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Cost Accounting

All the following functions are associated with commercial bank except that

» Fundamentals of Economics solved MCQs /
Question:

All the following functions are associated with commercial bank except that

A.

Commercial Bank cannot issue Paper Notes

B.

Commercial Bank acts as a Banker to the Government

C.

Commercial Banks are mostly privately – owned and privately – managed

D.

to accept Deposit from the Public is the most important function of a commercial bank

Answer» a. Commercial Bank cannot issue Paper Notes

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

All the following functions are associated with commercial bank except that Read More »

» Fundamentals of Economics solved MCQs

Which of the following agency is irrevocable under The Indian Contract Act, 1872?

» Laws and Ethics solved MCQs /
Question:

Which of the following agency is irrevocable under The Indian Contract Act, 1872?

A.

Agency for fixed period

B.

Agency for single transaction

C.

Agency coupled with interest

D.

Continuing agency

Answer» c. Agency coupled with interest

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following agency is irrevocable under The Indian Contract Act, 1872? Read More »

» Laws and Ethics solved MCQs

Where the endorser does not want that the endorsee or any other holder to incur anyexpense on his account is called

» Laws and Ethics solved MCQs /
Question:

Where the endorser does not want that the endorsee or any other holder to incur anyexpense on his account is called

A.

Restrictive endorsement

B.

Sans frais endorsement

C.

Conditional endorsement

D.

Unwanted endorsement

Answer» b. Sans frais endorsement

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Where the endorser does not want that the endorsee or any other holder to incur anyexpense on his account is called Read More »

» Laws and Ethics solved MCQs

Which of the following is an example of an intermediate goods.

» Fundamentals of Economics and Management solved MCQs /
Question:

Which of the following is an example of an intermediate goods.

A.

A Tata Indica sold by a dealer of second hand car

B.

Steel and cement used to construct a flyover

C.

Farming crop purchased by FCI

D.

All the three

Answer» b. Steel and cement used to construct a flyover

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following is an example of an intermediate goods. Read More »

» Fundamentals of Economics and Management solved MCQs

Under Employee’s State Insurance Act, 1948, the term of the office of the members ofMedical Benefit Council shall be

» Laws and Ethics solved MCQs /
Question:

Under Employee’s State Insurance Act, 1948, the term of the office of the members ofMedical Benefit Council shall be

A.

2 Years

B.

4 Years

C.

5 Years

D.

10 Years

Answer» b. 4 Years

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Under Employee’s State Insurance Act, 1948, the term of the office of the members ofMedical Benefit Council shall be Read More »

» Laws and Ethics solved MCQs