Account and Finance Practice Question and Answer

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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  • 1
    2013
    Correct
    Wrong
  • 2
    2014
    Correct
    Wrong
  • 3
    2015
    Correct
    Wrong
  • 4
    2016
    Correct
    Wrong
  • 5
    None of the given options
    Correct
    Wrong
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Answer : 3. "2015 "

Q:

FCCB stands for:

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  • 1
    Finance and Currency Controller Board
    Correct
    Wrong
  • 2
    Foreign Currency Convertible Bond
    Correct
    Wrong
  • 3
    Foreign Collection for Cash Board
    Correct
    Wrong
  • 4
    Foreign Collection for Credit Board
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Foreign Currency Convertible Bond "

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:

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:

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:

According to the existing norms, the permission of which of the following has to be taken for mergers and acquisitions in the corporate sector apart from the Reserve Bank of India?

(a) The High Court of the State concerned

(b) Union Cabinet

(c) the cabinets of the respective states

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  • 1
    (a) and (b) only
    Correct
    Wrong
  • 2
    Only (b)
    Correct
    Wrong
  • 3
    (c) only
    Correct
    Wrong
  • 4
    Only (a)
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "(a) and (b) only"

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:

Accounts in which shares of various companies are traded in electronic form are called:

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  • 1
    Demat Accounts
    Correct
    Wrong
  • 2
    Revenue Accounts
    Correct
    Wrong
  • 3
    E- Accounts
    Correct
    Wrong
  • 4
    Saving accounts
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Demat Accounts"

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