McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Commerce in Finance (B.Com Finance) .
Chapters
| 151. |
The basic function of…………are to accept to deposits, lend money and act as collection and paying agents. |
| A. | Banks |
| B. | . Non Banking Institutes |
| C. | Sock exchange |
| D. | Brokers |
| Answer» A. Banks | |
| 152. |
The RBI was nationalized by the Reserve Bank (amendment ) …………... |
| A. | Act 1948 |
| B. | . Act 1932 |
| C. | Act 1962 |
| D. | Act 1963 |
| Answer» A. Act 1948 | |
| 153. |
The baking system was……….during the early 90’s which led to greater competition and higher Production. |
| A. | Liberalized |
| B. | Centralized |
| C. | Decentralized |
| D. | None of these |
| Answer» A. Liberalized | |
| 154. |
The baking sector is the most important part of the……….and it promotes economic development of the country. |
| A. | financial system |
| B. | Financial Procedure |
| C. | Technology |
| D. | Underwriting |
| Answer» A. financial system | |
| 155. |
The…………..has economic significance and social purpose. |
| A. | Insurance industry |
| B. | Financial banks |
| C. | mutual fund |
| D. | Underwriting |
| Answer» A. Insurance industry | |
| 156. |
The……… are financial intermediate that collect and invest large amount of premiums. |
| A. | Insurance Companies |
| B. | non banking Institutes |
| C. | Stock Exchange |
| D. | SEBI |
| Answer» A. Insurance Companies | |
| 157. |
The 1st life insurance company namely………. was establishment in Kolkata in 1818 |
| A. | oriental life insurance co |
| B. | ICICI prudential |
| C. | Tata LIC |
| D. | SBI LIC |
| Answer» A. oriental life insurance co | |
| 158. |
The commercial banking system in India consists………….&…………. |
| A. | Scheduled & Unscheduled Banks |
| B. | Bank & Non Banking Institutions |
| C. | Organised & unorganized Banks |
| D. | none of these |
| Answer» A. Scheduled & Unscheduled Banks | |
| 159. |
………..banks are considered as the heart of our financial structure that makes the completely utilization of the resources of the nation. |
| A. | financial system |
| B. | Financial Procedure |
| C. | Technology |
| D. | Underwriting |
| Answer» A. financial system | |
| 160. |
………….banks are known as local area banks. |
| A. | Uncheduled banks |
| B. | Financial Institutions |
| C. | Organised Banks |
| D. | none of these |
| Answer» A. Uncheduled banks | |
| 161. |
…………….these banks are controlled by the Government. |
| A. | Public Sector Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Public Sector Banks | |
| 162. |
………………banks are registered as companies with limited liability. |
| A. | Private Sector Banks |
| B. | Public sector Banks |
| C. | Scheduled Banks |
| D. | commercial banks |
| Answer» A. Private Sector Banks | |
| 163. |
…………… banks were establishment mainly due to the development of trade with our countries. |
| A. | Foreign Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Foreign Banks | |
| 164. |
…………… banks are involved with financing of foreign trade and activities. |
| A. | Foreign Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Foreign Banks | |
| 165. |
…………… banks aims to increase the flow of credit and availability of banking facilities to Rural areas and to the poorer section of the rural population. |
| A. | Regional Rural Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | Cooperative Banks |
| Answer» A. Regional Rural Banks | |
| 166. |
The basic ideamovement is that poor people should come together and develop banking habits within small means. |
| A. | Cooperative |
| B. | Organised |
| C. | Scheduling |
| D. | none of these |
| Answer» A. Cooperative | |
| 167. |
…………..banks act as catalytic agents in promoting balanced development of the country. |
| A. | Development Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Development Banks | |
| 168. |
………… means indemnity or protection against risk of loss by spreading the risk over a number of a person, who are exposed to it and who is agree to insure themselves against risk. |
| A. | Insurance |
| B. | Bank Over Draft |
| C. | Premium |
| D. | none of these |
| Answer» A. Insurance | |
| 169. |
The LIC was Establishment on…………….. |
| A. | 1st Sep 1956 |
| B. | 2nd Sep 1956 |
| C. | 15th Aug 1949 |
| D. | 1st Jan 1947 |
| Answer» A. 1st Sep 1956 | |
| 170. |
…………….banks can borrow from the Reserve Bank of India based on the eligible securities or get the financial assistance in times of need by rediscounting bills of Exchange. |
| A. | Scheduled Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Scheduled Banks | |
| 171. |
The first bank to set up a separate merchant banking division in India. |
| A. | Punjab national bank |
| B. | Standard charted bank |
| C. | National & Grin days bank |
| D. | National city bank. |
| Answer» A. Punjab national bank | |
| 172. |
As a discipline to be one of the most important element in the business world where money is almost everything. |
| A. | Accounting |
| B. | Standardizing |
| C. | Recording |
| D. | none of these |
| Answer» A. Accounting | |
| 173. |
Budgeting requires eliminating redundant expenditure that no longer serves any clearly defined purpose. |
| A. | Zero based |
| B. | Open end |
| C. | Financial |
| D. | none of these |
| Answer» A. Zero based | |
| 174. |
The second approach in the application of Zero-based Budgeting (ZBB) is to identify and remove duplication or expenditure. |
| A. | Multiplication |
| B. | Divided |
| C. | Adding |
| D. | triple |
| Answer» A. Multiplication | |
| 175. |
A system of zero-based budgeting was first introduced formally in the United States Department of Agriculture in preparing its budget. |
