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Q:

A budget is best described as

A) A master control device B) The most crucial component of a company evaluation process
C) A formal statement of a company's future plans usually expressed in monetary terms D) An informal statement of company future plans usually expressed in monetary terms

Answer:   C) A formal statement of a company's future plans usually expressed in monetary terms



Explanation:

A Budget is a financial plan of expected cash inflows and outflows that a business generates.
It is generally a long-term statement involving ammual updates. It is best described as A formal statement of a company's future plans usually expressed in monetary terms.

Q:

Economists refer to purchases of stocks and bonds as investment.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:
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1 26
Q:

What is Repo Rate and Reverse Repo Rate?

Answer

Repo Rate is the rate at which the commercial banks borrows money from the central bank of a country i.e, RBI in India.


 


Reverse Repo Rate is the rate at which the central bank of a country, in case of India it is RBI borrows money from the commercial banks in the country.

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Q:

On what basis currency value depends?

A) inflation B) employment
C) imports and exports D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

In economy, the currency value depends on imports and exports, inflation, employment, interest rates, growth rate, trade deficit, performance of equity markets, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 133
Q:

The shortcut key to quit from tally is

A) CTRL + Q B) CTRL + ESC
C) CTRL + T D) CTRL + P
 
Answer & Explanation Answer: A) CTRL + Q

Explanation:
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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 109
Q:

Smart money is a term used for

A) Credit cards B) Cash with bank
C) Cash with public D) Internet banking
 
Answer & Explanation Answer: A) Credit cards

Explanation:

Smart money is a term used for credit card.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

0 101
Q:

Suspense account group is defined under

A) Assets B) Income
C) Expenditure D) Liabilities
 
Answer & Explanation Answer: D) Liabilities

Explanation:
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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 205
Q:

Which of the following most impacts your credit score?

A) Payment History B) Paying off your credit card bill
C) credit card bill due D) All of the above
 
Answer & Explanation Answer: B) Paying off your credit card bill

Explanation:

Paying off your credit card bill most impacts your credit score.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 131
Q:

The internal rate of return is defined as the

Answer

The Internal Rate of Return (IRR) is defined as the measure of an investment’s rate of return. It is also called the discounted cash flow rate of return.

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