Account and Finance Questions Practice Question and Answer

Q:

Who has given the concept that 'Bad Money drives Good Money out of circulation? 

894 0

  • 1
    Robert Giffen
    Correct
    Wrong
  • 2
    Thomas Gresham
    Correct
    Wrong
  • 3
    J. R. Hicks
    Correct
    Wrong
  • 4
    W.J. Baumol
    Correct
    Wrong
  • 5
    Alfred Marshall
    Correct
    Wrong
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Answer : 2. "Thomas Gresham"

Q:

Commercial Paper can be issued in the de- nomination of – 

933 0

  • 1
    25,000
    Correct
    Wrong
  • 2
    50,000
    Correct
    Wrong
  • 3
    1,00,000
    Correct
    Wrong
  • 4
    5,00,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "5,00,000 "

Q:

Name the first Payment Bank of India that launches integrated UPI on its digital plat form. 

1542 0

  • 1
    Airtel Payments Bank
    Correct
    Wrong
  • 2
    Paytm Payments Bank
    Correct
    Wrong
  • 3
    India Post Payments Bank
    Correct
    Wrong
  • 4
    FINO Payments Bank
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Airtel Payments Bank "

Q:

In which year RBI introduced cheque truncation system? 

1078 0

  • 1
    2005
    Correct
    Wrong
  • 2
    2006
    Correct
    Wrong
  • 3
    2008
    Correct
    Wrong
  • 4
    2010
    Correct
    Wrong
  • 5
    2013
    Correct
    Wrong
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Answer : 3. "2008 "

Q:

Who is the chairperson of the Monetary Policy Committee of India? 

1500 0

  • 1
    RBI Governor
    Correct
    Wrong
  • 2
    Prime Minister
    Correct
    Wrong
  • 3
    Finance Minister
    Correct
    Wrong
  • 4
    Chief Economic Advisor
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 1. "RBI Governor "

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:

Which among the following is considered to be the most liquid asset? 

14338 0

  • 1
    Bitcoin
    Correct
    Wrong
  • 2
    Gold
    Correct
    Wrong
  • 3
    Cheque
    Correct
    Wrong
  • 4
    T - bill
    Correct
    Wrong
  • 5
    Money
    Correct
    Wrong
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Answer : 5. "Money "

Q:

Which is India's first company to open with White Label ATMs? 

1962 0

  • 1
    Airtel Finance Ltd
    Correct
    Wrong
  • 2
    Muthoot Finance
    Correct
    Wrong
  • 3
    Vakrangee Ltd.
    Correct
    Wrong
  • 4
    Hitachi money spot
    Correct
    Wrong
  • 5
    Tata indicash
    Correct
    Wrong
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Answer : 5. "Tata indicash "

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