Account and Finance Practice Question and Answer
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Q: _________ is a cheque written by the drawer(payer) for a date in the future.
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5e69cedb0b8b1e6afc20b373- 1Bearer Chequefalse
- 2Anti-Dated Chequefalse
- 3Open Chequefalse
- 4Post-Dated Chequetrue
- 5Crossed Chequefalse
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- SingleChoice
Answer : 4. "Post-Dated Cheque"
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)?
1406 06125ee047c2fc04f2bea5e50
6125ee047c2fc04f2bea5e50- 174%true
- 2100%false
- 349%false
- 464%false
- 570%false
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Answer : 1. "74%"
Q: When the prices of commodities, goods and services start declining consistently, the phenomenon is known as:
1402 05ee202662bf4c4044646c393
5ee202662bf4c4044646c393- 1Discount fieldfalse
- 2Deflationtrue
- 3Negative growthfalse
- 4Market capitalismfalse
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Answer : 2. "Deflation"
Q: In which year National Electronic Fund Transfer started in India?
1389 05e69c3d50b8b1e6afc207f20
5e69c3d50b8b1e6afc207f20- 12004false
- 22002false
- 32006false
- 42005true
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Answer : 4. "2005"
Q: FCCB stands for:
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5fc758c6d0af4c56f5e72fc6- 1Finance and Currency Controller Boardfalse
- 2Foreign Currency Convertible Bondtrue
- 3Foreign Collection for Cash Boardfalse
- 4Foreign Collection for Credit Boardfalse
- 5None of thesefalse
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Answer : 2. "Foreign Currency Convertible Bond "
Q: What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?
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62beb40925fd051a6564cd43- 128%true
- 210%false
- 318%false
- 432%false
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Answer : 1. "28%"
Q: Which Organisation/Ministry is the Custodian of Foreign Reserves in India?
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5e7835b3e8e6613a385cfde3- 1Finance Ministryfalse
- 2Foreign Ministryfalse
- 3Reserve Bank of India(RBI)true
- 4None is Correctfalse
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Answer : 3. "Reserve Bank of India(RBI)"
Q: The applicable interest rate per annum for Kisan Credit Cards is 9%, for a maximum credit limit of
1354 05e7839a6f012602a3deedfd9
5e7839a6f012602a3deedfd9- 1Rs. 1 lakhfalse
- 2Rs. 2 lakhfalse
- 3Rs. 3 lakhtrue
- 4Rs. 4 lakhfalse
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Answer : 3. "Rs. 3 lakh"
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