Account and Finance Practice Question and Answer

Q:

Which organisation/ministry is the nodal agency to provide licenses to e-commerce companies?

2523 0

  • 1
    Finance Ministry
    Correct
    Wrong
  • 2
    Corporate Ministry
    Correct
    Wrong
  • 3
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 4
    Department of Industrial Policy and Promotion (DIPP)
    Correct
    Wrong
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Answer : 4. "Department of Industrial Policy and Promotion (DIPP)"

Q:

Which bank has launched the first contactless debit, credit and multi-currency forex card?

2500 0

  • 1
    Axis Bank
    Correct
    Wrong
  • 2
    ICICI Bank
    Correct
    Wrong
  • 3
    HDFC Bank
    Correct
    Wrong
  • 4
    SBI
    Correct
    Wrong
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Answer : 1. "Axis Bank"

Q:

When was ICICI bank founded? 

2381 0

  • 1
    1991
    Correct
    Wrong
  • 2
    1992
    Correct
    Wrong
  • 3
    1993
    Correct
    Wrong
  • 4
    1994
    Correct
    Wrong
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Answer : 4. "1994"

Q:

What is the full form of EFT?

2255 0

  • 1
    Electronic Funds Transfer
    Correct
    Wrong
  • 2
    Efficient Funds Transfer
    Correct
    Wrong
  • 3
    Effective Funds Transfer
    Correct
    Wrong
  • 4
    Electronic Foreign Transfer
    Correct
    Wrong
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Answer : 1. "Electronic Funds Transfer"

Q:

Mutual Funds investments can be effectively canvassed among

2238 0

  • 1
    Only Salaried persons
    Correct
    Wrong
  • 2
    Students availing education loans
    Correct
    Wrong
  • 3
    HNI customers
    Correct
    Wrong
  • 4
    sunrise industries
    Correct
    Wrong
  • 5
    poor farmers
    Correct
    Wrong
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Answer : 3. "HNI customers"

Q:

Which among the following statements is not true about the Banking Ombudsman (BO)?

2222 0

  • 1
    BO was first setup in UK.
    Correct
    Wrong
  • 2
    He hears customers ' complaints against banks
    Correct
    Wrong
  • 3
    Tenure of BO is 3 years at a time.
    Correct
    Wrong
  • 4
    RBI started this scheme in 1995.
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "RBI started this scheme in 1995. "

Q:

In which year ‘Hilton Young Commission’ recommends the establishment of a central bank? 

2152 0

  • 1
    1921
    Correct
    Wrong
  • 2
    1926
    Correct
    Wrong
  • 3
    1931
    Correct
    Wrong
  • 4
    1934
    Correct
    Wrong
  • 5
    1935
    Correct
    Wrong
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Answer : 2. "1926 "

Q:

Product design is a function of

2134 0

  • 1
    Front office staff
    Correct
    Wrong
  • 2
    back office staff
    Correct
    Wrong
  • 3
    management
    Correct
    Wrong
  • 4
    marketing and research team
    Correct
    Wrong
  • 5
    loan section
    Correct
    Wrong
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Answer : 4. "marketing and research team"

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