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:

In Jan 2016, who among the following was chosen as the new face for Incredible India Campaign?

A) Aamir Khan	B) Amitabh Bachchan
C) Shah Rukh Khan	D) Salman Khan

Answer & Explanation Answer: B) Amitabh Bachchan

Explanation:

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

Which Indian Maharashtra Company has been the title sponsor of Hockey India League since 2016?

A) Gas Authority of India (GAIL)	B) National Thermal Power Corporation (NTPC)
C) Coal India Limited (CIL)	D) Oil and Natural Gas Corporation (ONGC)

Answer & Explanation Answer: C) Coal India Limited (CIL)

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In August 2017, RBI announced to transfer approximately how much amount for the Financial Year 2016-17 as a dividend to the Government?

A) Rs 30,659 crore	B) Rs 50,650 crore
C) Rs 60,659 crore	D) Rs 70,659 crore

Answer & Explanation Answer: A) Rs 30,659 crore

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

On 26 July 2017, the Parliament passed the Collection of Statistics (Amendment) Bill, 2017. The Bill aims at amending the ______.

A) Collection of statistics Act, 2008	B) Collection of statistics Act, 2015
C) Collection of statistics Act, 2010	D) Collection of statistics Act, 2012

Answer & Explanation Answer: A) Collection of statistics Act, 2008

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Sea Guardian drones were obtained from which country?

A) France	B) Russia
C) United States	D) United Kingdom

Answer & Explanation Answer: C) United States

Explanation:

The Indian Navy has inducted two MQ-9B Sea Guardian unarmed drones procured from the U.S. on lease to enhance surveillance over the Indian Ocean Region (IOR).

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

An indifference curve measures the same level of ___________

A) Output from two factors	B) Satisfaction from two commodities
C) Satisfaction from Income and Capital	D) Satisfaction from expenditure and savings

Answer & Explanation Answer: B) Satisfaction from two commodities

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance	B) Mutual Fund Offering
C) Wealth Management	D) Recurring Deposit Scheme

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