Account and Finance Questions Practice Question and Answer

Q:

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

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  • 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:

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

14352 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:

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

1520 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:

Deen Dayal Upadhyaya Gram Jyoti Yojana is a scheme of Govt. of India designed to pro- vide continuous electricity to rural India, was launched in – 

915 0

  • 1
    2013
    Correct
    Wrong
  • 2
    2014
    Correct
    Wrong
  • 3
    2015
    Correct
    Wrong
  • 4
    2016
    Correct
    Wrong
  • 5
    None of the given options
    Correct
    Wrong
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Answer : 3. "2015 "

Q:

In which year, the first bank of India "Bank of Hindustan" was established ? 

1722 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? 

1004 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? 

6739 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 –

810 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 "

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