Account and Finance Practice Question and Answer

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:

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:

Among the following international currencies which one is NOT included in the SDR basket of IMF? 

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  • 1
    Australian Dollar
    Correct
    Wrong
  • 2
    Euro
    Correct
    Wrong
  • 3
    Renminbi
    Correct
    Wrong
  • 4
    Yen
    Correct
    Wrong
  • 5
    Pound Sterling
    Correct
    Wrong
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Answer : 1. "Australian Dollar "

Q:

The process of remitting foreign money to a country is called ______

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  • 1
    Inward Remittance
    Correct
    Wrong
  • 2
    Foreign Remittance
    Correct
    Wrong
  • 3
    Commercial banking
    Correct
    Wrong
  • 4
    Wholesale banking
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Inward Remittance"

Q:

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

1516 0

  • 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:

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has signed a memorandum of understanding (MoU) with which payments bank to facilitate opening of bank accounts for construction workers?

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  • 1
    Jio Payments Bank
    Correct
    Wrong
  • 2
    Paytm Payments Bank
    Correct
    Wrong
  • 3
    Airtel Payments Bank
    Correct
    Wrong
  • 4
    India Post Payments Bank
    Correct
    Wrong
  • 5
    Fino Payments Bank
    Correct
    Wrong
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Answer : 4. "India Post Payments Bank"

Q:

Where has opened the World's first IAEA Low Enriched Uranium (LEU) Bank ? 

1495 0

  • 1
    Afghanistan
    Correct
    Wrong
  • 2
    Kazakhstan
    Correct
    Wrong
  • 3
    Turkmenistan
    Correct
    Wrong
  • 4
    Uzbekistan
    Correct
    Wrong
  • 5
    Iran
    Correct
    Wrong
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Answer : 2. "Kazakhstan "

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