Account and Finance Practice Question and Answer
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Q: Which of the following is true about merchant bank?
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5e69c51aee03046acc564fc3- 1Underwrites securities for corporationsfalse
- 2Advice clients on mergersfalse
- 3Involved in ownership of commercial venturesfalse
- 4All of the abovetrue
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Answer : 4. "All of the above"
Q: Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934?
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5e78560cbd40023a1fd3c26e- 1Bank ratefalse
- 2Reverse Repo Ratefalse
- 3SLRfalse
- 4CRRtrue
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Answer : 4. "CRR "
Q: Financial planning is required when
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5da43ebdd69109270473d81a- 1one has no incomefalse
- 2one is flushed with fundsfalse
- 3one has no expense to incurfalse
- 4one is illiteratefalse
- 5income level is sufficient to meet the expensestrue
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Answer : 5. "income level is sufficient to meet the expenses"
Q: Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 as?
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5e7855787c405e4e893a4ca6- 1Private Limitedfalse
- 2Public limitedtrue
- 3Unlimitedfalse
- 4Limited Liability Partnershipfalse
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Answer : 2. "Public limited "
Q: The first RRB of India Prathama Bank was established in which year?
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5e785b767c405e4e893a5062- 11975true
- 21976false
- 31980false
- 41969false
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Answer : 1. "1975"
Q: SCORES stands for
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5da434a57919e54a8e3d4fa2- 1SEBI Complaints Redress Systemtrue
- 2Special Complaints Redress Systemfalse
- 3SBI Complaints Redress Systemfalse
- 4SIDBI Complaints Redress Systemfalse
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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.
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5e97ceef2d9b54307c46a008- 1Airtel Payments Banktrue
- 2Paytm Payments Bankfalse
- 3India Post Payments Bankfalse
- 4FINO Payments Bankfalse
- 5None of thesefalse
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Answer : 1. "Airtel Payments Bank "
Q: When was the currency system in India converted into decimal system?
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5e69d152755e9d6ad85d3760- 11st April 1949false
- 21st April 1959false
- 31st April 1957true
- 41st April 1969false
- 5None of thesefalse
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Answer : 3. "1st April 1957"
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