Accounting and Finance problems
- 1. Expand CAR, in Banking Terminology?
Options- A. Current Applicable Ratio
- B. Capital Adequacy Ratio
- C. Capital Available Request
- D. Compiled Acquired Ratio Also asked in: Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Capital Adequacy Ratio
Explanation:
Capital Adequacy Ratio (CAR) is also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk.
1. The capital adequacy ratio (CAR) is a measure of a bank's capital.
2. It is used to protect depositors and promote the stability and efficiency of financial systems around the world.
3. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements.
- 2. Bank Reconciliation Statement is prepared by Also asked in: Bank Clerk, Bank PO
Correct Answer: The Accountant typically prepares the Bank Reconciliation Statement using all transactions Bank Reconciliation Statement : Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a company and the cash balance according to its bank statement This statement can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger
- 3. What does Earned Income Tax Credit (EITC) means ? Also asked in: Bank Clerk, Bank PO
Correct Answer: The United States Federal Earned Income Tax Credit (EITC) is a refundable tax credit, that helps low and medium - income individuals and couples, primarily for those who have qualifying children
- 4. What is the minimum period of time for which one can open an FD(Fixed Deposit) account ?
Options- A. 15 days
- B. 6 months
- C. 7 days
- D. 1 year Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: 7 days
- 5. RBI controls the commercial banks through
Options- A. Calling for returns and other information
- B. Periodic inspection of banks
- C. Follow up action
- D. All of the above Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: All of the above
- 6. NPA in banking terminology implies ______.
Options- A. Net Performing Assets
- B. New Performing Assets
- C. Non-Performing Assets
- D. New Pension Act Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: Non-Performing Assets
- 7. Which Bank has been given scheduled bank status by RBI ?
Options- A. Disha
- B. Suryoday
- C. Janalakshmi
- D. Ujjivan Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: Ujjivan
Explanation:
Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI.
- 8. What are steps to define supplier? Discuss
Correct Answer: Supplier should follow the check list 1 He should create confidence in the client mind 2 Services to be done (fulfilled in time) 3 Services to be done according the specification of the client 4 He should be placed the another order by doing the above three steps
- 9. What do you mean by invoice on hold? Discuss
Correct Answer: Invoice holds are 2 types 1)Sytem Hold 2) User Defined Holds Sytem Holds: Sytem holds the invoice if the Invoice Amt total is not equal to Invoice Distribution Amt To release the hold correct the amount and again validate the invoice User Defined Holds: These is defined by user If we do want to make payments to the validated invoice Go to particular invoice and apply hold going to Holds tab
- 10. The largest component of National Income in India is ____ ?
Options- A. Service Sector
- B. Industrial Sector
- C. Agriculture Sector
- D. Trade Sector Also asked in: AIEEE, Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: Service Sector
Explanation:
The largest component of National income is service sector.
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