Account and Finance Practice Question and Answer

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:

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

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  • 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? 

1200 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:

The applicable interest rate per annum for Kisan Credit Cards is 9%, for a maximum credit limit of

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  • 1
    Rs. 1 lakh
    Correct
    Wrong
  • 2
    Rs. 2 lakh
    Correct
    Wrong
  • 3
    Rs. 3 lakh
    Correct
    Wrong
  • 4
    Rs. 4 lakh
    Correct
    Wrong
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Answer : 3. "Rs. 3 lakh"

Q:

What is 'B' stands for in "CIBIL"(related to credit ratings)?

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  • 1
    Bureau
    Correct
    Wrong
  • 2
    Base
    Correct
    Wrong
  • 3
    Bank
    Correct
    Wrong
  • 4
    Benchmark
    Correct
    Wrong
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Answer : 1. "Bureau"

Q:

What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?

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  • 1
    28%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    32%
    Correct
    Wrong
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Answer : 1. "28%"

Q:

Which Organisation/Ministry is the Custodian of Foreign Reserves in India?

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  • 1
    Finance Ministry
    Correct
    Wrong
  • 2
    Foreign Ministry
    Correct
    Wrong
  • 3
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 4
    None is Correct
    Correct
    Wrong
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Answer : 3. "Reserve Bank of India(RBI)"

Q:

BSE SENSEX Constitutes ____ number of companies.

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  • 1
    30
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    50
    Correct
    Wrong
  • 4
    60
    Correct
    Wrong
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Answer : 1. "30"

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