Net working capital is defined as

Q:

What is the most direct cause of customer loyalty?

A) Friendly staff	B) High food safety standards
C) Good records	D) Delicious food

Answer & Explanation Answer: B) High food safety standards

Explanation:

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Q:

The basic goal of integrated marketing communications is to

A) communicate the value proposition to the target market	B) tell the world about your company
C) create desire	D) manipulate consumers

Answer & Explanation Answer: A) communicate the value proposition to the target market

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Q:

As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ______.

A) Payment Banks	B) Small Finance Banks
C) NBFCs	D) Regional Rural Banks

Answer & Explanation Answer: C) NBFCs

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Q:

Business transaction are recorded

A) in chronological order	B) at the end of the month
C) weekly	D) any of the above

Answer & Explanation Answer: A) in chronological order

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Q:

Which major bank has launched the 'Unnati Credit Card' in 2017 to enhance credit inclusion in India?

A) SBI	B) Axis Bank
C) HDFC Bank	D) ICICI Bank

Answer & Explanation Answer: A) SBI

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Q:

On a classified balance sheet, companies usually list current assets

A) in the order of acquisition.	B) with the largest dollar amounts first.
C) in alphabetical order.	D) in the order in which they are expected to be converted into cash.

Answer & Explanation Answer: D) in the order in which they are expected to be converted into cash.

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Q:

A trial balance will not balance if

A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.	B) correct journal entry is posted twice
C) the purchase on credit basis is debited to purchases and credited to cash	D) None of the above

Answer & Explanation Answer: A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.

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Q:

In December 2017, as per the announcement made by the finance Ministry, nearly how much amount have banks lost on account of frauds in the fiscal 2016-17?

A) Rs 50,000 crore	B) Rs 5000 crore
C) Rs 17,000 crore	D) Rs 1,000 crore

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