Account and Finance Practice Question and Answer

Q:

What Street Name is used to refer to the RBI? 

4818 0

  • 1
    Reserve Street
    Correct
    Wrong
  • 2
    Credit Street
    Correct
    Wrong
  • 3
    Mint Street
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 3. "Mint Street "

Q:

For using safe deposit locker facility, bank customer's pay______ . 

4815 0

  • 1
    Interest on locker
    Correct
    Wrong
  • 2
    Rent on locker
    Correct
    Wrong
  • 3
    Commission on locker
    Correct
    Wrong
  • 4
    Safe custody charges
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rent on locker"

Q:

The first Indian bank to open a branch on foreign soil? 

4746 0

  • 1
    Bank of Baroda
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    Allahabad Bank
    Correct
    Wrong
  • 5
    State Bank of India
    Correct
    Wrong
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Answer : 2. "Bank of India "

Q:

Who has been given the power under the Banking Regulation Act 1949 to grant license to banks? 

4387 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    State Government
    Correct
    Wrong
  • 3
    Central Government
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 1. "RBI "

Q:

Who is the ex- officio chairman of ‘National Child Labour Abolition Authority’

3986 1

  • 1
    Prime Minister
    Correct
    Wrong
  • 2
    Home Minister
    Correct
    Wrong
  • 3
    Finance Minister
    Correct
    Wrong
  • 4
    Labor Minister
    Correct
    Wrong
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Answer : 4. "Labor Minister"

Q:

Who regulates the functioning of District Cooperative Banks in India? 

3158 0

  • 1
    State Government
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    State Cooperative Banks
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "RBI "

Q:

Which was the first bank to introduce Internet banking?

3130 0

  • 1
    Canara Bank
    Correct
    Wrong
  • 2
    ICICI Bank
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    State Bank of India
    Correct
    Wrong
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Answer : 2. "ICICI Bank"

Q:

On which rate base, overnight money is needed by bank from RBI?

2562 0

  • 1
    MSF
    Correct
    Wrong
  • 2
    Repo rate
    Correct
    Wrong
  • 3
    Reverse repo
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
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Answer : 1. "MSF"

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