Account and Finance Practice Question and Answer

Q:

Commercial Paper can be issued in the de- nomination of – 

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  • 1
    25,000
    Correct
    Wrong
  • 2
    50,000
    Correct
    Wrong
  • 3
    1,00,000
    Correct
    Wrong
  • 4
    5,00,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "5,00,000 "

Q:

What is the minimum paid-up equity capital for small finance banks?

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  • 1
    Rs 10 crore
    Correct
    Wrong
  • 2
    Rs 500 crore
    Correct
    Wrong
  • 3
    Rs 100 crore
    Correct
    Wrong
  • 4
    Rs 200 crore
    Correct
    Wrong
  • 5
    Rs 1000 crore
    Correct
    Wrong
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Answer : 3. "Rs 100 crore"

Q:

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as:

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  • 1
    Discount field
    Correct
    Wrong
  • 2
    Deflation
    Correct
    Wrong
  • 3
    Negative growth
    Correct
    Wrong
  • 4
    Market capitalism
    Correct
    Wrong
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Answer : 2. "Deflation"

Q:

_________ is a cheque written by the drawer(payer) for a date in the future.

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  • 1
    Bearer Cheque
    Correct
    Wrong
  • 2
    Anti-Dated Cheque
    Correct
    Wrong
  • 3
    Open Cheque
    Correct
    Wrong
  • 4
    Post-Dated Cheque
    Correct
    Wrong
  • 5
    Crossed Cheque
    Correct
    Wrong
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Answer : 4. "Post-Dated Cheque"

Q:

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

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

Q:

Who has given the concept that 'Bad Money drives Good Money out of circulation? 

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  • 1
    Robert Giffen
    Correct
    Wrong
  • 2
    Thomas Gresham
    Correct
    Wrong
  • 3
    J. R. Hicks
    Correct
    Wrong
  • 4
    W.J. Baumol
    Correct
    Wrong
  • 5
    Alfred Marshall
    Correct
    Wrong
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Answer : 2. "Thomas Gresham"

Q:

On which date was the Reserve Bank of India established?

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  • 1
    April 1, 1935
    Correct
    Wrong
  • 2
    July 12, 1982
    Correct
    Wrong
  • 3
    January 1, 1949
    Correct
    Wrong
  • 4
    August 15, 1947
    Correct
    Wrong
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Answer : 1. "April 1, 1935"

Q:

What is the upper age limit for Pradhan Mantri Jeevan Jyoti Bima Yojana renewable insurance scheme? 

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  • 1
    55 years
    Correct
    Wrong
  • 2
    60 years
    Correct
    Wrong
  • 3
    65 years
    Correct
    Wrong
  • 4
    50 years
    Correct
    Wrong
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Answer : 4. "50 years"

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