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 Business Awareness Questions

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Q:

Quality assurance is an example of which process?

A) Testing B) Manufacturing
C) Delivering D) None of the above
 
Answer & Explanation Answer: A) Testing

Explanation:

Quality assurance (QA) is a way of preventing mistakes and defects in manufactured products and avoiding problems when delivering solutions or services to customers.

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

2 1401
Q:

Which type of unit is charged with regulating business?

Answer

Commission is charged with regulating business.

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Subject: Business Awareness Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

3 1393
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
 
Answer & Explanation Answer: C) Rs 17,000 crore

Explanation:
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Exam Prep: Bank Exams

4 1357
Q:

Equivalent units of production are equal to

A) number of whole units that could have been completed if all work of the period had been used to produce whole units B) identifiable units existing at the end of the period in a production department
C) units completed by a production department in the period D) number of units worked on during the period by a production department
 
Answer & Explanation Answer: A) number of whole units that could have been completed if all work of the period had been used to produce whole units

Explanation:

Equivalent units of production are equal to number of whole units that could have been completed if all work of the period had been used to produce whole units.

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

2 1353
Q:

Which of the following does not fall into the functions ofPayments Banks?

A) acceptance of demand deposits B) Internet banking
C) remittance services D) lending services
 
Answer & Explanation Answer: D) lending services

Explanation:
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Exam Prep: Bank Exams

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Q:

How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?

A) $575 million B) $275 million
C) $375 million D) $475 million
 
Answer & Explanation Answer: C) $375 million

Explanation:
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Exam Prep: AIEEE , Bank Exams , CAT

7 1349
Q:

A raise in the price of a product causes

A) an increase in competition B) an increase in demand
C) a decrease in competition D) a decrease in supply
 
Answer & Explanation Answer: A) an increase in competition

Explanation:

The raise in the price of a product may be due to increase in cost of production, increase in the demand of the product and increase in the margin.

 

When the price of a product increases its demand may fall as per the Law of Demand and an increase in the competition.

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

4 1344
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.

Explanation:
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Exam Prep: Bank Exams

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