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Home Interview Accounting and Finance Comments

  • Question
  • Define Budgetary Control ?


  • Correct Answer
  • Budgetary Control is establishment of budgets and the continuous comparison of actual results with the planned results It computes the variances and after that management takes necessary actions to maintain favorable variations, through revision of the budgets 

  • Tags: Bank Clerk

    Accounting and Finance problems


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    • 1. Most modern Banking Systems are based on

    • Options
    • A. commodity money
    • B. 100 percent reserves
    • C. fractional reserves
    • D. money of intrinsic value
    • Discuss
    • 2. What is ?Bill Discount? ?
    • Discuss
    • 3. What is CRR rate?
    • Discuss
    • 4. What have you learned from your studies that can be applied to a career in investment banking?
    • Discuss
    • 5. What is the difference between cheque and Demand Draft?
    • Discuss
    • 6. In which year, the first bank of India "Bank of Hindustan" was established ?

    • Options
    • A. 1677
    • B. 1770
    • C. 1796
    • D. 1831
    • Discuss
    • 7. As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio between authorized, subscribed and paid-up capital of a banking company should be

    • Options
    • A. 2 : 2 : 1
    • B. 4 : 2 : 1
    • C. 2 : 1 : 4
    • D. 1 : 1 : 1
    • Discuss
    • 8. When referring to student loans what is a grace period?

    • Options
    • A. 6 months
    • B. 12 months
    • C. 18 months
    • D. 24 months
    • Discuss
    • 9. Tally package is developed by

    • Options
    • A. Tally Solutions
    • B. Coral Softwares
    • C. Vedika Softwares
    • D. Peutronics
    • Discuss
    • 10. Interest is usually associated with

    • Options
    • A. doubtful accounts
    • B. bad debts
    • C. accounts receivable
    • D. notes receivable
    • Discuss


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