Interview Questions

Q:

What type of account is accounts receivable?

A) Asset B) Liability
C) Expense D) Equity
 
Answer & Explanation Answer: A) Asset

Explanation:

Accounts receivable is listed as a current asset in the balance sheet, since it is usually convertible into cash in less than one year as it is the amount owed by the customer to the seller.

 

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Q:

when a purchase on account is made the invoice becomes

A) debt B) credit
C) both A & B D) None of the above
 
Answer & Explanation Answer: A) debt

Explanation:
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Q:

Which standard govern parallel communications?

A) CAT 5 B) RS232
C) RS-232a D) IEEE 1284
 
Answer & Explanation Answer: D) IEEE 1284

Explanation:
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Filed Under: Network Administration - Technology
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

A DBMS query language is designed to

A) Specify the structure of a database B) Support in the development of complex applications software
C) Support end users who use English-like commands D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:
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Q:

Accounts that normally have debit balances are

A) Assets,Expenses,and Common stock B) Assets,Dividends,and Expenses
C) Assets,Expenses,and Revenues D) All of the above
 
Answer & Explanation Answer: B) Assets,Dividends,and Expenses

Explanation:
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Q:

The database schema is written in

A) DDL B) HLL
C) DCL D) DML
 
Answer & Explanation Answer: A) DDL

Explanation:

The database schema is written in DDL. A data definition language or data description language (DDL) is a syntax similar to a computer programming language for defining data structures, especially database schemas.

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Q:

RBI issued currency notes under which system

A) Maximum Fiduciary System B) Proportional Reserve System
C) Fixed Fiduciary System D) Fixed Minimum Reserve System
 
Answer & Explanation Answer: D) Fixed Minimum Reserve System

Explanation:

RBI issued currency notes under Fixed Minimum Reserve System.

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

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Q:

A decline in the real interest rate will

A) shift the investment schedule downward B) shift the investment schedule leftward
C) increase the amount of investment spending D) None of the above
 
Answer & Explanation Answer: C) increase the amount of investment spending

Explanation:

The real interest rate is the percentage increase in purchasing power that the lender receives on a loan. A decline in the real interest rate will increase the amount of investment spending.

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

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