Account and Finance Questions Practice Question and Answer
8 Q: When was the first Savings Bank established in Hamburg?
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61b334688b0b930f5301d8c1- 11760false
- 21765true
- 31770false
- 41775false
- 5None of thesefalse
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Answer : 2. "1765"
Q: The FRBMA was enacted in 2003, which set targets for the government to reduce fiscal deficits. What does FRBMA stand for?
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63072d53e864816d0050c2bb- 1Fiscal Relations and Budget Maintenance Actfalse
- 2Financial Relations and Budget Management Actfalse
- 3Financial Responsibility and Budget Maintenance Actfalse
- 4Fiscal Responsibility and Budget Management Acttrue
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Answer : 4. "Fiscal Responsibility and Budget Management Act"
Q: In which year, RBI was nationalized?
575 062de83f7313eb40eb8a034bc
62de83f7313eb40eb8a034bc- 11939false
- 21949true
- 31959false
- 41969false
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Answer : 2. "1949"
Q: Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India
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61d84b28498f632d55002414A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India
- 1Only (A)false
- 2Only (B)false
- 3Only (A) and (B)false
- 4All (A), (B) and (C)true
- 5Only (B) and (C)false
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Answer : 4. "All (A), (B) and (C) "
Q: Which of the following country is the largest lender of America?
568 061b7652f7a5b3510e9c63fc5
61b7652f7a5b3510e9c63fc5- 1Britainfalse
- 2Japanfalse
- 3Chinatrue
- 4Brazilfalse
- 5Indiafalse
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Answer : 3. "China"
Q: Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.
563 062e9f9a84404a856fa178dda
62e9f9a84404a856fa178dda- 1(a) Oligopoly, (b) Pure competitiontrue
- 2(a) Monopolistic competition, (b) Oligopolyfalse
- 3(a) Pure Monopoly, (b) Pure competitionfalse
- 4(a) Oligopoly, (b) Pure Monopolyfalse
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Answer : 1. "(a) Oligopoly, (b) Pure competition"
Q: Which method comes under qualitative control?
560 061b33389bcb1f45db0a6b70b
61b33389bcb1f45db0a6b70b- 1Open Market Activitiestrue
- 2Direct actionfalse
- 3Publicityfalse
- 4Moral persuasionfalse
- 52,3 and 4false
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Answer : 1. "Open Market Activities"
Q: Which of the following banks has launched a new product to provide a short-term working capital demand loan to its MSME clients?
549 062ecdac355c5be5841eb0fcc
62ecdac355c5be5841eb0fcc- 1SBItrue
- 2ICICIfalse
- 3Axis Bankfalse
- 4HDFC Bankfalse
- 5Yes Bankfalse
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Answer : 1. "SBI"
Explanation :
State Bank of India today said it has launched a new product to provide short-term working capital demand loans to its MSME clients.