Account and Finance Practice Question and Answer
8 Q: Which bank has launched a ‘SIM Binding’ feature in its digital banking platforms to protect customers from various frauds?
1058 06125db2a7c2fc04f2bea2212
6125db2a7c2fc04f2bea2212- 1Union Bank of Indiafalse
- 2HDFC Bankfalse
- 3Yes Bankfalse
- 4ICICI Bankfalse
- 5State Bank of Indiatrue
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Answer : 5. "State Bank of India"
Q: Which one of the following is not an instrument of credit control in India?
1053 0606c2fb5affa2d5265b4e4ab
606c2fb5affa2d5265b4e4ab- 1Open Market operationsfalse
- 2Variable cost reserve ratiostrue
- 3Rationing of creditfalse
- 4Direct Actionfalse
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Answer : 2. "Variable cost reserve ratios "
Q: Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?
1044 062be9c091d322d793f527a72
62be9c091d322d793f527a72- 1Reserve Bank of Indiatrue
- 2Comptroller and Auditor General of Indiafalse
- 3Ministry of Financefalse
- 4State Bank of Indiafalse
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Answer : 1. "Reserve Bank of India"
Q: Medium-term loans are provided for a period of _____.
1040 060338b1ded952b1532dde895
60338b1ded952b1532dde895- 115 months to 4 yearsfalse
- 21 year to 3 yearstrue
- 31 year to 2 yearsfalse
- 415 months to 3 yearsfalse
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Answer : 2. "1 year to 3 years"
Q: Which amongst the following is not a component of monetary policy in India?
1039 0606c2deb6a85553684ddde56
606c2deb6a85553684ddde56- 1Credit Ratingfalse
- 2Public Debttrue
- 3Repo ratefalse
- 4Moral suasionfalse
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Answer : 2. "Public Debt "
Q: Accounts in which shares of various companies are traded in electronic form are called:
1038 05fc75a31907913387b00e7f3
5fc75a31907913387b00e7f3- 1Demat Accountstrue
- 2Revenue Accountsfalse
- 3E- Accountsfalse
- 4Saving accountsfalse
- 5None of thesefalse
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Answer : 1. "Demat Accounts"
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
1034 061b751737a5b3510e9c5eabe
61b751737a5b3510e9c5eabe- 1(a) and (b) onlytrue
- 2Only (b)false
- 3(c) onlyfalse
- 4Only (a)false
- 5None of thesefalse
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Answer : 1. "(a) and (b) only"
Q: Mutual Funds are required to be registered with :
1033 05fc7511d0cb33424ae8b53b6
5fc7511d0cb33424ae8b53b6- 1AMFIfalse
- 2SEBItrue
- 3IBAfalse
- 4RBIfalse
- 5FCATfalse
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