Account and Finance Practice Question and Answer
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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: In which year ‘Hilton Young Commission’ recommends the establishment of a central bank?
2152 05eafc6464c5c6a1e28cd34cb
5eafc6464c5c6a1e28cd34cb- 11921false
- 21926true
- 31931false
- 41934false
- 51935false
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Answer : 2. "1926 "
Q: Oudh Commercial Bank was founded in the year
2047 05eafc5a38d1f47273b1c3f6b
5eafc5a38d1f47273b1c3f6b- 11881true
- 21865false
- 31894false
- 41806false
- 51895false
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Answer : 1. "1881 "
Q: Imperial Bank of India was nationalized in which year?
1403 05eafc524caa4f678cf74d8dd
5eafc524caa4f678cf74d8dd- 11944false
- 21955true
- 31921false
- 41949false
- 51935false
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Answer : 2. "1955 "
Q: The first Indian bank to open a branch on foreign soil?
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5eafc432caa4f678cf74d82f- 1Bank of Barodafalse
- 2Bank of Indiatrue
- 3Punjab National Bankfalse
- 4Allahabad Bankfalse
- 5State Bank of Indiafalse
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Answer : 2. "Bank of India "
Q: In which year were the Subsidiaries of SBI nationalized?
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5eafc343caa4f678cf74d524- 11935false
- 21949false
- 31955false
- 41959true
- 51969false
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Answer : 4. "1959 "
Q: Asset Reconstruction Companies are regulated by-
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5ea27d414401a11507e55e4a- 1SEBIfalse
- 2RBItrue
- 3GOIfalse
- 4FCIfalse
- 5IDBIfalse
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Answer : 2. "RBI "
Q: RBI directed banks to provide doorstep banking facilities to-
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5ea27b604401a11507e54c65- 1Poor womenfalse
- 2Citizens above 50 years of agefalse
- 3Children below 15 years of agefalse
- 4Scheduled tribe personsfalse
- 5Differently abled personstrue
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Answer : 5. "Differently abled persons "
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