Account and Finance Practice Question and Answer

Q:

Which among the following banks form the “Imperial Bank of India” in 1921

2454 0

  • 1
    Bank of Bombay
    Correct
    Wrong
  • 2
    Bank of Madras
    Correct
    Wrong
  • 3
    Bank of Bengal
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 4. "All of the Above"

Q:

Financial planning is required when

2360 0

  • 1
    one has no income
    Correct
    Wrong
  • 2
    one is flushed with funds
    Correct
    Wrong
  • 3
    one has no expense to incur
    Correct
    Wrong
  • 4
    one is illiterate
    Correct
    Wrong
  • 5
    income level is sufficient to meet the expenses
    Correct
    Wrong
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Answer : 5. "income level is sufficient to meet the expenses"

Q:

Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934?

2343 0

  • 1
    Bank rate
    Correct
    Wrong
  • 2
    Reverse Repo Rate
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    CRR
    Correct
    Wrong
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Answer : 4. "CRR "

Q:

The first RRB of India Prathama Bank was established in which year?

2331 0

  • 1
    1975
    Correct
    Wrong
  • 2
    1976
    Correct
    Wrong
  • 3
    1980
    Correct
    Wrong
  • 4
    1969
    Correct
    Wrong
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Answer : 1. "1975"

Q:

Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 as?

2257 0

  • 1
    Private Limited
    Correct
    Wrong
  • 2
    Public limited
    Correct
    Wrong
  • 3
    Unlimited
    Correct
    Wrong
  • 4
    Limited Liability Partnership
    Correct
    Wrong
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Answer : 2. "Public limited "

Q:

SCORES stands for

2248 0

  • 1
    SEBI Complaints Redress System
    Correct
    Wrong
  • 2
    Special Complaints Redress System
    Correct
    Wrong
  • 3
    SBI Complaints Redress System
    Correct
    Wrong
  • 4
    SIDBI Complaints Redress System
    Correct
    Wrong
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Answer : 1. "SEBI Complaints Redress System"

Q:

Name the first Payment Bank of India that launches integrated UPI on its digital plat form. 

2188 0

  • 1
    Airtel Payments Bank
    Correct
    Wrong
  • 2
    Paytm Payments Bank
    Correct
    Wrong
  • 3
    India Post Payments Bank
    Correct
    Wrong
  • 4
    FINO Payments Bank
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Airtel Payments Bank "

Q:

Who is the chairperson of the Monetary Policy Committee of India? 

2182 0

  • 1
    RBI Governor
    Correct
    Wrong
  • 2
    Prime Minister
    Correct
    Wrong
  • 3
    Finance Minister
    Correct
    Wrong
  • 4
    Chief Economic Advisor
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 1. "RBI Governor "

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