Account and Finance Questions Practice Question and Answer

Q:

Mutual Funds are required to be registered with :

699 0

  • 1
    AMFI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    IBA
    Correct
    Wrong
  • 4
    RBI
    Correct
    Wrong
  • 5
    FCAT
    Correct
    Wrong
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Answer : 2. "SEBI"

Q:

RBI absorbs liquidity in the system through :

681 0

  • 1
    Repo
    Correct
    Wrong
  • 2
    Reverse Repo
    Correct
    Wrong
  • 3
    Both A and B
    Correct
    Wrong
  • 4
    Either A or B
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Reverse Repo"

Q:

Electronic Fund Transfer scheme of RBI has been renamed as :

1333 0

  • 1
    Clearing
    Correct
    Wrong
  • 2
    Core Banking Solutions
    Correct
    Wrong
  • 3
    Real Time Gross Settlement
    Correct
    Wrong
  • 4
    National Electronic Fund Transfer
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "National Electronic Fund Transfer"

Q:

Concept of "Service Area Approach" was recommended by :

1110 0

  • 1
    R.V. Gupta
    Correct
    Wrong
  • 2
    A.D. Gorawala
    Correct
    Wrong
  • 3
    Dr. P.D. Ojha Committee
    Correct
    Wrong
  • 4
    Dr. Kalia
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "R.V. Gupta "

Q:

Debenture holders of a company are its 

1099 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:

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

1742 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:

Which among the following is recently declared as first economic fugitive of India?

988 0

  • 1
    Lalit Modi
    Correct
    Wrong
  • 2
    Nirav Modi
    Correct
    Wrong
  • 3
    Vijay Mallya
    Correct
    Wrong
  • 4
    Mehul choksi
    Correct
    Wrong
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Answer : 3. "Vijay Mallya "

Q:

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as:

944 0

  • 1
    Discount field
    Correct
    Wrong
  • 2
    Deflation
    Correct
    Wrong
  • 3
    Negative growth
    Correct
    Wrong
  • 4
    Market capitalism
    Correct
    Wrong
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Answer : 2. "Deflation"

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