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Home Interview Accounting and Finance Comments

  • Question
  • What is the full form of SOX and what does it means in Accounting ?


  • Correct Answer
  • Sarbanes Oxley Act Otherwise known as Public companies Accounting reforms and investor protection Act It was enacted in 2002 in USA after lot of scams come up on accounting framework whereby investors lose faith and confidence on accounting disclosures 

  • Tags: Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. ETCS means

    • Options
    • A. Electronic Tax Collected at Source
    • B. Electric Tax Collected at Source
    • C. Enable Tax Collected at Source
    • D. Electrical Tax Collected at Source
    • Discuss
    • 2. The largest component of National Income in India is ____ ?

    • Options
    • A. Service Sector
    • B. Industrial Sector
    • C. Agriculture Sector
    • D. Trade Sector
    • Discuss
    • 3. What do you mean by invoice on hold?
    • Discuss
    • 4. What are steps to define supplier?
    • Discuss
    • 5. Which Bank has been given scheduled bank status by RBI ?

    • Options
    • A. Disha
    • B. Suryoday
    • C. Janalakshmi
    • D. Ujjivan
    • Discuss
    • 6. Which among the following is an asset for a bank?

    • Options
    • A. The loans disbursed by Bank to its customers
    • B. Cash Deposits of Customers
    • C. Investments made by Bank?s customers in its financial Products
    • D. All of the above
    • Discuss
    • 7. When an already listed organisation makes fresh issue of securities to the public, it is known as ________.

    • Options
    • A. IPO
    • B. Preferential Issue
    • C. Rights Issue
    • D. FPO
    • Discuss
    • 8. Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

    • Options
    • A. Janalakshmi
    • B. Utkarsh
    • C. Suryoday
    • D. None
    • Discuss
    • 9. When a debtor owes several debts to a banker and makes a payment, the right of appropriation lies with

    • Options
    • A. The Court
    • B. The Banker
    • C. The Debtor
    • D. All the above
    • Discuss
    • 10. Which payment method typically charges the highest interest rates?

    • Options
    • A. Credit cards
    • B. Payday loans
    • C. Cashier's checks
    • D. Pre-paid cards
    • Discuss


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