Q.1

Devaluation of currency leads to

  • increase in domestic prices
  • erratic fluctuations in domestic prices
  • fall in domestic prices
  • no impact on domestic prices
Q.2

Smart money is a term used for

  • Credit cards
  • Cash with bank
  • Cash with public
  • Internet banking
Q.3

Automatic stabilizers refer to

  • government spending and taxes that automatically increase or decrease along with the business cycle.
  • changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives.
  • changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives.
  • the money supply and interest rates that automatically increase or decrease along with the business cycle.
Q.4

Interest is usually associated with

  • doubtful accounts
  • bad debts
  • accounts receivable
  • notes receivable
Q.5

Patents, Copyrights and Trademarks are examples of

  • Short-term investments
  • Fixed assets
  • Long-term investments
  • Intangible assets
Q.6

When a debtor owes several debts to a banker and makes a payment, the right of appropriation lies with

  • The Court
  • The Banker
  • The Debtor
  • All the above
Q.7

A decline in the real interest rate will

  • shift the investment schedule downward
  • shift the investment schedule leftward
  • increase the amount of investment spending
  • None of the above
Q.8

In recording an accounting transaction in a double-entry system

  • there must always be entries made on both sides of the accounting equation.
  • the amount of the debits must equal the amount of the credits.
  • there must only be two accounts affected by any transaction.
  • the number of debit accounts must equal the number of credit accounts.
Q.9

Compounding interest means interest accrues

  • at variable rates throughout the term
  • more quickly than simple interest
  • more slowly than simple interest
  • at the same rate as simple interest
Q.10

Which of the following statements about minimum payments is incorrect?

  • If you send in the minimum payment, you will be charged a late fee
  • Paying the minimum means you are only paying off a portion of your total debt
  • You will still pay interest on your balance if you submit the minimum payment
  • Minimum payments are typically only 2-4% of your total debt
Q.11

When an already listed organisation makes fresh issue of securities to the public, it is known as ________.

  • IPO
  • Preferential Issue
  • Rights Issue
  • FPO
Q.12

Which of the following is a type of savings vehicle?

  • Checking Account
  • Certificate of Deposit
  • Money Market Account
  • Both B & C
Q.13

On what basis currency value depends?

  • inflation
  • employment
  • imports and exports
  • All of the above
Q.14

Saving accounts usually offer ___ interest rates than checking accounts.

  • Higher
  • Lower
  • Equal
  • None
Q.15

The shortcut key to quit from tally is

  • CTRL + Q
  • CTRL + ESC
  • CTRL + T
  • CTRL + P
Q.16

The yield to maturity on a discount bond is

  • equal to both the coupon rate / current yeild
  • less than the current yeild but greater than the coupon rate
  • greater than both the coupon rate / current yeild
  • equal to the current yeild but greater than the coupon rate
Q.17

SIP full form is

  • Sudden Investing Plan
  • Systematic Investment Plan
  • Savings Investmets Plan
  • None of the above
Q.18

The Accounting period cycle of NSE is

  • Monday to next Friday
  • Wednesday to next Tuesday
  • Wednesday to next Wednesday
  • Tuesday to next Wednesday
Q.19

Expand CAR, in Banking Terminology?

  • Current Applicable Ratio
  • Capital Adequacy Ratio
  • Capital Available Request
  • Compiled Acquired Ratio
Q.20

Financial statements are prepared from which trial balance?

  • Unadjusted trial balance
  • Adjusted trial balance
  • Post- closing trial balance
  • None of the above
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