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Multiple choice questions 50
- 1. MULTIPLE CHOICE QUESTIONS 1 Prospectus include • Expenses of income • Underwriting commission • Minimum subscription • All of these Ans:All of these 2 Memorandumof associationof a companyconsists of • Name clause • Place clause • Objective clause • All of the above Ans:All of the above 3 Given: Sales Rs 50000, variable cost Rs 20000, fixedcost Rs 10000, capital employedRs 200000 the profit volume ratiowill Be • 10% • 15% • 50% • 60% Ans:60% 4 Which one ofthe following ratios is most important for judging longterm solvencyof firm? • Debt equityratio • Stock turnover ratio • Return on investment • Fixed assets turnover ratio Ans:Debt equityratio 5 Which of the following is not mathematical average?
- 2. • Median • Geometric mean • A thematic mean • Quadratic mean Ans:Median 6 if the hypothesis find “fit” hypothesisis not sufficient to goodwe would it • Review • Accept • Reject • B & C Ans:Reject 7 Office layout aims at • Optimum utilization ofspace • Providing larger accommodation • Providing longer openspace • Providing larger space for office manager Ans:Optimumutilization ofspace 8 Franking machine is used for • Duplicating • Accounting work • Punching machine • Stamp fixing Ans:stampfixing 9 Outward mail means • Mail receivedin office • Mail sent out to customers • Personal mail receive byemployees • Personal mail sent byemployees Ans:Mail sent out to customers
- 3. 10 Mutual funds were permittedin India for the first time inthe year • 1948 • 1964 • 1986 • 1992 Ans:1964 11 Open market operationis a part of • Income policy • Credit policy • Fiscal policy • Labor policy Ans:Credit policy 12 In India national income is estimated by • Planning commission • Indianstatisticalinstitute • Central statisticalorganization • Nationalsample surveyorganization Ans:Indianstatisticalinstitute 13 RBI was nationalized on • 1 July1949 • 26 January1951 • 1 April 1935 • 1 July1955 • 1 January1949 Ans:1 January1949 14 An offer byan unlistedcompanyfor sale of its share for the first time to public is called • Futures • Derivatives • IPO
- 4. • Shares • None of these Ans:IPO 15 Indianstock market deals in • Shares • Debentures • Forward contracts • Mutual funds • All of the above Ans:All of the above 16 IT is imposed bywhichof the following? • Local government • State government • Central government • Both B & C Ans:Central government 17 Which of the followingis not government sponsoredorganization? • SIDBI • NABARD • NHB • ICICI Bank Ans:ICICI Bank 18 CRISIL is a • Mutual fund • Share depository • Investment bank • Credit rating agency Ans:Credit rating agency 19 Moneylaunderingis relatedto
- 5. • To reduce number of familieswhichlives belowpovertyline • To reduce nonperformingassets of banks • To reduce black money • To reduce unemployment rate Ans:To reduce black money 20 The debenture holder of the companyare its • Employees • Debtors • Partners • Creditors • None of these Ans:Creditors 21 In banking terminologybad loans refers to • Bad debts • Factious assets • Under writingassets • Nonperformingassts Ans:nonperforming assets 22 Which amongthe following will settle the grievance ofcustomers of banks • SBI • Ombudsman • Local court • Nationalizedbanks Ans:Ombudsman 23 In first phase of nationalizationof banks how manybanks nationalized? • 19 • 26 • 27 • 6
- 6. • None of these Ans:None of these 24 Government ofIndiareplacedFERA by • FEMA • FRMBA • Monopolies act • FRTP Ans:FEMA 25 Bad debts recover is ................for organization • Expenses • Debts • Income • Assets Ans:Income 26 Which of the following term is not used in banking or finance • Revenue • Epicenter • Commercialpaper • Consolidatedfund Ans:Epicenter 27 Which bankis the apex bank ofUSA • Citybank • Bank of India • Federalreserve • Central bank of USA Ans:federalReserve 28 In India coins are issuedby • RBI • SBI
