Account and Finance Questions Practice Question and Answer

Q:

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

1517 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:

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

1483 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
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Answer : 2. "Letter of Credit (L/C) "

Q:

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

1426 0

  • 1
    1865
    Correct
    Wrong
  • 2
    1894
    Correct
    Wrong
  • 3
    1806
    Correct
    Wrong
  • 4
    1809
    Correct
    Wrong
  • 5
    1770
    Correct
    Wrong
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Answer : 5. "1770"

Q:

In which year were the Subsidiaries of SBI nationalized? 

1312 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1949
    Correct
    Wrong
  • 3
    1955
    Correct
    Wrong
  • 4
    1959
    Correct
    Wrong
  • 5
    1969
    Correct
    Wrong
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Answer : 4. "1959 "

Q:

17 Which of these banks was not associated with the State Bank of India in 1959? 

1278 0

  • 1
    State Bank of Patna
    Correct
    Wrong
  • 2
    State Bank of Indore
    Correct
    Wrong
  • 3
    State Bank of Bikaner
    Correct
    Wrong
  • 4
    State Bank of Hyderabad
    Correct
    Wrong
  • 5
    State Bank of Jaipur
    Correct
    Wrong
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Answer : 1. "State Bank of Patna "

Q:

Name the first Payment Bank of India that launches integrated UPI on its digital plat form. 

1242 0

  • 1
    Airtel Payments Bank
    Correct
    Wrong
  • 2
    Paytm Payments Bank
    Correct
    Wrong
  • 3
    India Post Payments Bank
    Correct
    Wrong
  • 4
    FINO Payments Bank
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Airtel Payments Bank "

Q:

Who is the chairperson of the Monetary Policy Committee of India? 

1187 0

  • 1
    RBI Governor
    Correct
    Wrong
  • 2
    Prime Minister
    Correct
    Wrong
  • 3
    Finance Minister
    Correct
    Wrong
  • 4
    Chief Economic Advisor
    Correct
    Wrong
  • 5
    All of the above
    Correct
    Wrong
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Answer : 1. "RBI Governor "

Q:

The situation with increasing unemployment and inflation is termed as: 

1062 0

  • 1
    Deflation
    Correct
    Wrong
  • 2
    Galloping inflation
    Correct
    Wrong
  • 3
    Hyper inflation
    Correct
    Wrong
  • 4
    Stagflation
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "Stagflation"

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