Account and Finance Practice Question and Answer

Q:

ESIC Works under which of the following ministry?

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  • 1
    Ministry of Home Affairs
    Correct
    Wrong
  • 2
    Ministry Rural Development
    Correct
    Wrong
  • 3
    Ministry of Finance
    Correct
    Wrong
  • 4
    Ministry of Personnel and Public grievance
    Correct
    Wrong
  • 5
    Ministry of Labour and Employment
    Correct
    Wrong
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Answer : 5. "Ministry of Labour and Employment"

Q:

Which financial institution has launched new health insurance plan called Arogya Rakshak?

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  • 1
    IRDAI
    Correct
    Wrong
  • 2
    SIDBI
    Correct
    Wrong
  • 3
    SBI
    Correct
    Wrong
  • 4
    SEBI
    Correct
    Wrong
  • 5
    LIC
    Correct
    Wrong
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Answer : 5. "LIC"

Q:

The tools of fiscal policy are

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  • 1
    bank rate
    Correct
    Wrong
  • 2
    repo rate
    Correct
    Wrong
  • 3
    Reverse Repo Rate
    Correct
    Wrong
  • 4
    Public debt
    Correct
    Wrong
  • 5
    CRR rate
    Correct
    Wrong
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Answer : 4. "Public debt"

Q:

RBI absorbs liquidity in the system through :

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  • 1
    Repo
    Correct
    Wrong
  • 2
    Reverse Repo
    Correct
    Wrong
  • 3
    Both A and B
    Correct
    Wrong
  • 4
    Either A or B
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Reverse Repo"

Q:

Bank overdraft limit for Account holders of PMJDY increased to?

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  • 1
    Rs.15,000
    Correct
    Wrong
  • 2
    Rs.20,000
    Correct
    Wrong
  • 3
    Rs.10,000
    Correct
    Wrong
  • 4
    Rs.5,000
    Correct
    Wrong
  • 5
    Rs.25,000
    Correct
    Wrong
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Answer : 3. "Rs.10,000"

Q:

Which of the following banks has launched a new product to provide a short-term working capital demand loan to its MSME clients?

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  • 1
    SBI
    Correct
    Wrong
  • 2
    ICICI
    Correct
    Wrong
  • 3
    Axis Bank
    Correct
    Wrong
  • 4
    HDFC Bank
    Correct
    Wrong
  • 5
    Yes Bank
    Correct
    Wrong
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Answer : 1. "SBI"
Explanation :

State Bank of India today said it has launched a new product to provide short-term working capital demand loans to its MSME clients.

Q:

Credit Foncier was first established in France in the year 1952. He is called the father of land mortgage banks. When was the first co-operative land-mortgage bank established in our country in Punjab?

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  • 1
    1920
    Correct
    Wrong
  • 2
    1925
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1940
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "1920"

Q:

The theory of distribution relates to which of the following?

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  • 1
    The distribution of assets
    Correct
    Wrong
  • 2
    The distribution of income
    Correct
    Wrong
  • 3
    The distribution of factor payments
    Correct
    Wrong
  • 4
    Equality in the distribution of the income and wealth
    Correct
    Wrong
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Answer : 4. "Equality in the distribution of the income and wealth"

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