Account and Finance Questions Practice Question and Answer

Q:

What is the upper limit of annual household income for microfinance borrowers in rural areas?

457 0

  • 1
    ₹1.5 lakh
    Correct
    Wrong
  • 2
    ₹1 lakh
    Correct
    Wrong
  • 3
    ₹1.25 lakh
    Correct
    Wrong
  • 4
    ₹2 lakh
    Correct
    Wrong
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Answer : 3. "₹1.25 lakh"

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"

Q:

Which of the following is one of the Open Market Operations by the Reserve Bank of India?

327 0

  • 1
    Buying and selling of bonds issued by the Government in the open market
    Correct
    Wrong
  • 2
    Only selling of bonds issued by the Government in the open market
    Correct
    Wrong
  • 3
    Only buying of bonds issued by the Government in the open market
    Correct
    Wrong
  • 4
    Buying and selling of bonds issued by commercial banks in the open market
    Correct
    Wrong
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Answer : 1. "Buying and selling of bonds issued by the Government in the open market"

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