Account and Finance Practice Question and Answer

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:

Finance Minister Arun Jaitley had launched new tax payer service module, called –

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  • 1
    Aaykar Setu
    Correct
    Wrong
  • 2
    Aaykar Sahayta
    Correct
    Wrong
  • 3
    Aaykar Mitra
    Correct
    Wrong
  • 4
    Aaykar Sathi
    Correct
    Wrong
  • 5
    None of above
    Correct
    Wrong
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Answer : 1. "Aaykar Setu "

Q:

Digital wallet company Paytm has launched 'Paytm Money' app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at how much rupees per month?

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  • 1
    Rs 300
    Correct
    Wrong
  • 2
    Rs 400
    Correct
    Wrong
  • 3
    Rs 200
    Correct
    Wrong
  • 4
    Rs 500
    Correct
    Wrong
  • 5
    Rs 100
    Correct
    Wrong
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Answer : 5. "Rs 100"

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:

Which of the following test(in Banking) is a measure to prove that the jewellery was handed over from the past generation?

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  • 1
    Heredity Test
    Correct
    Wrong
  • 2
    Ancestral Test
    Correct
    Wrong
  • 3
    Heirloom Test
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 3. "Heirloom Test"

Q:

India's first international stock exchange 'India INX' is wholly subsidiary of 

1247 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    BSE
    Correct
    Wrong
  • 4
    NSE
    Correct
    Wrong
  • 5
    SBI
    Correct
    Wrong
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Answer : 3. "BSE"

Q:

Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?

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  • 1
    Reserve Bank of India
    Correct
    Wrong
  • 2
    Comptroller and Auditor General of India
    Correct
    Wrong
  • 3
    Ministry of Finance
    Correct
    Wrong
  • 4
    State Bank of India
    Correct
    Wrong
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Answer : 1. "Reserve Bank of India"

Q:

Which of the following is an example of Representative Money?

1237 0

  • 1
    Gold
    Correct
    Wrong
  • 2
    Silver
    Correct
    Wrong
  • 3
    Tobacco
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • 5
    All of these
    Correct
    Wrong
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Answer : 5. "All of these"

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