Account and Finance Practice Question and Answer

Q:

When was the currency system in India converted into decimal system?

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  • 1
    1st April 1949
    Correct
    Wrong
  • 2
    1st April 1959
    Correct
    Wrong
  • 3
    1st April 1957
    Correct
    Wrong
  • 4
    1st April 1969
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "1st April 1957"

Q:

If cheque is issued by a bank in the same city as the payee, the cheque will be called

2468 1

  • 1
    Outstation Cheque
    Correct
    Wrong
  • 2
    Local Cheque
    Correct
    Wrong
  • 3
    At par Cheque
    Correct
    Wrong
  • 4
    None of These
    Correct
    Wrong
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Answer : 2. "Local Cheque"

Q:

Which is the largest commercial bank in India?

2465 0

  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Axis Bank
    Correct
    Wrong
  • 3
    State Bank of India
    Correct
    Wrong
  • 4
    HDFC
    Correct
    Wrong
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Answer : 3. "State Bank of India "

Q:

17 Which of these banks was not associated with the State Bank of India in 1959? 

2456 0

  • 1
    State Bank of Patna
    Correct
    Wrong
  • 2
    State Bank of Indore
    Correct
    Wrong
  • 3
    State Bank of Bikaner
    Correct
    Wrong
  • 4
    State Bank of Hyderabad
    Correct
    Wrong
  • 5
    State Bank of Jaipur
    Correct
    Wrong
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Answer : 1. "State Bank of Patna "

Q:

Which subsidiary bank was merged with the State Bank of India on August 13, 2008?

2453 0

  • 1
    State Bank of Hyderabad
    Correct
    Wrong
  • 2
    State Bank of Indore
    Correct
    Wrong
  • 3
    State Bank of Mysore
    Correct
    Wrong
  • 4
    State Bank of Saurashtra
    Correct
    Wrong
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Answer : 4. "State Bank of Saurashtra "

Q:

In which year, the first bank of India "Bank of Hindustan" was established ? 

2449 0

  • 1
    1865
    Correct
    Wrong
  • 2
    1894
    Correct
    Wrong
  • 3
    1806
    Correct
    Wrong
  • 4
    1809
    Correct
    Wrong
  • 5
    1770
    Correct
    Wrong
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Answer : 5. "1770"

Q:

National Insurance Academy located in ________.

2440 0

  • 1
    Chennai
    Correct
    Wrong
  • 2
    Calcutta
    Correct
    Wrong
  • 3
    Pune
    Correct
    Wrong
  • 4
    Hyderabad
    Correct
    Wrong
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Answer : 3. "Pune"

Q:

Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as _______________. 

2436 0

  • 1
    Inflation
    Correct
    Wrong
  • 2
    Letter of Credit (L/C)
    Correct
    Wrong
  • 3
    Laissez-faire
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 2. "Letter of Credit (L/C) "

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