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Home Interview Accounting and Finance Comments

  • Question
  • A check returned by the bank marked nsf means


  • Options
  • A. Cheque has been forged
  • B. Cheque can't be cashed being illegal
  • C. There are not sufficient funds in your accoun
  • D. Bank can't verify your identity

  • Correct Answer
  • There are not sufficient funds in your accoun 

    Explanation

    NSF means - Not Sufficient Funds.

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. Commercial banks are funded through which of the following?

    • Options
    • A. Stock holders
    • B. Government funding
    • C. Services
    • D. Customer deposits
    • Discuss
    • 2. Patents, Copyrights and Trademarks are examples of

    • Options
    • A. Short-term investments
    • B. Fixed assets
    • C. Long-term investments
    • D. Intangible assets
    • Discuss
    • 3. The value of money varies

    • Options
    • A. inversely with the price level
    • B. directly with the price level
    • C. directly with the volume of employment
    • D. directly with the interest rate
    • Discuss
    • 4. The primary Economic function of the Financial system is to

    • Options
    • A. Providing experts advice to investors and savers
    • B. Match one person's savings with another person's investment
    • C. Keeping interest rates low
    • D. Match one person's consumpion expenditure with another person's capital expenditure
    • Discuss
    • 5. What is Line of credit?
    • Discuss
    • 6. The accounting software Tally was developed by

    • Options
    • A. Wipro
    • B. TCS
    • C. HCL
    • D. Infosys
    • Discuss
    • 7. How can investors receive compounding returns?

    • Options
    • A. By investing their earnings back into their original investment
    • B. By diversifying their investment portfolio
    • C. By selecting a savings account that has a higher interest rate
    • D. By transferring their earnings back into high-risk investment
    • Discuss
    • 8. Reconciling the bank statement monthly is an example of

    • Options
    • A. establishment of responsibility
    • B. independent internal verification
    • C. documentation procedures
    • D. segregation of duties
    • Discuss
    • 9. What is true about certificates of deposit?

    • Options
    • A. the money has to remain in the account for a specified period of time
    • B. they are the most liquid account available
    • C. they offer lower interest rates than savings accounts
    • D. All the above
    • Discuss
    • 10. The reserves of a commercial bank consist of

    • Options
    • A. the bank's net worth
    • B. the amount of money market funds it holds
    • C. government securities that the bank holds
    • D. deposits at the Federal Reserve Bank and vault cash
    • Discuss


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