Practice Finance Questions and Answers

• RBI recently noticed misleading advertisements of unauthorised Electronic Trading Platforms (ETPs) offering forex trading facilities to Indian residents, i...
• Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?
• The National Payments Corporation of India (NPCI) is an initiative taken by the _________________ to operate the retail payments and settlement systems in ...
• Banks’ non-food credit growth accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year. Which of the following o...
• SEBI recently amended its employee service rules. As per the new rules, ___________ of the total posts for executive directors will be filled up with inter...
• As per the recent guidelines regarding NBFCs (Non Banking Finance Companies), the NBFCs in Upper and Middle layer are required to implement Core Financial ...
• GIFT City, located in Gandhinagar district, is India's first smart city and international financial services centre.  GIFT stands for
• All single payment transactions of Rs. ______ crore and above undertaken by entities (non-individuals) should include remitter and beneficiary LEI informat...
• Which of the following is not one of the functions of Banks Board Bureau? I- providing assistance to Public Sector Banks to restructure their business str...
• What is the main objective of KYC guidelines followed by Banks? I- It helps prevent banks from using criminal networks. II- KYC helps the banks to communic...
• The D-SIBs banks are classified into _______ buckets.
• Which one of the following buckets, as per RBI, is the most important bucket wrt. D-SIBs?
• Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
• Which of the following Statements about the DICGC is/are True? I- Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary ...
• Which of the following days is known as ‘GST Day’? 
• The four-tier tax structure in the GST model contains four separate rates. Which is not one of them?
• Goods and services tax (GST) collections hit an all-time high in April. What is the amount collected?
• Which state has the highest contribution in the record GST collection in Apr 2022?
• Goods and Services Tax in India is a tax based on which criteria?
• Which of the following reports is not released by the World Economic Forum?
• Open-market operations of Reserve Bank of India refer to?
• Which is the first bank to get ISO certificate?
• Which of the following is not the function of Payment bank?
• ALM is concerned with strategic balance sheet management involving all market risks. ‘M’ in ALM stands for____________.
• Where the signature of the drawer of a cheque is not genuine , such a cheque is called
• Banks are authorized to sell third party products. Which are these products?
• When RBI raises the Cash reserve Ratio rate what action are the banks required to take?
• Bank rate as fixed by RBI means -
• Which among the following cannot issue Commercial Papers to raise funds from the market?
• Which among the following can be considered as a part of the Secondary Market?
• Which among the following is/are the area(s) of operation regarding which complaints can be received by the Banking Ombudsman?
• What can be the maximum tenure of term deposits in India?
• Consider the following statements about Government Securities: I. The g-sec market is dominated by institutional investors such as banks, mutual funds, and...
• At Your Wits’ End
• Which type of accounting uses Generally Accepted Accounting Principles (GAAP) to ensure consistency and accuracy in reporting financial information?
• _____ in accounting refers to the quality of financial information that can be easily comprehended by its intended users?
• Cost or expenses must be recorded at the same time as the revenue to which they correspond is specified by which principle? 
• Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of – 
• What is the primary purpose of a cashbook? 
• When the central bank (RBI) sells stocks and bonds in the market, the amount of money in the bank _______.