1916 05e97d5741ef51c5f8d45252a
5e97d5741ef51c5f8d45252a- 1Ministry of Rural Developmentfalse
- 2RBIfalse
- 3SIDBIfalse
- 4NABARDtrue
- 5Ministry of Agriculturefalse
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Answer : 4. "NABARD "
Q: The term ATM stands for which of the following?
1899 05e69c317755e9d6ad85cefa1
5e69c317755e9d6ad85cefa1- 1Automatic teller machinetrue
- 2Automated teller mechanismfalse
- 3Automated teller machinefalse
- 4None of thesefalse
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Answer : 1. "Automatic teller machine "
Q: Electronic Fund Transfer scheme of RBI has been renamed as :
1894 05fc7504f907913387b009b59
5fc7504f907913387b009b59- 1Clearingfalse
- 2Core Banking Solutionsfalse
- 3Real Time Gross Settlementfalse
- 4National Electronic Fund Transfertrue
- 5None of thesefalse
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Answer : 4. "National Electronic Fund Transfer"
Q: If a cheque is presented for payment after six months from the date of the cheque it is called ______
1892 05e69cfa68fcee56af2fb80c8
5e69cfa68fcee56af2fb80c8- 1Bearer Chequefalse
- 2Order Chequefalse
- 3Open Chequefalse
- 4Stale Chequetrue
- 5Mutilated Chequefalse
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Answer : 4. "Stale Cheque"
Q: Who has given the concept that 'Bad Money drives Good Money out of circulation?
1891 05e97d055fc7e7a3060b943ea
5e97d055fc7e7a3060b943ea- 1Robert Giffenfalse
- 2Thomas Greshamtrue
- 3J. R. Hicksfalse
- 4W.J. Baumolfalse
- 5Alfred Marshallfalse
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Answer : 2. "Thomas Gresham"
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