Account and Finance Practice Question and Answer

Q:

_________Bank has introduced the first Credit Card in India.

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  • 1
    Union Bank of India
    Correct
    Wrong
  • 2
    UTI Bank
    Correct
    Wrong
  • 3
    Axis Bank
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    Bank of India
    Correct
    Wrong
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Answer : 4. "Central Bank of India"

Q:

Concept of "Service Area Approach" was recommended by :

1110 0

  • 1
    R.V. Gupta
    Correct
    Wrong
  • 2
    A.D. Gorawala
    Correct
    Wrong
  • 3
    Dr. P.D. Ojha Committee
    Correct
    Wrong
  • 4
    Dr. Kalia
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "R.V. Gupta "

Q:

Debenture holders of a company are its 

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  • 1
    Debtors
    Correct
    Wrong
  • 2
    Directors
    Correct
    Wrong
  • 3
    Shareholders
    Correct
    Wrong
  • 4
    Creditors
    Correct
    Wrong
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Answer : 4. "Creditors "

Q:

In which year RBI introduced cheque truncation system? 

1095 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:

BHIM Stands for _______

1078 0

  • 1
    Bharat Interface for Money
    Correct
    Wrong
  • 2
    Bharat Heavy Interface for Money
    Correct
    Wrong
  • 3
    Bharat Heavy Interface Money
    Correct
    Wrong
  • 4
    Bharat High Interface for Money
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Bharat Interface for Money"

Q:

The reserves which can act as liquidity buffer for commercial banks during crisis times are:

1077 0

  • 1
    CRR and SLR
    Correct
    Wrong
  • 2
    Only CRR
    Correct
    Wrong
  • 3
    Only SLR
    Correct
    Wrong
  • 4
    Reverse Repo rate
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "CRR and SLR"

Q:

____________ Bank has introduced first ATM in India.

1060 0

  • 1
    SBI
    Correct
    Wrong
  • 2
    ICICI
    Correct
    Wrong
  • 3
    HSBC
    Correct
    Wrong
  • 4
    Axis
    Correct
    Wrong
  • 5
    City Bank
    Correct
    Wrong
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Answer : 3. "HSBC"

Q:

Corporate loans are offered to applicants who have established their business for how many years in India? 

1059 0

  • 1
    5
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    7
    Correct
    Wrong
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Answer : 1. "5"

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