Account and Finance Practice Question and Answer

Q:

The Government of India had started the insurance scheme for the agriculture sector. Which of the following is the name of this scheme?

691 0

  • 1
    NAIS
    Correct
    Wrong
  • 2
    RIDF
    Correct
    Wrong
  • 3
    AICIL
    Correct
    Wrong
  • 4
    CACP
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "NAIS"

Q:

Teaser Rates are related to which of the following types of loans?

681 0

  • 1
    Home Loans
    Correct
    Wrong
  • 2
    Personal Loans
    Correct
    Wrong
  • 3
    Auto Loans
    Correct
    Wrong
  • 4
    Reverse Mortgage Loans
    Correct
    Wrong
  • 5
    Crop Loans
    Correct
    Wrong
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Answer : 1. "Home Loans "

Q:

Which commission in India in 1926 AD. Explaining the need for reforms in the prevailing monetary and credit system, suggested the establishment of a central bank?

669 0

  • 1
    Butler Commission
    Correct
    Wrong
  • 2
    Simon Commission
    Correct
    Wrong
  • 3
    Hilton Young Commission
    Correct
    Wrong
  • 4
    Jonathan Commission
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Hilton Young Commission"

Q:

IMF and World Bank are considered as such institutions

668 0

  • 1
    Which strengthens international economic cooperation and helps in building a more stable and prosperous global economy
    Correct
    Wrong
  • 2
    IMF promotes international monetary cooperation.
    Correct
    Wrong
  • 3
    The World Bank promotes long-term economic growth and supports poverty reduction
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
  • 5
    None of the above
    Correct
    Wrong
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Answer : 4. "All of the above"

Q:

Goods whose demand is proportional to price are called

665 0

  • 1
    normal goods
    Correct
    Wrong
  • 2
    exclusive goods
    Correct
    Wrong
  • 3
    inferior goods
    Correct
    Wrong
  • 4
    Veblen goods
    Correct
    Wrong
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Answer : 4. "Veblen goods"

Q:

In the banking world, when the loan given by the bank to any person or organization is not returned by the borrower, knowingly or for any other reason, then it is called.

(A) Standard Asset

(B) Non-Junk Asset

(C) Overdraft

664 0

  • 1
    only ( A )
    Correct
    Wrong
  • 2
    only ( B )
    Correct
    Wrong
  • 3
    only ( C )
    Correct
    Wrong
  • 4
    Only (A) and (B) both
    Correct
    Wrong
  • 5
    none of these
    Correct
    Wrong
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Answer : 2. "only ( B )"

Q:

Which of the following is not correctly matched?

Bank Nationalization year

663 0

  • 1
    State Bank of Indore -1959
    Correct
    Wrong
  • 2
    Allahabad Bank 1959
    Correct
    Wrong
  • 3
    Andhra Bank -1980
    Correct
    Wrong
  • 4
    Bank of Baroda -1969
    Correct
    Wrong
  • 5
    None of the above
    Correct
    Wrong
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Answer : 2. "Allahabad Bank 1959"

Q:

Which of the following agencies / bodies has asked all foreign funds to register themselves as Foreign Institutional Investors (Flls) before making any investment in India?

663 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    IBA
    Correct
    Wrong
  • 4
    Registrar of Companies
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "SEBI"

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