Account and Finance Questions Practice Question and Answer

Q:

Digital wallet company Paytm has launched 'Paytm Money' app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at how much rupees per month?

791 0

  • 1
    Rs 300
    Correct
    Wrong
  • 2
    Rs 400
    Correct
    Wrong
  • 3
    Rs 200
    Correct
    Wrong
  • 4
    Rs 500
    Correct
    Wrong
  • 5
    Rs 100
    Correct
    Wrong
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Answer : 5. "Rs 100"

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:

Among the following international currencies which one is NOT included in the SDR basket of IMF? 

851 0

  • 1
    Australian Dollar
    Correct
    Wrong
  • 2
    Euro
    Correct
    Wrong
  • 3
    Renminbi
    Correct
    Wrong
  • 4
    Yen
    Correct
    Wrong
  • 5
    Pound Sterling
    Correct
    Wrong
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Answer : 1. "Australian Dollar "

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 "

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