Account and Finance Practice Question and Answer
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Q: The process of remitting foreign money to a country is called ______
832 05e69d0a2755e9d6ad85d340d
5e69d0a2755e9d6ad85d340d- 1Inward Remittancetrue
- 2Foreign Remittancefalse
- 3Commercial bankingfalse
- 4Wholesale bankingfalse
- 5None of thesefalse
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Answer : 1. "Inward Remittance"
Q: If a cheque is presented for payment after six months from the date of the cheque it is called ______
917 05e69cfa68fcee56af2fb80c8
5e69cfa68fcee56af2fb80c8- 1Bearer Chequefalse
- 2Order Chequefalse
- 3Open Chequefalse
- 4Stale Chequetrue
- 5Mutilated Chequefalse
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Answer : 4. "Stale Cheque"
Q: _________ is a cheque written by the drawer(payer) for a date in the future.
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5e69cedb0b8b1e6afc20b373- 1Bearer Chequefalse
- 2Anti-Dated Chequefalse
- 3Open Chequefalse
- 4Post-Dated Chequetrue
- 5Crossed Chequefalse
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Answer : 4. "Post-Dated Cheque"
Q: Which of the following is a fraud investigating agency in India?
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5e69ce4c755e9d6ad85d1e79- 1NEFTfalse
- 2IMPSfalse
- 3SWIFTfalse
- 4MZMfalse
- 5SFIOtrue
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Answer : 5. "SFIO"
Q: The upper limit per UPI transaction is __________.
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5e69ccbd0b8b1e6afc20a40e- 110000false
- 220000false
- 350000false
- 41 lakhtrue
- 5None of thesefalse
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Answer : 4. "1 lakh"
Q: BHIM Stands for _______
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5e69cc250b8b1e6afc209dbd- 1Bharat Interface for Moneytrue
- 2Bharat Heavy Interface for Moneyfalse
- 3Bharat Heavy Interface Moneyfalse
- 4Bharat High Interface for Moneyfalse
- 5None of thesefalse
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Answer : 1. "Bharat Interface for Money"
Q: Which of the following is an example of Representative Money?
800 05e69cb39755e9d6ad85d08d7
5e69cb39755e9d6ad85d08d7- 1Goldfalse
- 2Silverfalse
- 3Tobaccofalse
- 4None of thesefalse
- 5All of thesetrue
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Answer : 5. "All of these"
Q: How much % GST levied on Mobile Phones?
884 05e69c805755e9d6ad85cfebf
5e69c805755e9d6ad85cfebf- 112%true
- 228%false
- 35%false
- 418%false
- 5None of thesefalse
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Answer : 1. "12%"
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