Accounting and Finance Questions

Q:

Most financial investments are examples of what type of risk?

A) Credit risk B) Longevity risk
C) Human risk D) Inflation risk
 
Answer & Explanation Answer: C) Human risk

Explanation:

Most financial investments are examples of Human risk type of risks. Since, we humans invest in any kind of financial investments on our own risk expecting profits.

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

0 2053
Q:

What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept?

Answer

For making accounting entries the accounting dept will need the total transactions of the particular payroll run grouped into various expenditure/liability/Income items like salary,loans,ees pension,ers pension,tax, PF/NI etc. This information should be employee wise & relevant cost center of the employee(in a large organisation).

Mostly payroll will have expenses/liabilities only. Few payrolls might have Income also.

To be specific to the reports bit of your question following reports are produced

1) Net pay reconciliations report
2) Deductions report comprising all voluntary and non voluntary deductions
3) Payments report
4) Costing report
5) Exceptions report
6) High pay salary report
7) No pay salary report

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0 2051
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
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 2049
Q:

Standard deviation measures which type of risk?

A) Non diversifiable B) Economic
C) Systematic D) Total
 
Answer & Explanation Answer: D) Total

Explanation:

Standard deviation measures total risk in stocks.

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

1 2026
Q:

Which of the following can increase your credit card’s APR?

A) making credit card payments B) missing credit card payments
C) not using credit card for long time D) All of the above
 
Answer & Explanation Answer: B) missing credit card payments

Explanation:

APR means Annual Percentage Rate. Creditcards apr can be increased when you missed credit card payments.

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

0 2009
Q:

In which of the following cases will total revenue increase?

A) Price rises and demand is inelastic B) Price falls and supply is inelastic
C) Price rises and demand is elastic D) Price falls and demand is inelastic
 
Answer & Explanation Answer: A) Price rises and demand is inelastic

Explanation:

In the case of, "Price rises and demand is inelastic", the total revenue increases.

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

1 1997
Q:

Which of the following statements about market segmentation is true?

A) It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants. B) It is a process of creating an image or identity of the product in the minds of the target market.
C) It is a process of evaluating each segment's attractiveness and selecting one or more to enter. D) It involves changing the identity of a product, relative to the identity of competing products, in the collective minds of the target market.
 
Answer & Explanation Answer: A) It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants.

Explanation:
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Filed Under: Accounts Receivable
Exam Prep: AIEEE , Bank Exams , CAT
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1 1996
Q:

An increase in the price of product A will

A) reduce the demand for resources used in the production of A. B) reduce the demand for substitute product B
C) increase the demand for complementary product C. D) increase the demand for substitute product B.
 
Answer & Explanation Answer: D) increase the demand for substitute product B.

Explanation:

If the price of a product rises, the demand for the substitute product increases.

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

0 1995