Account and Finance Questions Practice Question and Answer

Q:

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

1433 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:

Debenture holders of a company are its 

1071 0

  • 1
    Debtors
    Correct
    Wrong
  • 2
    Directors
    Correct
    Wrong
  • 3
    Shareholders
    Correct
    Wrong
  • 4
    Creditors
    Correct
    Wrong
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Answer : 4. "Creditors "

Q:

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

1700 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:

Who was the Finance Minister of India when Banking Nationalization was done in 1969? 

973 0

  • 1
    Morarji Desai
    Correct
    Wrong
  • 2
    Indira Gandhi
    Correct
    Wrong
  • 3
    Yashwantrao Chavan
    Correct
    Wrong
  • 4
    Chidambaram Subramaniam
    Correct
    Wrong
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Answer : 2. "Indira Gandhi "

Q:

What happens when CRR is increased? 

6715 0

  • 1
    It decreases the money supply
    Correct
    Wrong
  • 2
    It increases the money supply
    Correct
    Wrong
  • 3
    It decreases inflation
    Correct
    Wrong
  • 4
    Only 1 & 3
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 4. "Only 1 & 3 "

Q:

Finance Minister Arun Jaitley had launched new tax payer service module, called –

791 0

  • 1
    Aaykar Setu
    Correct
    Wrong
  • 2
    Aaykar Sahayta
    Correct
    Wrong
  • 3
    Aaykar Mitra
    Correct
    Wrong
  • 4
    Aaykar Sathi
    Correct
    Wrong
  • 5
    None of above
    Correct
    Wrong
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Answer : 1. "Aaykar Setu "

Q:

Asset Reconstruction Companies are regulated by- 

1125 0

  • 1
    SEBI
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    GOI
    Correct
    Wrong
  • 4
    FCI
    Correct
    Wrong
  • 5
    IDBI
    Correct
    Wrong
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Answer : 2. "RBI "

Q:

Medium-term loans are provided for a period of _____.

728 0

  • 1
    15 months to 4 years
    Correct
    Wrong
  • 2
    1 year to 3 years
    Correct
    Wrong
  • 3
    1 year to 2 years
    Correct
    Wrong
  • 4
    15 months to 3 years
    Correct
    Wrong
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Answer : 2. "1 year to 3 years"

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