Account and Finance Practice Question and Answer

Q:

Who was the First Deputy Governor of Reserve Bank of India (RBI)?

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  • 1
    Osborne Smith
    Correct
    Wrong
  • 2
    HO Hume
    Correct
    Wrong
  • 3
    Lord Canning
    Correct
    Wrong
  • 4
    James B.Taylor
    Correct
    Wrong
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Answer : 1. "Osborne Smith"

Q:

Which of the following is the nodal agency of Unstructured Supplementary Service Data (USSD) Service?

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  • 1
    NPCI
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    SBI
    Correct
    Wrong
  • 4
    SEBI
    Correct
    Wrong
  • 5
    FBI
    Correct
    Wrong
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Answer : 1. "NPCI"

Q:

What is the full form of ASBA:

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  • 1
    Allotment supported by Blocked Amount
    Correct
    Wrong
  • 2
    Application supported by Blocked Amount
    Correct
    Wrong
  • 3
    Application supported by Bank Amount
    Correct
    Wrong
  • 4
    Allotment supported by Bank Account
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Application supported by Blocked Amount"

Q:

Which country has unveiled recently World's first train that operates on a virtual track using sensor technology?  

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  • 1
    Japan
    Correct
    Wrong
  • 2
    China
    Correct
    Wrong
  • 3
    India
    Correct
    Wrong
  • 4
    Bangladesh
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "China "

Q:

FDR is:

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  • 1
    Fix Date Rate
    Correct
    Wrong
  • 2
    Fixed Deposit Receipt
    Correct
    Wrong
  • 3
    Full Date Rate
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Fixed Deposit Receipt"

Q:

On which date was the Reserve Bank of India established?

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  • 1
    April 1, 1935
    Correct
    Wrong
  • 2
    July 12, 1982
    Correct
    Wrong
  • 3
    January 1, 1949
    Correct
    Wrong
  • 4
    August 15, 1947
    Correct
    Wrong
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Answer : 1. "April 1, 1935"

Q:

The upper limit per UPI transaction is __________.

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  • 1
    10000
    Correct
    Wrong
  • 2
    20000
    Correct
    Wrong
  • 3
    50000
    Correct
    Wrong
  • 4
    1 lakh
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "1 lakh"

Q:

A reverse mortgage is a special kind of home loan for

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  • 1
    Government Employees without any security
    Correct
    Wrong
  • 2
    Senior Citizens
    Correct
    Wrong
  • 3
    Beneficiaries under Below Poverty Line Criteria
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 2. "Senior Citizens"

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