Account and Finance Practice Question and Answer

Q:

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

1765 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"

Q:

The government notified a hike in the foreign direct investment (FDI) limit in pension fund management to what percent under the national pension system (NPS)?

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  • 1
    74%
    Correct
    Wrong
  • 2
    100%
    Correct
    Wrong
  • 3
    49%
    Correct
    Wrong
  • 4
    64%
    Correct
    Wrong
  • 5
    70%
    Correct
    Wrong
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Answer : 1. "74%"

Q:

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

1756 0

  • 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:

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

1742 0

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

Q:

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as:

1737 0

  • 1
    Discount field
    Correct
    Wrong
  • 2
    Deflation
    Correct
    Wrong
  • 3
    Negative growth
    Correct
    Wrong
  • 4
    Market capitalism
    Correct
    Wrong
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Answer : 2. "Deflation"

Q:

In which year National Electronic Fund Transfer started in India? 

1732 0

  • 1
    2004
    Correct
    Wrong
  • 2
    2002
    Correct
    Wrong
  • 3
    2006
    Correct
    Wrong
  • 4
    2005
    Correct
    Wrong
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Answer : 4. "2005"

Q:

_________ is a cheque written by the drawer(payer) for a date in the future.

1712 0

  • 1
    Bearer Cheque
    Correct
    Wrong
  • 2
    Anti-Dated Cheque
    Correct
    Wrong
  • 3
    Open Cheque
    Correct
    Wrong
  • 4
    Post-Dated Cheque
    Correct
    Wrong
  • 5
    Crossed Cheque
    Correct
    Wrong
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Answer : 4. "Post-Dated Cheque"

Q:

____________ became India’s first all woman bank.

1709 0

  • 1
    Dhanlaxmi Bank
    Correct
    Wrong
  • 2
    Lakshmi Vilas Bank
    Correct
    Wrong
  • 3
    Suryodaya Finance Bank
    Correct
    Wrong
  • 4
    Bharatiya Mahila Bank
    Correct
    Wrong
  • 5
    Utkarsh Finance Bank
    Correct
    Wrong
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Answer : 4. "Bharatiya Mahila Bank"

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