Account and Finance Practice Question and Answer

Q:

In which year, the first bank of India "Bank of Hindustan" was established ? 

1725 0

  • 1
    1865
    Correct
    Wrong
  • 2
    1894
    Correct
    Wrong
  • 3
    1806
    Correct
    Wrong
  • 4
    1809
    Correct
    Wrong
  • 5
    1770
    Correct
    Wrong
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Answer : 5. "1770"

Q:

Which was the first bank to introduce Internet banking?

3138 0

  • 1
    Canara Bank
    Correct
    Wrong
  • 2
    ICICI Bank
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    State Bank of India
    Correct
    Wrong
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Answer : 2. "ICICI Bank"

Q:

In which type of banking, electronic financial transactions are done?

5623 0

  • 1
    E-Banking
    Correct
    Wrong
  • 2
    POS Banking
    Correct
    Wrong
  • 3
    M-Banking
    Correct
    Wrong
  • 4
    Universal Banking
    Correct
    Wrong
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Answer : 1. "E-Banking"

Q:

What is the full form of EFT?

2263 0

  • 1
    Electronic Funds Transfer
    Correct
    Wrong
  • 2
    Efficient Funds Transfer
    Correct
    Wrong
  • 3
    Effective Funds Transfer
    Correct
    Wrong
  • 4
    Electronic Foreign Transfer
    Correct
    Wrong
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Answer : 1. "Electronic Funds Transfer"

Q:

What is the full form of CRR?

2050 0

  • 1
    Cash Reserve Rate
    Correct
    Wrong
  • 2
    Cash Reserve Ratio
    Correct
    Wrong
  • 3
    Cash Recession Ratio
    Correct
    Wrong
  • 4
    Core Reserve Rate
    Correct
    Wrong
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Answer : 2. "Cash Reserve Ratio"

Q:

Which bank has launched the first contactless debit, credit and multi-currency forex card?

2507 0

  • 1
    Axis Bank
    Correct
    Wrong
  • 2
    ICICI Bank
    Correct
    Wrong
  • 3
    HDFC Bank
    Correct
    Wrong
  • 4
    SBI
    Correct
    Wrong
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Answer : 1. "Axis Bank"

Q:

Name the micro finance company that becomes the first to start operation as a commercial bank?

2096 0

  • 1
    PayTm Bank
    Correct
    Wrong
  • 2
    Vodafone m-Pesa Bank
    Correct
    Wrong
  • 3
    Yes Bank
    Correct
    Wrong
  • 4
    Bandhan Bank
    Correct
    Wrong
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Answer : 4. "Bandhan Bank"

Q:

When was the Oriental Life Insurance Company established?

2041 0

  • 1
    1818
    Correct
    Wrong
  • 2
    1834
    Correct
    Wrong
  • 3
    1907
    Correct
    Wrong
  • 4
    1938
    Correct
    Wrong
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Answer : 1. "1818"

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