Account and Finance Practice Question and Answer
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Q: If cheque is issued by a bank in the same city as the payee, the cheque will be called
2562 15da4380ffac0ed7fa90c5d36
5da4380ffac0ed7fa90c5d36- 1Outstation Chequefalse
- 2Local Chequetrue
- 3At par Chequefalse
- 4None of Thesefalse
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Answer : 2. "Local Cheque"
Q: When was the currency system in India converted into decimal system?
2553 05e69d152755e9d6ad85d3760
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"
Q: Which is the largest commercial bank in India?
2534 05e7857cce8e6613a385d6369
5e7857cce8e6613a385d6369- 1Bank of Indiafalse
- 2Axis Bankfalse
- 3State Bank of Indiatrue
- 4HDFCfalse
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Answer : 3. "State Bank of India "
Q: National Insurance Academy located in ________.
2533 05e785bd6e8e6613a385d6720
5e785bd6e8e6613a385d6720- 1Chennaifalse
- 2Calcuttafalse
- 3Punetrue
- 4Hyderabadfalse
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Answer : 3. "Pune"
Q: Which of the following abbreviations is not related to banking?
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5e944821404ffa6995a88e25- 1NEFTfalse
- 2RTGSfalse
- 3MICRfalse
- 4BBPSfalse
- 5EFTAtrue
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Answer : 5. "EFTA "
Q: 17 Which of these banks was not associated with the State Bank of India in 1959?
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5e99b032ecf9e60deb7cadaf- 1State Bank of Patnatrue
- 2State Bank of Indorefalse
- 3State Bank of Bikanerfalse
- 4State Bank of Hyderabadfalse
- 5State Bank of Jaipurfalse
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Answer : 1. "State Bank of Patna "
Q: Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as _______________.
2521 05f1569aa9a713b0717c86869
5f1569aa9a713b0717c86869- 1Inflationfalse
- 2Letter of Credit (L/C)true
- 3Laissez-fairefalse
- 4None of the abovefalse
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Answer : 2. "Letter of Credit (L/C) "
Q: Which subsidiary bank was merged with the State Bank of India on August 13, 2008?
2518 05e785af0bd40023a1fd3c7f2
5e785af0bd40023a1fd3c7f2- 1State Bank of Hyderabadfalse
- 2State Bank of Indorefalse
- 3State Bank of Mysorefalse
- 4State Bank of Saurashtratrue
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Answer : 4. "State Bank of Saurashtra "
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