Account and Finance Questions Practice Question and Answer
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Q: Who was the first Governor of Reserve Bank of India?
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61b74d5e8fe2311103b01362- 1Sir Osworn A. smithtrue
- 2Sir James B. Tailorfalse
- 3Sir C.D. Deshmukhfalse
- 4Sir V.R. Raofalse
- 5None of thesefalse
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Answer : 1. "Sir Osworn A. smith"
Q: Which of the following is not a function of Reserve Bank of India?
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61b76012993630653cf4e433- 1Providing credit facilities to the general publicfalse
- 2Keeping government money in different heads of accountsfalse
- 3Keeping the country's foreign exchange reserves in safe custodyfalse
- 4Formulating monetary and credit policyfalse
- 5All functions of Reserve Bank of Indiatrue
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Answer : 5. "All functions of Reserve Bank of India "
Q: Which of the following is not correctly matched?
Bank Nationalization year
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61b74e9a8fe2311103b0167e- 1State Bank of Indore -1959false
- 2Allahabad Bank 1959true
- 3Andhra Bank -1980false
- 4Bank of Baroda -1969false
- 5None of the abovefalse
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Answer : 2. "Allahabad Bank 1959"
Q: Normally a bank does not have to deal with __________ related issues of the following.
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61b764257fd9195ddf2d9383- 1Payment and Settlement Systemfalse
- 2Contractual rights of creditorsfalse
- 3Intellectual Property Rightstrue
- 4Bankruptcy casesfalse
- 5Coordination among regulators operating in the banking financial sectorsfalse
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Answer : 3. "Intellectual Property Rights"
Q: Goods whose demand is proportional to price are called
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62cd647031b6d201552ccc54- 1normal goodsfalse
- 2exclusive goodsfalse
- 3inferior goodsfalse
- 4Veblen goodstrue
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Answer : 4. "Veblen goods"
Q: Inflation in India is measured on which of the following index?
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61b7625e993630653cf4e5e7- 1Living Expenditure Index ( COLI )false
- 2Consumer Price Index ( CPI )false
- 3Gross Domestic Productfalse
- 4Wholesale Price Index ( WPI )true
- 5None of thesefalse
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Answer : 4. "Wholesale Price Index ( WPI )"
Q: The availability of cash and other marketable instruments like cash, which are useful for purchase and investment, is generally called.
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61b761a77a5b3510e9c6341e- 1Cash Crunchfalse
- 2Liquidityfalse
- 3Credittrue
- 4Marketabilityfalse
- 5None of thesefalse
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Answer : 3. "Credit"
Q: Which of the following agencies / bodies has asked all foreign funds to register themselves as Foreign Institutional Investors (Flls) before making any investment in India?
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61b762d97a5b3510e9c636ed- 1RBIfalse
- 2SEBItrue
- 3IBAfalse
- 4Registrar of Companiesfalse
- 5None of thesefalse
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Answer : 2. "SEBI"
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