Account and Finance Practice Question and Answer

Q:

Which of the following countries has the largest Mutual Fund market in the World? 

1596 0

  • 1
    USA
    Correct
    Wrong
  • 2
    Japan
    Correct
    Wrong
  • 3
    China
    Correct
    Wrong
  • 4
    Brazil
    Correct
    Wrong
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Answer : 1. "USA"

Q:

Which of the following include the primary structure of the Mutual Funds? 

1330 0

  • 1
    Open-end funds
    Correct
    Wrong
  • 2
    Unit Investment Trusts
    Correct
    Wrong
  • 3
    Exchange traded Funds
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 4. "All of the Above"

Q:

What are the Pre-Payment charges applied on paying personal loan before tenure period. 

918 0

  • 1
    10% of the Principal
    Correct
    Wrong
  • 2
    5% of the Principal
    Correct
    Wrong
  • 3
    1-2% of the Principal
    Correct
    Wrong
  • 4
    7% of the Principal
    Correct
    Wrong
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Answer : 3. "1-2% of the Principal "

Q:

Which of the following is India’s first Credit Information Company? 

1006 0

  • 1
    CRISIL
    Correct
    Wrong
  • 2
    SMERA
    Correct
    Wrong
  • 3
    ICRA
    Correct
    Wrong
  • 4
    CIBIL
    Correct
    Wrong
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Answer : 4. "CIBIL"

Q:

Directorate General of Foreign Trade (DGFT) has put imports of gold dore in restricted category. Gold dore is an alloy of - 

1425 0

  • 1
    Gold and copper
    Correct
    Wrong
  • 2
    Gold and platinum
    Correct
    Wrong
  • 3
    Gold, silver and copper
    Correct
    Wrong
  • 4
    Gold and mercury
    Correct
    Wrong
  • 5
    Gold and silver
    Correct
    Wrong
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Answer : 5. "Gold and silver"

Q:

Which of the following is also known as consumer banking?

1174 0

  • 1
    Retail Banking
    Correct
    Wrong
  • 2
    State Bank
    Correct
    Wrong
  • 3
    Universal Banking
    Correct
    Wrong
  • 4
    Business Banking
    Correct
    Wrong
  • 5
    None of the these
    Correct
    Wrong
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Answer : 1. "Retail Banking"

Q:

Which of the following bank was fined 60 million rupees by RBI in June 2018?

1459 0

  • 1
    South Indian Bank
    Correct
    Wrong
  • 2
    Tamilnad Mercantile Bank Limited
    Correct
    Wrong
  • 3
    AP State Co-operative Bank
    Correct
    Wrong
  • 4
    Malleswaram Co-operative Bank Ltd
    Correct
    Wrong
  • 5
    Bardoli Nagarik Sahakari Bank Ltd
    Correct
    Wrong
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Answer : 2. "Tamilnad Mercantile Bank Limited"

Q:

Which of the following is not a measurement dimension of the recently launched Financial Inclusion Index (FII)?

1148 0

  • 1
    Quantity of Credit to GDP
    Correct
    Wrong
  • 2
    Access to financial services
    Correct
    Wrong
  • 3
    Usage of financial services
    Correct
    Wrong
  • 4
    Quality
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Quantity of Credit to GDP"

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