Account and Finance Practice Question and Answer
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Q: A reverse mortgage is a special kind of home loan for
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5e783c19f012602a3deee648- 1Government Employees without any securityfalse
- 2Senior Citizenstrue
- 3Beneficiaries under Below Poverty Line Criteriafalse
- 4All of the Abovefalse
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Answer : 2. "Senior Citizens"
Q: The process of remitting foreign money to a country is called ______
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5e69d0a2755e9d6ad85d340d- 1Inward Remittancetrue
- 2Foreign Remittancefalse
- 3Commercial bankingfalse
- 4Wholesale bankingfalse
- 5None of thesefalse
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Answer : 1. "Inward Remittance"
Q: The upper limit per UPI transaction is __________.
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5e69ccbd0b8b1e6afc20a40e- 110000false
- 220000false
- 350000false
- 41 lakhtrue
- 5None of thesefalse
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Answer : 4. "1 lakh"
Q: FDR is:
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5fc7533eb3b23538af6ce5c3- 1Fix Date Ratefalse
- 2Fixed Deposit Receipttrue
- 3Full Date Ratefalse
- 4All of the abovefalse
- 5None of thesefalse
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Answer : 2. "Fixed Deposit Receipt"
Q: The applicable interest rate per annum for Kisan Credit Cards is 9%, for a maximum credit limit of
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5e7839a6f012602a3deedfd9- 1Rs. 1 lakhfalse
- 2Rs. 2 lakhfalse
- 3Rs. 3 lakhtrue
- 4Rs. 4 lakhfalse
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Answer : 3. "Rs. 3 lakh"
Q: Deen Dayal Upadhyaya Gram Jyoti Yojana is a scheme of Govt. of India designed to pro- vide continuous electricity to rural India, was launched in –
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5e97d19bfc7e7a3060b944ea- 12013false
- 22014false
- 32015true
- 42016false
- 5None of the given optionsfalse
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Answer : 3. "2015 "
Q: What is 'B' stands for in "CIBIL"(related to credit ratings)?
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5e783dacbd40023a1fd372d0- 1Bureautrue
- 2Basefalse
- 3Bankfalse
- 4Benchmarkfalse
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Answer : 1. "Bureau"
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 "
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