Account and Finance Questions Practice Question and Answer

Q:

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

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  • 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:

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

2130 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:

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

1698 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? 

6713 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 –

788 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 _____.

721 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"

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