Account and Finance Practice Question and Answer

Q:

Which Organisation/Government is the administrator of Financial Inclusion Fund (FIF)?

1431 0

  • 1
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 2
    NABARD
    Correct
    Wrong
  • 3
    Union Government of India
    Correct
    Wrong
  • 4
    Particular Government of the related State
    Correct
    Wrong
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Answer : 3. "Union Government of India"

Q:

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

1422 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:

What was the initial share capital of Reserve Bank of India? 

1418 0

  • 1
    ₹ 3 cr.
    Correct
    Wrong
  • 2
    ₹ 1 cr.
    Correct
    Wrong
  • 3
    ₹ 5 cr.
    Correct
    Wrong
  • 4
    ₹ 10 cr.
    Correct
    Wrong
  • 5
    ₹ 50 cr.
    Correct
    Wrong
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Answer : 3. "₹ 5 cr. "

Q:

Imperial Bank of India was nationalized in which year? 

1403 0

  • 1
    1944
    Correct
    Wrong
  • 2
    1955
    Correct
    Wrong
  • 3
    1921
    Correct
    Wrong
  • 4
    1949
    Correct
    Wrong
  • 5
    1935
    Correct
    Wrong
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Answer : 2. "1955 "

Q:

Which bank was the first to deploy 'Talking ATMs' for differently abled person?

1352 0

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

Q:

Electronic Fund Transfer scheme of RBI has been renamed as :

1332 0

  • 1
    Clearing
    Correct
    Wrong
  • 2
    Core Banking Solutions
    Correct
    Wrong
  • 3
    Real Time Gross Settlement
    Correct
    Wrong
  • 4
    National Electronic Fund Transfer
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "National Electronic Fund Transfer"

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:

Headquarter of IRDAI is located at

1330 0

  • 1
    Mumbai
    Correct
    Wrong
  • 2
    Chennai
    Correct
    Wrong
  • 3
    Ahmedabad
    Correct
    Wrong
  • 4
    Hyderabad
    Correct
    Wrong
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Answer : 4. "Hyderabad"

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