- 7. • SEBI • Finance minister Ans:Finance minister 29 Risingand lowering ofthe centralbank discount rate is knownas • Bank rate policy • Open market operation • Cash reserve ratio • Both B & C Ans:Bank rate policy 30 which is a legaltender in modern economyamong the following • Currencynotes • Cheque • Bank draft • Promissorynotes Ans:Currencynote 31 When RBI wants to reduce liquidityin banking system • OnlyA • OnlyB • Onlyc • All of the above Ans:OnlyA 32 The term convertible debenture means • It is the debenture issued as bonus issue to the holder • It is the debenture after a specifiedtime is convertedto equity • It is debenture issued bycompanythe invention to buyafter the specifiedtime • These are debentures issued to the company Ans:it is the debenture after a specifiedtime convertedto equity 33 What is meant byschedule banks? • A banknationalizedunder provision ofbanking regulationact 1949
- 8. • A bankincludedin secondschedule of RBI 1934 • A bankincorporated • A bankauthorize to dobusinessor banking Ans:A bankincludedin secondschedule of RBI 1934 34 Which one of the following is not a quantitative credit control measure of RBI • Bank rate • Cash reserve requirement • Statutoryliquidityratio • Moral suasions Ans:Moral suasions 35 Which one of the following is the chronologicalsequence ofnationalization ofgivensets of bank • SBI, RBI, 14 Banks, 6 Banks • RBI, SBI, 6 Banks, 14 Banks • RBI, SBI, 14 Banks, 6 Banks • SBI, RBI, 6 Banks Ans:RBI, SBI, 6 Banks, 14 Banks 36 Parallel economyemerge due to • Tax evasion • Tax avoidance • Tax compliance • Tax estimation Ans:Tax evasion 37 who formulatesthe monetarypolicyin India • planning commission • finance minister • RBI • SEBI Ans:RBI 38 A type of cheque more than 3 months validity
- 9. • Matured cheque • Stale cheque • Crossed cheque • Post datedcheque Ans:Stale cheque 39 Arrange the situationinproper order Barter system B. Paper currencyC. Coins D. Credit card • ABCD • BCDA • CDAB • ABCD Ans:ACBD 40 Major advantage of using the news paper as a measure of authorize inis • Cost • High value selectivity • Wide circulation • Excellent reproduction Ans:Wide circulation 41 SEBI regulates the operationof • Insurance company • Co operative society • Commoditymarkets • Stock exchanges Ans:Stock exchanges 42 Indicate the non schedule bankinthe list • SBI • Merchants co operative banks • ICICI Bank
- 10. • OBC Ans:Merchants co operative banks 43 Small industryre finance can be availedfrom • RBI • IDBI • NABARD • SIDBI Ans:SIDBI 44 SEZ has beenestablished • To increase imports • To increase exports • To increase all round economic development ofarea • To increase cost of production Ans:To increaseallround economic development of area 45 Find out of the following which is not relatedto life insurance • Moneyback policy • Endowment policy • Insurance covered fromlossfrom fire • Whole life policy Ans:Insurance coveredfrom loss from fire 46 ICAR stands for • Indiancouncil for agricultural research • Indiancouncil for advertisingresearch • Internationalcentre for agricultural research • Internationalcentre for advertisingresearch Ans:Indiancouncil for agricultural research 47 TodayJAVA is the name of • Motor bike • Software
- 11. • Name of oil • Scooter Ans:Software 48 IBRD means • Indianbankfor rural development • Internationalbankfor reconstructionanddevelopment • Industrial bank for rural development • Indianbureaufor research anddevelopment Ans:Internationalbank for reconstructionanddevelopment 49 Grape vine is a communication in • Written form • Oral form • Bodyform • None of the above Ans:Oral form 50 As per double entryprinciple • Assets + liabilities = capital • Capital – liabilities= assets • Assets – liabilities = capital • Capital + assets = liabilities Ans:Assets – liabilities = capital