Account and Finance Practice Question and Answer

Q:

Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934?

1910 0

  • 1
    Bank rate
    Correct
    Wrong
  • 2
    Reverse Repo Rate
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    CRR
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "CRR "

Q:

Which among the following banks form the “Imperial Bank of India” in 1921

1890 0

  • 1
    Bank of Bombay
    Correct
    Wrong
  • 2
    Bank of Madras
    Correct
    Wrong
  • 3
    Bank of Bengal
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "All of the Above"

Q:

In which year were the Subsidiaries of SBI nationalized? 

1768 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1949
    Correct
    Wrong
  • 3
    1955
    Correct
    Wrong
  • 4
    1959
    Correct
    Wrong
  • 5
    1969
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "1959 "

Q:

The first RRB of India Prathama Bank was established in which year?

1748 0

  • 1
    1975
    Correct
    Wrong
  • 2
    1976
    Correct
    Wrong
  • 3
    1980
    Correct
    Wrong
  • 4
    1969
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "1975"

Q:

Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as _______________. 

1738 0

  • 1
    Inflation
    Correct
    Wrong
  • 2
    Letter of Credit (L/C)
    Correct
    Wrong
  • 3
    Laissez-faire
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Letter of Credit (L/C) "

Q:

In which year, the first bank of India "Bank of Hindustan" was established ? 

1725 0

  • 1
    1865
    Correct
    Wrong
  • 2
    1894
    Correct
    Wrong
  • 3
    1806
    Correct
    Wrong
  • 4
    1809
    Correct
    Wrong
  • 5
    1770
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 5. "1770"

Q:

Financial planning is required when

1723 0

  • 1
    one has no income
    Correct
    Wrong
  • 2
    one is flushed with funds
    Correct
    Wrong
  • 3
    one has no expense to incur
    Correct
    Wrong
  • 4
    one is illiterate
    Correct
    Wrong
  • 5
    income level is sufficient to meet the expenses
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 5. "income level is sufficient to meet the expenses"

Q:

Which subsidiary bank was merged with the State Bank of India on August 13, 2008?

1692 0

  • 1
    State Bank of Hyderabad
    Correct
    Wrong
  • 2
    State Bank of Indore
    Correct
    Wrong
  • 3
    State Bank of Mysore
    Correct
    Wrong
  • 4
    State Bank of Saurashtra
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "State Bank of Saurashtra "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully