Account and Finance Practice Question and Answer

Q:

What is the Validity of a cheque?

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

Q:

Bank overdraft limit for Account holders of PMJDY increased to?

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  • 1
    Rs.15,000
    Correct
    Wrong
  • 2
    Rs.20,000
    Correct
    Wrong
  • 3
    Rs.10,000
    Correct
    Wrong
  • 4
    Rs.5,000
    Correct
    Wrong
  • 5
    Rs.25,000
    Correct
    Wrong
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Answer : 3. "Rs.10,000"

Q:

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

1095 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:

Accounts in which shares of various companies are traded in electronic form are called:

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  • 1
    Demat Accounts
    Correct
    Wrong
  • 2
    Revenue Accounts
    Correct
    Wrong
  • 3
    E- Accounts
    Correct
    Wrong
  • 4
    Saving accounts
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Demat Accounts"

Q:

"DD" in banking term stands for:

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  • 1
    Demand Cheque
    Correct
    Wrong
  • 2
    Doordarshan
    Correct
    Wrong
  • 3
    Demand Draft
    Correct
    Wrong
  • 4
    None of These
    Correct
    Wrong
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Answer : 3. "Demand Draft"

Q:

FCCB stands for:

1020 0

  • 1
    Finance and Currency Controller Board
    Correct
    Wrong
  • 2
    Foreign Currency Convertible Bond
    Correct
    Wrong
  • 3
    Foreign Collection for Cash Board
    Correct
    Wrong
  • 4
    Foreign Collection for Credit Board
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Foreign Currency Convertible Bond "

Q:

HDFC stands for:

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  • 1
    Higher Development Finance Corporation
    Correct
    Wrong
  • 2
    Housing Development Finance Corporation
    Correct
    Wrong
  • 3
    Himachal Development Finance Corporation
    Correct
    Wrong
  • 4
    Human Development Finance corporation
    Correct
    Wrong
  • 5
    None of These
    Correct
    Wrong
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Answer : 2. "Housing Development Finance Corporation"

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?

827 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"

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