Practice Banking System in India Questions and Answers

• Which of the following is true with respect to the difference between a bank’s balance sheet and a manufacturing company’s balance sheet? A.    Ther...
• Recently RBI approved five banks to work with it on a pilot project for its digital currency -- the Digital Rupee, which of the following is not in the lis...
• Which private sector bank has launches 7th edition of knowledge summit 'Evolve' for MSMEs with sub-themes such as 'Digitalisation to Building Indian SMEs�...
• Recently which of the following two privates sector bank have got approval from the RBI to open a special Vostro account for trade in rupees and both the a...
• Recently which of the following two privates sector bank have got approval from the RBI to open a special Vostro account for trade in rupees and both the a...
• Recently RBI approved five banks to work with it on a pilot project for its digital currency -- the Digital Rupee, which of the following is not in the lis...
• Which of the following private sector bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIF...
• Which of the following private sector bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIF...
• ABC Ltd purchased an asset of Rs.70 crore. As on date of purchase, 1 USD was equivalent to Rs.70. the company paid after a year when the exchange rate chan...
• What would be the profit as per cash basis of accounting based on the following information: Revenues on account = Rs.50000 Cash Sales = Rs.70000 Salari...
• Which of the following Statement is correct with respect to cash and cash equivalents?
• The cost of a machine with life of 10 years was Rs.12 lakh with no salvage value expected at the end of the life of the machine. However, after 5 years, th...
• Which of the following is a notional cost?
• Anger, frustration, humor etc. are which types of barriers to the effective communication?
• Improving the employee performance is a key part of human resource development. Which of the following helps in achieving this by increasing employee’s k...
• Which app is launched by SEBI to create awareness among the investors about the basic concepts of Securities Market, KYC Process, trading and settlement, m...
• __________ is a theory according to which the interest rate differential between two countries is equal to the differential between the forward exchange ra...
• Where any Trade receivables are financed through Trade Receivables Discounting System (TReDS); the concerned TReDS on behalf of a factor, shall within a pe...
• Which of the following is applicable on Dynamic QR code of on B2C invoices under GST applicable from July 2021?
• Which of the following is not one of the four themes mentioned in the 15th Finance Commission w.r.t grant-in aid-to states?
• What is the value of per unit of inventory if the firm uses absorption costing? Direct material cost per unit = Rs.3 Direct Labour cost per unit = Rs.4 ...
• Which of the following is a modern technique of managerial accounting?
• Under the _________ method, the semi variable costs are not classified into fixed and variable costs.
• A company incurred direct material costs of Rs.100,000, direct labour cost of Rs.68,000, variable overheads of Rs.24,000 and fixed overheads of Rs.1,50,000...
• Which of the following is not a feature of the cellular manufacturing?
•   The amount payable on application on every security shall not be less than how much of the nominal amount of the security?
• Where an application is made by the transferor alone and relates to partly paid shares, the transfer shall not be registered, unless the company gives the ...
• The unpaid or unclaimed dividend lying in the Unpaid Dividend Account has to be transferred to the IEPF after how what period?
• An independent director can be appointed for a tenure up to ________
• What is the minimum number of members required to form an Audit committee of the Board?
• The president of the NCLT and the chairperson and Judicial members of the NCLAT are appointed in consultation with whom?
• Which of the following is not-non planned expenditure?
• What is monetary base?
• Calculate NNPfc from GNPmp = 5069, Consumption of fixed capital = 626, indirect tax = 475, subsidies = 49
• Which of the following statements is incorrect regarding Phillips’s curve?
• Which of the following statements is correct if the demand function is D = 18-3P?
• The theory dealing with fiscal ______ is where the federal is trying to align government expenditure with government revenue.
• Which the following is not the reason for demand pull inflation?
• A substandard asset is such that it has remained in the NPA status for a period of less than or equal to ____________ .
• As per Recovery of Debts due to Banks and Financial Institutions Act 1993, any case referred to the Debt Recovery Tribunal should be settled within _______...