Account and Finance Questions Practice Question and Answer

Q:

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

14353 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:

What happens when CRR is increased? 

6741 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:

For using safe deposit locker facility, bank customer's pay______ . 

4815 0

  • 1
    Interest on locker
    Correct
    Wrong
  • 2
    Rent on locker
    Correct
    Wrong
  • 3
    Commission on locker
    Correct
    Wrong
  • 4
    Safe custody charges
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rent on locker"

Q:

The first Indian bank to open a branch on foreign soil? 

4745 0

  • 1
    Bank of Baroda
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    Allahabad Bank
    Correct
    Wrong
  • 5
    State Bank of India
    Correct
    Wrong
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Answer : 2. "Bank of India "

Q:

Which among the following statements is not true about the Banking Ombudsman (BO)?

2221 0

  • 1
    BO was first setup in UK.
    Correct
    Wrong
  • 2
    He hears customers ' complaints against banks
    Correct
    Wrong
  • 3
    Tenure of BO is 3 years at a time.
    Correct
    Wrong
  • 4
    RBI started this scheme in 1995.
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "RBI started this scheme in 1995. "

Q:

In which year ‘Hilton Young Commission’ recommends the establishment of a central bank? 

2151 0

  • 1
    1921
    Correct
    Wrong
  • 2
    1926
    Correct
    Wrong
  • 3
    1931
    Correct
    Wrong
  • 4
    1934
    Correct
    Wrong
  • 5
    1935
    Correct
    Wrong
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Answer : 2. "1926 "

Q:

Name the first bank in India to introduce biodegradable cards. 

2057 0

  • 1
    Axis Bank
    Correct
    Wrong
  • 2
    HDFC Bank
    Correct
    Wrong
  • 3
    Yes Bank
    Correct
    Wrong
  • 4
    ICICI Bank
    Correct
    Wrong
  • 5
    Laxmi Vilas Bank
    Correct
    Wrong
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Answer : 1. "Axis Bank"

Q:

Oudh Commercial Bank was founded in the year 

2045 0

  • 1
    1881
    Correct
    Wrong
  • 2
    1865
    Correct
    Wrong
  • 3
    1894
    Correct
    Wrong
  • 4
    1806
    Correct
    Wrong
  • 5
    1895
    Correct
    Wrong
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Answer : 1. "1881 "

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