Account and Finance Practice Question and Answer

Q:

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

943 0

  • 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:

In which year ‘Hilton Young Commission’ recommends the establishment of a central bank? 

2152 0

  • 1
    1921
    Correct
    Wrong
  • 2
    1926
    Correct
    Wrong
  • 3
    1931
    Correct
    Wrong
  • 4
    1934
    Correct
    Wrong
  • 5
    1935
    Correct
    Wrong
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Answer : 2. "1926 "

Q:

Oudh Commercial Bank was founded in the year 

2047 0

  • 1
    1881
    Correct
    Wrong
  • 2
    1865
    Correct
    Wrong
  • 3
    1894
    Correct
    Wrong
  • 4
    1806
    Correct
    Wrong
  • 5
    1895
    Correct
    Wrong
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Answer : 1. "1881 "

Q:

Imperial Bank of India was nationalized in which year? 

1403 0

  • 1
    1944
    Correct
    Wrong
  • 2
    1955
    Correct
    Wrong
  • 3
    1921
    Correct
    Wrong
  • 4
    1949
    Correct
    Wrong
  • 5
    1935
    Correct
    Wrong
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Answer : 2. "1955 "

Q:

The first Indian bank to open a branch on foreign soil? 

4746 0

  • 1
    Bank of Baroda
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    Allahabad Bank
    Correct
    Wrong
  • 5
    State Bank of India
    Correct
    Wrong
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Answer : 2. "Bank of India "

Q:

In which year were the Subsidiaries of SBI nationalized? 

1769 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1949
    Correct
    Wrong
  • 3
    1955
    Correct
    Wrong
  • 4
    1959
    Correct
    Wrong
  • 5
    1969
    Correct
    Wrong
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Answer : 4. "1959 "

Q:

Asset Reconstruction Companies are regulated by- 

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  • 1
    SEBI
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    GOI
    Correct
    Wrong
  • 4
    FCI
    Correct
    Wrong
  • 5
    IDBI
    Correct
    Wrong
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Answer : 2. "RBI "

Q:

RBI directed banks to provide doorstep banking facilities to- 

857 0

  • 1
    Poor women
    Correct
    Wrong
  • 2
    Citizens above 50 years of age
    Correct
    Wrong
  • 3
    Children below 15 years of age
    Correct
    Wrong
  • 4
    Scheduled tribe persons
    Correct
    Wrong
  • 5
    Differently abled persons
    Correct
    Wrong
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Answer : 5. "Differently abled persons "

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