Account and Finance Practice Question and Answer

Q:

Which among the following is an example of micro-economic variable? 

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  • 1
    Employment
    Correct
    Wrong
  • 2
    Consumer’s Equilibrium
    Correct
    Wrong
  • 3
    National Income
    Correct
    Wrong
  • 4
    Aggregate Supply
    Correct
    Wrong
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Answer : 2. "Consumer’s Equilibrium "

Q:

Which of the following is also known as consumer banking?

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  • 1
    Retail Banking
    Correct
    Wrong
  • 2
    State Bank
    Correct
    Wrong
  • 3
    Universal Banking
    Correct
    Wrong
  • 4
    Business Banking
    Correct
    Wrong
  • 5
    None of the these
    Correct
    Wrong
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Answer : 1. "Retail Banking"

Q:

The term ATM stands for which of the following? 

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  • 1
    Automatic teller machine
    Correct
    Wrong
  • 2
    Automated teller mechanism
    Correct
    Wrong
  • 3
    Automated teller machine
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Automatic teller machine "

Q:

Which state owned bank of India has decided to exit its South Africa operations?

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  • 1
    Punjab National Bank
    Correct
    Wrong
  • 2
    Bank of Baroda
    Correct
    Wrong
  • 3
    IDBI Bank
    Correct
    Wrong
  • 4
    Axis bank
    Correct
    Wrong
  • 5
    Canara Bank
    Correct
    Wrong
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Answer : 2. "Bank of Baroda"

Q:

If a cheque is presented for payment after six months from the date of the cheque it is called ______

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  • 1
    Bearer Cheque
    Correct
    Wrong
  • 2
    Order Cheque
    Correct
    Wrong
  • 3
    Open Cheque
    Correct
    Wrong
  • 4
    Stale Cheque
    Correct
    Wrong
  • 5
    Mutilated Cheque
    Correct
    Wrong
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Answer : 4. "Stale Cheque"

Q:

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

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  • 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:

Debenture holders of a company are its 

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  • 1
    Debtors
    Correct
    Wrong
  • 2
    Directors
    Correct
    Wrong
  • 3
    Shareholders
    Correct
    Wrong
  • 4
    Creditors
    Correct
    Wrong
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Answer : 4. "Creditors "

Q:

Which public sector bank has tied up with Action Construction Equipment Ltd. to finance farm machinery through the branches of the bank? 

1517 0

  • 1
    OBC
    Correct
    Wrong
  • 2
    BOI
    Correct
    Wrong
  • 3
    SBI
    Correct
    Wrong
  • 4
    UCO Bank
    Correct
    Wrong
  • 5
    PNB
    Correct
    Wrong
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Answer : 5. "PNB"

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