Account and Finance Practice Question and Answer

Q:

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

1915 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) "

Q:

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

1913 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:

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

1890 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:

Which is the largest commercial bank in India?

1881 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:

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

1874 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:

Which of the following abbreviations is not related to banking? 

1864 0

  • 1
    NEFT
    Correct
    Wrong
  • 2
    RTGS
    Correct
    Wrong
  • 3
    MICR
    Correct
    Wrong
  • 4
    BBPS
    Correct
    Wrong
  • 5
    EFTA
    Correct
    Wrong
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Answer : 5. "EFTA "

Q:

Which of the following countries has the largest Mutual Fund market in the World? 

1844 0

  • 1
    USA
    Correct
    Wrong
  • 2
    Japan
    Correct
    Wrong
  • 3
    China
    Correct
    Wrong
  • 4
    Brazil
    Correct
    Wrong
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Answer : 1. "USA"

Q:

National Insurance Academy located in ________.

1811 0

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

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