Account and Finance Practice Question and Answer

Q:

Teaser Rates are related to which of the following types of loans?

557 0

  • 1
    Home Loans
    Correct
    Wrong
  • 2
    Personal Loans
    Correct
    Wrong
  • 3
    Auto Loans
    Correct
    Wrong
  • 4
    Reverse Mortgage Loans
    Correct
    Wrong
  • 5
    Crop Loans
    Correct
    Wrong
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Answer : 1. "Home Loans "

Q:

Which of the following terms is used in Banking?

524 0

  • 1
    Epicentre
    Correct
    Wrong
  • 2
    Pascal’s Law
    Correct
    Wrong
  • 3
    Currency
    Correct
    Wrong
  • 4
    Centre of Gravity
    Correct
    Wrong
  • 5
    Latitude
    Correct
    Wrong
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Answer : 3. "Currency"

Q:

Which of the following branch of the World Bank was formed in the year 1992 for quick financial action and innovation activities?

556 0

  • 1
    IFC
    Correct
    Wrong
  • 2
    IDF
    Correct
    Wrong
  • 3
    MIGA
    Correct
    Wrong
  • 4
    ICSID
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "IDF"

Q:

Which of the following country is the largest lender of America?

584 0

  • 1
    Britain
    Correct
    Wrong
  • 2
    Japan
    Correct
    Wrong
  • 3
    China
    Correct
    Wrong
  • 4
    Brazil
    Correct
    Wrong
  • 5
    India
    Correct
    Wrong
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Answer : 3. "China"

Q:

In the banking world, when the loan given by the bank to any person or organization is not returned by the borrower, knowingly or for any other reason, then it is called.

(A) Standard Asset

(B) Non-Junk Asset

(C) Overdraft

520 0

  • 1
    only ( A )
    Correct
    Wrong
  • 2
    only ( B )
    Correct
    Wrong
  • 3
    only ( C )
    Correct
    Wrong
  • 4
    Only (A) and (B) both
    Correct
    Wrong
  • 5
    none of these
    Correct
    Wrong
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Answer : 2. "only ( B )"

Q:

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

513 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:

The Financial Sector Appraisal Committee (CFSA) constituted by the Reserve Bank of India has also recommended some reforms in which of the following laws existing in India?

547 0

  • 1
    Taxation Law
    Correct
    Wrong
  • 2
    Commercial law
    Correct
    Wrong
  • 3
    Banking Regulation Law
    Correct
    Wrong
  • 4
    Property law
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 3. "Banking Regulation Law"

Q:

The Government of India had started the insurance scheme for the agriculture sector. Which of the following is the name of this scheme?

529 0

  • 1
    NAIS
    Correct
    Wrong
  • 2
    RIDF
    Correct
    Wrong
  • 3
    AICIL
    Correct
    Wrong
  • 4
    CACP
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "NAIS"

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