Account and Finance Practice Question and Answer

Q:

The government notified a hike in the foreign direct investment (FDI) limit in pension fund management to what percent under the national pension system (NPS)?

866 0

  • 1
    74%
    Correct
    Wrong
  • 2
    100%
    Correct
    Wrong
  • 3
    49%
    Correct
    Wrong
  • 4
    64%
    Correct
    Wrong
  • 5
    70%
    Correct
    Wrong
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Answer : 1. "74%"

Q:

The difference between exports and imports is called?

865 0

  • 1
    Assets and liabilities
    Correct
    Wrong
  • 2
    Balance of payment
    Correct
    Wrong
  • 3
    GDP
    Correct
    Wrong
  • 4
    Balance of trade
    Correct
    Wrong
  • 5
    Depreciation
    Correct
    Wrong
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Answer : 5. "Depreciation"

Q:

Among the following international currencies which one is NOT included in the SDR basket of IMF? 

864 0

  • 1
    Australian Dollar
    Correct
    Wrong
  • 2
    Euro
    Correct
    Wrong
  • 3
    Renminbi
    Correct
    Wrong
  • 4
    Yen
    Correct
    Wrong
  • 5
    Pound Sterling
    Correct
    Wrong
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Answer : 1. "Australian Dollar "

Q:

India's first international stock exchange 'India INX' is wholly subsidiary of 

858 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    BSE
    Correct
    Wrong
  • 4
    NSE
    Correct
    Wrong
  • 5
    SBI
    Correct
    Wrong
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Answer : 3. "BSE"

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 "

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:

Which of the following test(in Banking) is a measure to prove that the jewellery was handed over from the past generation?

818 0

  • 1
    Heredity Test
    Correct
    Wrong
  • 2
    Ancestral Test
    Correct
    Wrong
  • 3
    Heirloom Test
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 3. "Heirloom Test"

Q:

FDR is:

813 0

  • 1
    Fix Date Rate
    Correct
    Wrong
  • 2
    Fixed Deposit Receipt
    Correct
    Wrong
  • 3
    Full Date Rate
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Fixed Deposit Receipt"

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