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Practice Accounts Questions and Answers

___________, the greater will be its social prestige.
CSR is a _________.
Which of the following banking transactions involves the lending of money to individuals or businesses in exchange for interest payments and the promise of...
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
When a customer deposits a check into their bank account, what type of transaction is taking place?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
What type of banking transaction allows a customer to temporarily invest their money with the bank in exchange for higher interest rates, but with limited ...
What banking transaction involves the exchange of one currency for another at the prevailing exchange rate?
Which banking transaction provides a secure location for customers to store valuable items such as documents, jewelry, or collectibles?
What type of banking transaction allows customers to invest in a diverse portfolio of stocks, bonds, and other securities?
What does a SWIFT Code primarily identify in international banking transactions?
In international wire transfers, which role does a SWIFT Code play for the sender and the beneficiary?
What was a significant factor contributing to the decline in Average Revenue per User (ARPU) in the Indian telecom industry?
Which major factor led to high levels of debt among Indian telecom operators?
Which telecom operator consolidation occurred in the Indian telecom industry, leading to a reduced number of major players?
What was a key issue related to regulatory challenges in the Indian telecom industry?
What is the main focus of Railtel Corporation of India?
What does the term "NEFT" stand for in the context of Indian banking?
What is the maximum limit for insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
What is the purpose of a "CIBIL score" in the context of banking in India?
Which regulatory body in India is responsible for overseeing and regulating the functioning of non-banking financial companies (NBFCs)?
What is the primary function of the Securities and Exchange Board of India (SEBI)?
In the context of banking, what does the term "KYC" stand for?
Which Act in India regulates the negotiation and transfer of negotiable instruments such as promissory notes, bills of exchange, and cheques?
What is the primary objective of the Reserve Bank of India (RBI)?
Which type of account is specifically designed for the purpose of encouraging savings among minors in India?
What is the primary function of the National Payments Corporation of India (NPCI)?
Under which act does the Securities and Exchange Board of India (SEBI) operate to regulate the securities market in India?
What is the primary objective of the Fiscal Responsibility and Budget Management (FRBM) Act in India?
Which institution in India is responsible for the conduct of monetary policy and regulation of the money supply in the economy?
What is the primary objective of the Insolvency and Bankruptcy Code (IBC) in India?
The work of one clerk is automatically check by another clerk is called _________.
The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a severe disability?
Which section of the Income Tax Act, 1961, allows a deduction of interest paid on loan taken for purchase of an electric vehicle?
ICDS IV primarily deals with which aspect of financial reporting.
Under which section of the Income Tax Act, 1961, is the term "person" defined?

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