76
EFT stands for
Answer
D. Electronic Funds Transfer
77
…………. act as a consortium leader of the banking institutions in the district
Answer
A. Lead Bank
78
Cheque in circulation for more than six months from the date of the cheque is a
Answer
C. Stale cheque
79
…………… means signing on the back of a negotiable instrument with a view to transfer the the title of the instrument to another person
Answer
D. Endorsement
80
RTGS has been implemented in India w.e.f.
Answer
A. 26 March 2004
81
First stock exchange in India is
Answer
Question Cancelled
82
Blue chip shares means
Answer
C. Those shares on whom dividend is paid at higher rate regularly
83
Days of grace are allowed to
Answer
C. Time Bill
84
In India 14 commercial Banks were nationalized in the year
Answer
B. 1969
85
Crossing of the cheque can be made by
Answer
C. Any holder
86
Accounting principles are acceptable when they, in general, satisfy the basic norms
Answer
C. Usefulness, Objectivity and Feasibility
87
The term ‘playing safe’ relate to
Answer
A. Convention of conservatism
88
Which of the following method does not consider as a Method of Depreciation?
Answer
D. Striking Product Method
89
According to Rolland, Trail balance is defined as “the final list of balances, ……………”
Answer
C. totalled and combined
90
The case Gurner V/s Murray relate to
Answer
D. Insolvency of a partner
91
The term ‘credit’ derived from the Latin word
Answer
A. Credre
92
Mr.A, Mr.B are partners. Their old profit sharing ratio was 3:1. Mr. A surrendered 1/32 of his share and Mr. B surrendered 3/32 of his share in favor of Mr.C. Calculate Sacrificing ratio of A & B.
Answer
A. 3/128:3/128
93
As per section 128 of the Companies Act, managerial remuneration is
Answer
A. 11 % of Net Profit
94
Green Limited had total purchases of Rs. 80,000 during the year. The opening and closing balance of creditors were Rs.20,000 and 30,000 respectively. Payments made to creditors during the year were Rs 60,000. Discount received was Rs 2,000. The credit purchases during the year …………..
Answer
B. 72,000
95
The RBI appointed a committee under the chairmanship of K.B Chore in April …………. to review the working of cash credit system.
Answer
B. 1979
96
Irrelevance theory of capital structure, assumptions does not include
Answer
D. None of these
97
A company expects a net income of Rs 80,000. It has Rs 2,00,000 debentures of 8% rate of interest. The equity capitalization rate of the company is 10 %. Compute overall capitalization rate according to Net Income Approach, ignoring income tax.
Answer
D. 9.52%
98
A ‘Yen note’ floated in Germany is an example of
Answer
A. Euro bond
99
Research and Development expenditure is an example of
Answer
C. Deferred revenue expenditure
100
Section …………. for buy back of shares as per Companies Act 1956
Answer
C. 77