| A. | Fiscal year |
| B. | Leap Year |
| C. | Academic Year |
| D. | Draconic year |
| Answer» A. Fiscal year | |
| 176. |
Zero-based budgeting was introduced for the first time in a government system by ………………….. |
| A. | Jimmy Carter |
| B. | F.W.Tailor |
| C. | Robert Shiller |
| D. | Abhijit Banarjee |
| Answer» A. Jimmy Carter | |
| 177. |
A decision package includes…………..justification for budget estimates of an activity. |
| A. | Comprehensive |
| B. | Comparative |
| C. | Duplicated |
| D. | none of these |
| Answer» A. Comprehensive | |
| 178. |
A main factor contributing to the failure of zero-based budgeting has been due to too much of……………..involved in the procedure. |
| A. | Paper work |
| B. | Computerized work |
| C. | Manual Work |
| D. | none of these |
| Answer» A. Paper work | |
| 179. |
………………. manpower is a hard task for management. |
| A. | Re-Deploying |
| B. | Deploying |
| C. | Scheduling |
| D. | none of these |
| Answer» A. Re-Deploying | |
| 180. |
Situation of resource crunch when demands for desirable expenditure are far ………………….. the available resources. |
| A. | out stripping |
| B. | in stripping |
| C. | overlapping |
| D. | none of these |
| Answer» A. out stripping | |
| 181. |
Zero-based budgeting is an approach to budgeting that begins from the principle that………………. or activities Should be factored into the plans for the coming budget period. |
| A. | no cost |
| B. | no Value |
| C. | zero budget |
| D. | none of these |
| Answer» A. no cost | |
| 182. |
Zero-based budgeting first came out in ………….. |
| A. | 1960 |
| B. | 1980 |
| C. | 1950 |
| D. | 1999 |
| Answer» A. 1960 | |
| 183. |
The ‘………….. ’ is a term associated with ZBB, and refers to an analysis of each discrete activity, according to cost and purpose. |
| A. | Decision Package |
| B. | Zero budgeting Plan |
| C. | Accountancy |
| D. | Short Sales |
| Answer» A. Decision Package | |
| 184. |
The key benefit is that serves to concentrate attention on the…………… |
| A. | Zero based budgeting |
| B. | Activity based badgeting |
| C. | Value preposition budgeting |
| D. | none of these |
| Answer» A. Zero based budgeting | |
| 185. |
ZBB can offer a number of advantages when it is applied ………….. |
| A. | intelligently |
| B. | Ascending order |
| C. | Descending order |
| D. | none of these |
| Answer» A. intelligently | |
| 186. |
The basic process of zero-based budgeting is to justify budget requests for every , regardless of prior period budgets. |
| A. | Budgeting cycle |
| B. | Reuse cycle |
| C. | recession cycle |
| D. | none of these |
| Answer» A. Budgeting cycle | |
| 187. |
Zero-based budgeting addresses such problems that can take place with ……………. rolling budgets. |
| A. | Conventional |
| B. | Non conventional |
| C. | budging |
| D. | none of these |
| Answer» A. Conventional | |
| 188. |
…………… accounting is a financial reporting process which records the results of inflation on the financial statement that a firm prepare and published at the end of the financial year. |
| A. | Inflation |
| B. | Corporate |
| C. | Management |
| D. | Bank |
| Answer» A. Inflation | |
| 189. |
One of the most significant and basic principle of the accounting process is called as the …………..Principle. |
| A. | measuring Unit |
| B. | Non Measuring Unit |
| C. | Scheduled Unit |
| D. | none of these |
| Answer» A. measuring Unit | |
| 190. |
Inflation accounting as already stated is also called as the ………….. accounting. |
| A. | Price Level Accounting |
| B. | Inflationary Accounting |
| C. | corporate accounting |
| D. | Management Accounting |
| Answer» A. Price Level Accounting | |
| 191. |
The impact of inflation comes in the form of rising prices of…………….. and Assets. |
| A. | Output |
| B. | Surplus |
| C. | Liabilities |
| D. | Deficit |
| Answer» A. Output | |
| 192. |
————— includes all activities involved in the transformation of savings into investment. |
| A. | Financial system |
| B. | Financial service |
| C. | Economic system |
| D. | Saving system |
| Answer» B. Financial service | |
| 193. |
Underwriting of shares by a financial intermediary is a kind of ————— activity. |
| A. | Fee based |
| B. | Fund based |
| C. | Both of these |
| D. | None of these |
| Answer» B. Fund based | |
| 194. |
————— services are mainly provided to foreign investors. |
| A. | Custodial services |
| B. | Financial services |
| C. | Factoring services |
| D. | None of these |
| Answer» A. Custodial services | |
| 195. |
Term lending institutions are ————— market intermediaries. |
| A. | Money market |
| B. | Bill market |
| C. | Capital market |
| D. | None of these |
| Answer» C. Capital market | |
| 196. |
The minimum net worth for the first category of merchant banker is Rs. ————— |
| A. | 2 crore |
| B. | 5 crore |
| C. | 1crore |
| D. | 10 crore |
| Answer» C. 1crore | |
| 197. |
A merchant banker can claim a charge —————% as the commission for the whole issue. |
| A. | 5 |
| B. | 10 |
| C. | 2.5 |
| D. | 0.5 |
| Answer» D. 0.5 | |
| 198. |
————— fund invests in highly liquid securities like commercial paper. |
| A. | Equity fund |
| B. | Balanced fund |
| C. | Income fund |
| D. | Money market mutual fund |
| Answer» D. Money market mutual fund | |
| 199. |
The company which sets up a mutual fund is called ————— |
| A. | Fund company |
| B. | Sponsor |
| C. | Originator |
| D. | Obligator |
| Answer» B. Sponsor | |
| 200. |
The small investors’ gateway to enter into big companies is ————— |
| A. | Equity shares |
| B. | Debentures |
| C. | Preference shares |
| D. | Mutual fund |
| Answer» D. Mutual fund | |
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