Account and Finance Practice Question and Answer

Q:

Normally a bank does not have to deal with __________ related issues of the following.

500 0

  • 1
    Payment and Settlement System
    Correct
    Wrong
  • 2
    Contractual rights of creditors
    Correct
    Wrong
  • 3
    Intellectual Property Rights
    Correct
    Wrong
  • 4
    Bankruptcy cases
    Correct
    Wrong
  • 5
    Coordination among regulators operating in the banking financial sectors
    Correct
    Wrong
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Answer : 3. "Intellectual Property Rights"

Q:

Who was the first Governor of Reserve Bank of India?

497 0

  • 1
    Sir Osworn A. smith
    Correct
    Wrong
  • 2
    Sir James B. Tailor
    Correct
    Wrong
  • 3
    Sir C.D. Deshmukh
    Correct
    Wrong
  • 4
    Sir V.R. Rao
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Sir Osworn A. smith"

Q:

Goods whose demand is proportional to price are called

497 0

  • 1
    normal goods
    Correct
    Wrong
  • 2
    exclusive goods
    Correct
    Wrong
  • 3
    inferior goods
    Correct
    Wrong
  • 4
    Veblen goods
    Correct
    Wrong
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Answer : 4. "Veblen goods"

Q:

Which of the following is not a function of Reserve Bank of India?

493 0

  • 1
    Providing credit facilities to the general public
    Correct
    Wrong
  • 2
    Keeping government money in different heads of accounts
    Correct
    Wrong
  • 3
    Keeping the country's foreign exchange reserves in safe custody
    Correct
    Wrong
  • 4
    Formulating monetary and credit policy
    Correct
    Wrong
  • 5
    All functions of Reserve Bank of India
    Correct
    Wrong
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Answer : 5. "All functions of Reserve Bank of India "

Q:

Which of the following is not correctly matched?

Bank Nationalization year

492 0

  • 1
    State Bank of Indore -1959
    Correct
    Wrong
  • 2
    Allahabad Bank 1959
    Correct
    Wrong
  • 3
    Andhra Bank -1980
    Correct
    Wrong
  • 4
    Bank of Baroda -1969
    Correct
    Wrong
  • 5
    None of the above
    Correct
    Wrong
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Answer : 2. "Allahabad Bank 1959"

Q:

Inflation in India is measured on which of the following index?

487 0

  • 1
    Living Expenditure Index ( COLI )
    Correct
    Wrong
  • 2
    Consumer Price Index ( CPI )
    Correct
    Wrong
  • 3
    Gross Domestic Product
    Correct
    Wrong
  • 4
    Wholesale Price Index ( WPI )
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "Wholesale Price Index ( WPI )"

Q:

The availability of cash and other marketable instruments like cash, which are useful for purchase and investment, is generally called.

478 0

  • 1
    Cash Crunch
    Correct
    Wrong
  • 2
    Liquidity
    Correct
    Wrong
  • 3
    Credit
    Correct
    Wrong
  • 4
    Marketability
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Credit"

Q:

Which of the following agencies / bodies has asked all foreign funds to register themselves as Foreign Institutional Investors (Flls) before making any investment in India?

475 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    IBA
    Correct
    Wrong
  • 4
    Registrar of Companies
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "SEBI"

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