Account and Finance Practice Question and Answer

Q:

Which among the following is considered to be the most liquid asset? 

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  • 1
    Bitcoin
    Correct
    Wrong
  • 2
    Gold
    Correct
    Wrong
  • 3
    Cheque
    Correct
    Wrong
  • 4
    T - bill
    Correct
    Wrong
  • 5
    Money
    Correct
    Wrong
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Answer : 5. "Money "

Q:

The sales process begins with

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  • 1
    customer identification
    Correct
    Wrong
  • 2
    lead generation
    Correct
    Wrong
  • 3
    sales presentation
    Correct
    Wrong
  • 4
    Sales closure
    Correct
    Wrong
  • 5
    sales meet
    Correct
    Wrong
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Answer : 1. "customer identification"

Q:

Credit Cards are a convenient substitute for which of the following?

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  • 1
    Cash
    Correct
    Wrong
  • 2
    Cheque
    Correct
    Wrong
  • 3
    Both 1 and 2
    Correct
    Wrong
  • 4
    None of The Above
    Correct
    Wrong
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Answer : 3. "Both 1 and 2 "

Q:

What happens when CRR is increased? 

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  • 1
    It decreases the money supply
    Correct
    Wrong
  • 2
    It increases the money supply
    Correct
    Wrong
  • 3
    It decreases inflation
    Correct
    Wrong
  • 4
    Only 1 & 3
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 4. "Only 1 & 3 "

Q:

Which was the first bank to introduce cheque system in India?

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  • 1
    Bengal Bank
    Correct
    Wrong
  • 2
    Bank of Hindustan
    Correct
    Wrong
  • 3
    General Bank of India
    Correct
    Wrong
  • 4
    Presidency Bank
    Correct
    Wrong
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Answer : 1. "Bengal Bank"

Q:

The performance of which scheme does the National Housing Bank monitor?

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  • 1
    Liberalized Finance Scheme
    Correct
    Wrong
  • 2
    Golden Jubilee Rural Housing Finance Scheme
    Correct
    Wrong
  • 3
    Energy Efficient Housing Finance Scheme
    Correct
    Wrong
  • 4
    Finance scheme for indirect loans
    Correct
    Wrong
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Answer : 2. "Golden Jubilee Rural Housing Finance Scheme"

Q:

In which type of banking, electronic financial transactions are done?

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  • 1
    E-Banking
    Correct
    Wrong
  • 2
    POS Banking
    Correct
    Wrong
  • 3
    M-Banking
    Correct
    Wrong
  • 4
    Universal Banking
    Correct
    Wrong
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Answer : 1. "E-Banking"

Q:

Mutual Fund business from existing customers can be canvassed by

5451 0

  • 1
    coercion
    Correct
    Wrong
  • 2
    cross-selling
    Correct
    Wrong
  • 3
    internal marketing
    Correct
    Wrong
  • 4
    outdoor marketing
    Correct
    Wrong
  • 5
    road-shows
    Correct
    Wrong
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Answer : 3. "internal marketing"

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