Practice Finance Questions and Answers

• As per the recent guidelines regarding NBFCs (Non Banking Finance Companies), the NBFCs in Upper and Middle layer are required to implement Core Financial ...
• 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...
• 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?
• When RBI raises the Cash reserve Ratio rate what action are the banks required to take?
• Which among the following is/are the area(s) of operation regarding which complaints can be received by the Banking Ombudsman?
• At Your Wits’ End
• 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 _______.
• The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following? 1. Other banks retain their deposits with the RBI. 2. T...
• In the context of Alternative Investment Funds, what does the term "locked-in period" refer to?
• __________  is going to set up a branch office in the International Financial Services Centre, GIFT City, Gandhinagar, Gujarat that will enable the compan...
• Terrestrial planets are composed of _________ .
• In which market are funds typically transacted on an overnight basis?