Questions

Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The term 'Macro Economics' was used by __________

A) J.M. Keynes B) Ragner Frisch
C) Ragner Nurkse D) Prof. Knight
 
Answer & Explanation Answer: B) Ragner Frisch

Explanation:
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Filed Under: Indian Economy

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Q:

As it relates to international trade, dumping

A) is the practice of selling goods in a foreign market at less than cost. B) is a form of price discrimination illegal under U.S. antitrust laws.
C) is defined as selling more goods than allowed by an import quota. D) constitutes a general case for permanent tariffs.
 
Answer & Explanation Answer: A) is the practice of selling goods in a foreign market at less than cost.

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which state organized India's first Tribal Entrepreneurship Summit in November 2017?

A) Jharkhand B) Chhattisgarh
C) West Bengal D) Odisha
 
Answer & Explanation Answer: B) Chhattisgarh

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Who is the CEO of Flipkart in 2016?

A) Ananth Narayanan B) Mukesh Bansal
C) Binny Bansal D) Sachin Bansal
 
Answer & Explanation Answer: C) Binny Bansal

Explanation:
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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

Which country hosted the Asian Women's Boxing Championship in 2017 when India's iconic boxer Mary Kom won gold?

A) Vietnam B) China
C) Indonesia D) Japan
 
Answer & Explanation Answer: A) Vietnam

Explanation:
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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Energy possessed by an object by its position or configuration is called

A) Kinetic energy B) Nuclear energy
C) Potential energy D) Electrical energy
 
Answer & Explanation Answer: C) Potential energy

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Which of the following is not a renewable source of energy?

A) Solar B) Wind
C) Ocean waves D) Coal
 
Answer & Explanation Answer: D) Coal

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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