Account and Finance Practice Question and Answer
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Q: Who has given the concept that 'Bad Money drives Good Money out of circulation?
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5e97d055fc7e7a3060b943ea- 1Robert Giffenfalse
- 2Thomas Greshamtrue
- 3J. R. Hicksfalse
- 4W.J. Baumolfalse
- 5Alfred Marshallfalse
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Answer : 2. "Thomas Gresham"
Q: National Investment and Infrastructure Fund(NIIF) is recently established by the Union Government. It is an Alternate investment Fund (AIF) of
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5e78389bf012602a3deede06- 1category Ifalse
- 2category IItrue
- 3category IIIfalse
- 4category IVfalse
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Answer : 2. "category II"
Q: MSME is defined under which act?
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5e69c2c70b8b1e6afc207a84- 1MSMED Act, 2006true
- 2MSME Act, 2001false
- 3MSMED Act, 1999false
- 4MSME Act, 2004false
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Answer : 1. "MSMED Act, 2006 "
Q: In which year RBI introduced cheque truncation system?
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5e9569b253167643dfefff41- 12005false
- 22006false
- 32008true
- 42010false
- 52013false
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Answer : 3. "2008 "
Q: RBI directed banks to provide doorstep banking facilities to-
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5ea27b604401a11507e54c65- 1Poor womenfalse
- 2Citizens above 50 years of agefalse
- 3Children below 15 years of agefalse
- 4Scheduled tribe personsfalse
- 5Differently abled personstrue
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Answer : 5. "Differently abled persons "
Q: Who was the second Governor of Reserve Bank of India?
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5e94477bb691736639f5b07a- 1Sir C. D Deshmukhfalse
- 2Sir James Taylortrue
- 3Sir W. T . McCallumfalse
- 4Sir Osborne Smithfalse
- 5None of thesefalse
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Answer : 2. "Sir James Taylor "
Q: Which bank has tied up with Mumbai Metro to launch ‘One Mumbai Metro Card’ powered by Mastercard, to ensure contactless and cashless travel for Mumbaikars?
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6125f03851e5ee4f5c8cfd1e- 1HDFC Bankfalse
- 2IndusInd Bankfalse
- 3Axis Banktrue
- 4Yes Bankfalse
- 5ICICI Bankfalse
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Answer : 3. "Axis Bank"
Q: Which of the following is also known as consumer banking?
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5dfb01f180cad641a0cbfe9a- 1Retail Bankingtrue
- 2State Bankfalse
- 3Universal Bankingfalse
- 4Business Bankingfalse
- 5None of the thesefalse
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Answer : 1. "Retail Banking"
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