Account and Finance Questions Practice Question and Answer
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Q: What is the upper limit of annual household income for microfinance borrowers in rural areas?
472 06441220732185cce374b418d
6441220732185cce374b418d- 1₹1.5 lakhfalse
- 2₹1 lakhfalse
- 3₹1.25 lakhtrue
- 4₹2 lakhfalse
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Answer : 3. "₹1.25 lakh"
Q: In which year, the first bank of India "Bank of Hindustan" was established ?
1725 05e902b52f681623fa56118bb
5e902b52f681623fa56118bb- 11865false
- 21894false
- 31806false
- 41809false
- 51770true
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Answer : 5. "1770"
Q: Who was the Finance Minister of India when Banking Nationalization was done in 1969?
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5e902c9cce0a3938e2c83875- 1Morarji Desaifalse
- 2Indira Gandhitrue
- 3Yashwantrao Chavanfalse
- 4Chidambaram Subramaniamfalse
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Answer : 2. "Indira Gandhi "
Q: What happens when CRR is increased?
6742 05e95685a52a551440d0d0bc4
5e95685a52a551440d0d0bc4- 1It decreases the money supplyfalse
- 2It increases the money supplyfalse
- 3It decreases inflationfalse
- 4Only 1 & 3true
- 5All of the abovefalse
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Answer : 4. "Only 1 & 3 "
Q: Finance Minister Arun Jaitley had launched new tax payer service module, called –
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5e97d43f6c81a33ea7b9592c- 1Aaykar Setutrue
- 2Aaykar Sahaytafalse
- 3Aaykar Mitrafalse
- 4Aaykar Sathifalse
- 5None of abovefalse
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Answer : 1. "Aaykar Setu "
Q: Asset Reconstruction Companies are regulated by-
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5ea27d414401a11507e55e4a- 1SEBIfalse
- 2RBItrue
- 3GOIfalse
- 4FCIfalse
- 5IDBIfalse
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Answer : 2. "RBI "
Q: Medium-term loans are provided for a period of _____.
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60338b1ded952b1532dde895- 115 months to 4 yearsfalse
- 21 year to 3 yearstrue
- 31 year to 2 yearsfalse
- 415 months to 3 yearsfalse
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Answer : 2. "1 year to 3 years"
Q: Which of the following is one of the Open Market Operations by the Reserve Bank of India?
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647a1cf7411cb5478d8bc702- 1Buying and selling of bonds issued by the Government in the open markettrue
- 2Only selling of bonds issued by the Government in the open marketfalse
- 3Only buying of bonds issued by the Government in the open marketfalse
- 4Buying and selling of bonds issued by commercial banks in the open marketfalse
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Answer : 1. "Buying and selling of bonds issued by the Government in the open market"
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