Account and Finance Practice Question and Answer

Q:

Which Organisation/Government is the administrator of Financial Inclusion Fund (FIF)?

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  • 1
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 2
    NABARD
    Correct
    Wrong
  • 3
    Union Government of India
    Correct
    Wrong
  • 4
    Particular Government of the related State
    Correct
    Wrong
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Answer : 3. "Union Government of India"

Q:

The applicable interest rate per annum for Kisan Credit Cards is 9%, for a maximum credit limit of

958 0

  • 1
    Rs. 1 lakh
    Correct
    Wrong
  • 2
    Rs. 2 lakh
    Correct
    Wrong
  • 3
    Rs. 3 lakh
    Correct
    Wrong
  • 4
    Rs. 4 lakh
    Correct
    Wrong
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Answer : 3. "Rs. 3 lakh"

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:

National Investment and Infrastructure Fund(NIIF) is recently established by the Union Government. It is an Alternate investment Fund (AIF) of

1278 0

  • 1
    category I
    Correct
    Wrong
  • 2
    category II
    Correct
    Wrong
  • 3
    category III
    Correct
    Wrong
  • 4
    category IV
    Correct
    Wrong
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Answer : 2. "category II"

Q:

Which organisation/ministry is the nodal agency to provide licenses to e-commerce companies?

2528 0

  • 1
    Finance Ministry
    Correct
    Wrong
  • 2
    Corporate Ministry
    Correct
    Wrong
  • 3
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 4
    Department of Industrial Policy and Promotion (DIPP)
    Correct
    Wrong
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Answer : 4. "Department of Industrial Policy and Promotion (DIPP)"

Q:

Who was the First Deputy Governor of Reserve Bank of India (RBI)?

919 0

  • 1
    Osborne Smith
    Correct
    Wrong
  • 2
    HO Hume
    Correct
    Wrong
  • 3
    Lord Canning
    Correct
    Wrong
  • 4
    James B.Taylor
    Correct
    Wrong
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Answer : 1. "Osborne Smith"

Q:

Which Organisation/Ministry is the Custodian of Foreign Reserves in India?

903 0

  • 1
    Finance Ministry
    Correct
    Wrong
  • 2
    Foreign Ministry
    Correct
    Wrong
  • 3
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 4
    None is Correct
    Correct
    Wrong
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Answer : 3. "Reserve Bank of India(RBI)"

Q:

When was the currency system in India converted into decimal system?

1629 0

  • 1
    1st April 1949
    Correct
    Wrong
  • 2
    1st April 1959
    Correct
    Wrong
  • 3
    1st April 1957
    Correct
    Wrong
  • 4
    1st April 1969
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "1st April 1957"

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