Account and Finance Practice Question and Answer

Q:

A Debit Card Cam be issued to 

2226 0

  • 1
    Only Income tax assesses
    Correct
    Wrong
  • 2
    Only Professionals
    Correct
    Wrong
  • 3
    Only Women
    Correct
    Wrong
  • 4
    All farmers
    Correct
    Wrong
  • 5
    All savings account
    Correct
    Wrong
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Answer : 5. "All savings account"

Q:

Headquarter of IRDAI is located at

2199 0

  • 1
    Mumbai
    Correct
    Wrong
  • 2
    Chennai
    Correct
    Wrong
  • 3
    Ahmedabad
    Correct
    Wrong
  • 4
    Hyderabad
    Correct
    Wrong
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Answer : 4. "Hyderabad"

Q:

The commission charged by a broker is

2195 0

  • 1
    Brokerage Fee
    Correct
    Wrong
  • 2
    Brokerage Profit
    Correct
    Wrong
  • 3
    Brokerage Interest
    Correct
    Wrong
  • 4
    Brokerage Salary
    Correct
    Wrong
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Answer : 1. "Brokerage Fee"

Q:

ATMs cards are issued to a person who maintains the accounts of – 

2162 0

  • 1
    Saving account
    Correct
    Wrong
  • 2
    Term deposit account
    Correct
    Wrong
  • 3
    Current account
    Correct
    Wrong
  • 4
    Both 1 & 2
    Correct
    Wrong
  • 5
    Either 1 or 3
    Correct
    Wrong
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Answer : 5. "Either 1 or 3 "

Q:

Which Organisation/Government is the administrator of Financial Inclusion Fund (FIF)?

2129 0

  • 1
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 2
    NABARD
    Correct
    Wrong
  • 3
    Union Government of India
    Correct
    Wrong
  • 4
    Particular Government of the related State
    Correct
    Wrong
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Answer : 3. "Union Government of India"

Q:

Which of the following bank was fined 60 million rupees by RBI in June 2018?

2119 0

  • 1
    South Indian Bank
    Correct
    Wrong
  • 2
    Tamilnad Mercantile Bank Limited
    Correct
    Wrong
  • 3
    AP State Co-operative Bank
    Correct
    Wrong
  • 4
    Malleswaram Co-operative Bank Ltd
    Correct
    Wrong
  • 5
    Bardoli Nagarik Sahakari Bank Ltd
    Correct
    Wrong
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Answer : 2. "Tamilnad Mercantile Bank Limited"

Q:

The concept of Economic planning in India is derived from ________.

2111 0

  • 1
    USA
    Correct
    Wrong
  • 2
    UK
    Correct
    Wrong
  • 3
    Australia
    Correct
    Wrong
  • 4
    Russia
    Correct
    Wrong
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Answer : 4. "Russia"

Q:

What is the present number of Local Area Banks in India?

2096 0

  • 1
    3
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    5
    Correct
    Wrong
  • 4
    6
    Correct
    Wrong
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Answer : 4. "6"

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