Account and Finance Practice Question and Answer
8 5 Q:
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Q: Commercial Paper can be issued in the de- nomination of –
943 05e97cf831ef51c5f8d45175e
5e97cf831ef51c5f8d45175e- 125,000false
- 250,000false
- 31,00,000false
- 45,00,000true
- 5None of thesefalse
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Answer : 4. "5,00,000 "
Q: What is the minimum paid-up equity capital for small finance banks?
943 05fc75673907913387b00c198
5fc75673907913387b00c198- 1Rs 10 crorefalse
- 2Rs 500 crorefalse
- 3Rs 100 croretrue
- 4Rs 200 crorefalse
- 5Rs 1000 crorefalse
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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:
943 05ee202662bf4c4044646c393
5ee202662bf4c4044646c393- 1Discount fieldfalse
- 2Deflationtrue
- 3Negative growthfalse
- 4Market capitalismfalse
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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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5e69cedb0b8b1e6afc20b373- 1Bearer Chequefalse
- 2Anti-Dated Chequefalse
- 3Open Chequefalse
- 4Post-Dated Chequetrue
- 5Crossed Chequefalse
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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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5e783dacbd40023a1fd372d0- 1Bureautrue
- 2Basefalse
- 3Bankfalse
- 4Benchmarkfalse
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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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5e97d055fc7e7a3060b943ea- 1Robert Giffenfalse
- 2Thomas Greshamtrue
- 3J. R. Hicksfalse
- 4W.J. Baumolfalse
- 5Alfred Marshallfalse
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Answer : 2. "Thomas Gresham"
Q: On which date was the Reserve Bank of India established?
933 05e7852327c405e4e893a38a7
5e7852327c405e4e893a38a7- 1April 1, 1935true
- 2July 12, 1982false
- 3January 1, 1949false
- 4August 15, 1947false
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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?
933 05e69c364755e9d6ad85cefb2
5e69c364755e9d6ad85cefb2- 155 yearsfalse
- 260 yearsfalse
- 365 yearsfalse
- 450 yearstrue
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Answer : 4. "50 years"
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