Account and Finance Practice Question and Answer
8 Q: Which of the following banks has launched a new product to provide a short-term working capital demand loan to its MSME clients?
549 062ecdac355c5be5841eb0fcc
62ecdac355c5be5841eb0fcc- 1SBItrue
- 2ICICIfalse
- 3Axis Bankfalse
- 4HDFC Bankfalse
- 5Yes Bankfalse
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Answer : 1. "SBI"
Explanation :
State Bank of India today said it has launched a new product to provide short-term working capital demand loans to its MSME clients.
Q: Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?
545 062be9c091d322d793f527a72
62be9c091d322d793f527a72- 1Reserve Bank of Indiatrue
- 2Comptroller and Auditor General of Indiafalse
- 3Ministry of Financefalse
- 4State Bank of Indiafalse
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Answer : 1. "Reserve Bank of India"
Q: Teaser Rates are related to which of the following types of loans?
545 061d849d00499556d96bac49b
61d849d00499556d96bac49b- 1Home Loanstrue
- 2Personal Loansfalse
- 3Auto Loansfalse
- 4Reverse Mortgage Loansfalse
- 5Crop Loansfalse
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Answer : 1. "Home Loans "
Q: According to the existing norms, the permission of which of the following has to be taken for mergers and acquisitions in the corporate sector apart from the Reserve Bank of India?
(a) The High Court of the State concerned
(b) Union Cabinet
(c) the cabinets of the respective states
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61b751737a5b3510e9c5eabe- 1(a) and (b) onlytrue
- 2Only (b)false
- 3(c) onlyfalse
- 4Only (a)false
- 5None of thesefalse
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Answer : 1. "(a) and (b) only"
Q: Functional finance is related to
535 061b32ba745c0db34860dac23
61b32ba745c0db34860dac23- 1Monetary policyfalse
- 2Fiscal policytrue
- 3Five year planfalse
- 4Bothfalse
- 5None of thesefalse
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Answer : 2. "Fiscal policy"
Q: The Financial Sector Appraisal Committee (CFSA) constituted by the Reserve Bank of India has also recommended some reforms in which of the following laws existing in India?
533 061b7638b7a5b3510e9c63a1a
61b7638b7a5b3510e9c63a1a- 1Taxation Lawfalse
- 2Commercial lawfalse
- 3Banking Regulation Lawtrue
- 4Property lawfalse
- 5All of the abovefalse
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Answer : 3. "Banking Regulation Law"
Q: Which of the following branch of the World Bank was formed in the year 1992 for quick financial action and innovation activities?
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61b766d37a5b3510e9c64397- 1IFCfalse
- 2IDFtrue
- 3MIGAfalse
- 4ICSIDfalse
- 5None of thesefalse
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Answer : 2. "IDF"
Q: IMF and World Bank are considered as such institutions
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61b74fb1993630653cf48536- 1Which strengthens international economic cooperation and helps in building a more stable and prosperous global economyfalse
- 2IMF promotes international monetary cooperation.false
- 3The World Bank promotes long-term economic growth and supports poverty reductionfalse
- 4All of the abovetrue
- 5None of the abovefalse
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