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You Are On Multi Choice Question Bank SET 2924
146201. MARKETED is the apex marketing ----------in the State.
(A): Bank (B): Association (C): Labour union (D): Federation
146202. The most important income of a bank is
(A): Commissions (B): Locker rent (C): Interest (D): Registration fee
146203. Cash credit is a form of
(A): Commissions (B): Deposit (C): Advance (D): Investment
146204. Assets which do not carry more than normal credit risk is known as
(A): Standard asset (B): Risk asset (C): Loss asset (D): Contingent asset
146205. Savings bank deposit is a to the bank
(A): Asset (B): Deposit (C): Liability (D): Investment
146206. Final account of a banking company consists of
(A): Assets (B): Trading a/c (C): Liabilities (D): P & L a/c and balance sheet
146207. According to income recognition,interest on NPA should be recognized on --------basis.
(A): Accrual (B): Standard (C): Actually received (D): Expiry
146208. Banks pay maximum rate of interest on-----account.
(A): Current (B): Savings bank (C): Loan (D): Fixed deposit
146209. Buy back of equity shares is a method of capital
(A): Restructuring (B): Redemption (C): Reserve (D): Realisation
146210. IPO means initial
(A): Private offer (B): Private order (C): Public offer (D): Public order
146211. Right shares are issued to
(A): Promoters (B): Directors (C): Debenture holders (D): Existing shareholders
146212. Test checking is done when there is an effective ----------system.
(A): Accounting (B): Internal check (C): Perpetual inventory (D): Vouching
146213. Current audit file consists of matters of
(A): Future importance (B): Past year (C): The year of audit (D): Current account
146214. Civil liability of an auditor implies liability for
(A): Fraud (B): Misappropriation of cash (C): Theft (D): None of these
146215. Under peer review the audit work of an auditor is reviewed by another
(A): Friend (B): Employee (C): Auditor (D): Director
146216. First auditors are appointed by
(A): Share holders (B): Employees (C): Board of directors (D): Government
146217. Auditors are liable under
(A): Companies Act only (B): Income Tax Act only (C): Common Law (D): A,B and C
146218. Remuneration of company auditors are fixed by
(A): Share holders (B): Registrar of companies (C): Board of directors (D): Government
146219. ------------voucher is the duplicate of original voucher.
(A): Collateral (B): Primary (C): Original (D): Best
146220. Internal audit is considered as a service to the
(A): Employee (B): Management (C): Auditor (D): Government
146221. Audit conducted as per the provisions of law is –audit.
(A): Statutory (B): Continuous (C): Internal (D): Social
146222. In a joint stock company the audit report is submitted to
(A): Share holders (B): Employees (C): Board of directors (D): Accountant
146223. Pre-arranging and co-ordinating the audit work is called
(A): Audit planning (B): Audit programme (C): Internal Check (D): Internal audit
146224. Audit notebook is also called audit
(A): Planning (B): Programme (C): Memorandum (D): Activity
146225. Errors of omission are
(A): Errors of principle (B): Technical errors (C): Clerical errors (D): A,B and C
146226. Payment for building purchased should be vouched with
(A): Cash book (B): Building account (C): Title deed (D): Bank account
146227. Purchase of land is a
(A): Revenue receipt (B): Capital receipt (C): Revenue expense (D): Capital expense
146228. Special audit is necessary for -------business enterprise.
(A): Inefficient (B): Efficient (C): Manufacturing (D): Trading
146229. The audit conducted between two annual audit is---------audit.
(A): Interim (B): Efficiency (C): Internal (D): Continuous
146230. Tests of control are not concerned with ----------of controls
(A): Existence (B): Effectiveness (C): Designing (D): Continuity
146231. ”Teeming and lading”is also known as
(A): Looping (B): Lapping (C): Embezzlement (D): Hacking
146232. RRBs are sponsored by---------banks
(A): Foreign (B): Private (C): Nationalised (D): Scheduled
146233. One of the methods of qualitative credit control is:
(A): Bank rate policy (B): CRR (C): Open market operation (D): Credit rationing
146234. Centralised Online Realtime Electronic Banking is known as
(A): Core Banking (B): Net Banking (C): Real time gross settlement (D): IT banking
146235. When banker is the trustee,customer is the
(A): Trust (B): Agent (C): Beneficiary (D): Executor
146236. Banks generally give overdraft facility through -------------account.
(A): Current (B): Fixed (C): Savings bank (D): Term deposit
146237. Image-based clearing system used for faster clearing of cheques is
(A): EFT (B): Cheque truncation (C): MICR (D): CORE banking
146238. The first bank in India was started in the year:
(A): 1786 (B): 1886 (C): 1887 (D): None of these
146239. The Banking Regulation Act was passed in the year
(A): 1786 (B): 1949 (C): 1887 (D): 1950
146240. HDFC Bank is a ----------sector bank.
(A): Nationalised (B): Private (C): Public (D): Old
146241. When banks sell insurance products it is called
(A): Insurance (B): Assurance (C): Secured insurance (D): Bankassurance
146242. ATM stands for
(A): Any Time Money (B): Auto Tele Machine (C): Automated Teller Machine (D): Anywhere Transaction Money
146243. At the time of inflation the Central Bank -------government securities.
(A): Sells (B): Purchases (C): Redeems (D): Transfers
146244. Lien is the right of a creditor to retain the of the property of his debtor
(A): Power to sell (B): Possession (C): Ownership (D): Power to purchase
146245. When banker collects cheques of his customer the banker acts as his
(A): Debtor (B): Agent (C): Beneficiary (D): Executor
146246. The first factoring service was started in India by
(A): RBI (B): SBI (C): SBT (D): SIB
146247. Banking Ombudsman Scheme was introduced for the -----------of grievances of bank customers.
(A): Redressal (B): Promotion (C): Avoidance (D): Recommendation
146248. SIDBI was set up in the year
(A): 1989 (B): 1949 (C): 1987 (D): 1950
146249. ---------------cheque bears a date earlier than the date of issue.
(A): Post-dated (B): Multilated (C): Ante-dated (D): Invalid
146250. The -----------is necessary to constitute a special crossing
(A): Double crossing (B): Two parallel lines (C): Name of the bank (D): Account payee
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