Account and Finance Practice Question and Answer

Q:

BHIM Stands for _______

1428 0

  • 1
    Bharat Interface for Money
    Correct
    Wrong
  • 2
    Bharat Heavy Interface for Money
    Correct
    Wrong
  • 3
    Bharat Heavy Interface Money
    Correct
    Wrong
  • 4
    Bharat High Interface for Money
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Bharat Interface for Money"

Q:

_________Bank has introduced the first Credit Card in India.

1415 0

  • 1
    Union Bank of India
    Correct
    Wrong
  • 2
    UTI Bank
    Correct
    Wrong
  • 3
    Axis Bank
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    Bank of India
    Correct
    Wrong
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Answer : 4. "Central Bank of India"

Q:

GST stands for_____

1410 0

  • 1
    Goods and Services Tax
    Correct
    Wrong
  • 2
    Growth and Service Tax
    Correct
    Wrong
  • 3
    Growth and Sale Tax
    Correct
    Wrong
  • 4
    Goods and Sales Tax
    Correct
    Wrong
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Answer : 1. "Goods and Services Tax"

Q:

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

1403 0

  • 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:

Concept of "Service Area Approach" was recommended by :

1402 0

  • 1
    R.V. Gupta
    Correct
    Wrong
  • 2
    A.D. Gorawala
    Correct
    Wrong
  • 3
    Dr. P.D. Ojha Committee
    Correct
    Wrong
  • 4
    Dr. Kalia
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "R.V. Gupta "

Q:

The reserves which can act as liquidity buffer for commercial banks during crisis times are:

1393 0

  • 1
    CRR and SLR
    Correct
    Wrong
  • 2
    Only CRR
    Correct
    Wrong
  • 3
    Only SLR
    Correct
    Wrong
  • 4
    Reverse Repo rate
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "CRR and SLR"

Q:

____________ Bank has introduced first ATM in India.

1376 0

  • 1
    SBI
    Correct
    Wrong
  • 2
    ICICI
    Correct
    Wrong
  • 3
    HSBC
    Correct
    Wrong
  • 4
    Axis
    Correct
    Wrong
  • 5
    City Bank
    Correct
    Wrong
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Answer : 3. "HSBC"

Q:

Corporate loans are offered to applicants who have established their business for how many years in India? 

1376 0

  • 1
    5
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    7
    Correct
    Wrong
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Answer : 1. "5"

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