Account and Finance Practice Question and Answer

Q:

If cheque is issued by a bank in the same city as the payee, the cheque will be called

1447 1

  • 1
    Outstation Cheque
    Correct
    Wrong
  • 2
    Local Cheque
    Correct
    Wrong
  • 3
    At par Cheque
    Correct
    Wrong
  • 4
    None of These
    Correct
    Wrong
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Answer : 2. "Local Cheque"

Q:

The process of remitting foreign money to a country is called ______

832 0

  • 1
    Inward Remittance
    Correct
    Wrong
  • 2
    Foreign Remittance
    Correct
    Wrong
  • 3
    Commercial banking
    Correct
    Wrong
  • 4
    Wholesale banking
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Inward Remittance"

Q:

First Bank established in India was

1178 0

  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Bank of Hindustan
    Correct
    Wrong
  • 3
    Bank of Bharat
    Correct
    Wrong
  • 4
    Bank of Agra
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Bank of Hindustan"

Q:

Headquarter of IRDAI is located at

1331 0

  • 1
    Mumbai
    Correct
    Wrong
  • 2
    Chennai
    Correct
    Wrong
  • 3
    Ahmedabad
    Correct
    Wrong
  • 4
    Hyderabad
    Correct
    Wrong
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Answer : 4. "Hyderabad"

Q:

NREGA was renamed with the name of

1250 0

  • 1
    Indira Gandhi
    Correct
    Wrong
  • 2
    Rajiv Gandhi
    Correct
    Wrong
  • 3
    Mahatma Gandhi
    Correct
    Wrong
  • 4
    Sonia Gandhi
    Correct
    Wrong
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Answer : 3. "Mahatma Gandhi"

Q:

Mutual Funds investments can be effectively canvassed among

2239 0

  • 1
    Only Salaried persons
    Correct
    Wrong
  • 2
    Students availing education loans
    Correct
    Wrong
  • 3
    HNI customers
    Correct
    Wrong
  • 4
    sunrise industries
    Correct
    Wrong
  • 5
    poor farmers
    Correct
    Wrong
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Answer : 3. "HNI customers"

Q:

What Street Name is used to refer to the RBI? 

4822 0

  • 1
    Reserve Street
    Correct
    Wrong
  • 2
    Credit Street
    Correct
    Wrong
  • 3
    Mint Street
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 3. "Mint Street "

Q:

What is 'B' stands for in "CIBIL"(related to credit ratings)?

937 0

  • 1
    Bureau
    Correct
    Wrong
  • 2
    Base
    Correct
    Wrong
  • 3
    Bank
    Correct
    Wrong
  • 4
    Benchmark
    Correct
    Wrong
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Answer : 1. "Bureau"

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