Question66:-The amount set aside for unrealized profit on stock is called
A:-Stock Reserve
B:-General Reserve
C:-Capital Reserve
D:-None of these
Correct Answer:- Option-A
Question67:-If the goods are invoiced at 25% on cost price, it means on selling price.
A:-20%
B:-25%
C:-33 and 1/3%
D:-50%
Correct Answer:- Option-A
Question68:-The creditors turnover ratio is obtained by dividing the Net Credit Annual Purchases by
A:-Average Trade Debtors
B:-Total Creditors
C:-Average Trade Creditors
D:-None of these
Correct Answer:- Option-C
Question69:-An increase in current liabilities the working capital.
A:-Decreases
B:-Increases
C:-Equates
D:-None of these
Correct Answer:- Option-A
Question70:-The Accounting Standards Board (ASB) came to existence in the year
A:-1967
B:-1977
C:-1961
D:-1957
Correct Answer:- Option-B
Question71:-RTGS stands for
A:-Real Time Gross Services
B:-Rational Time Gross Settlement
C:-Real Time Group Settlement
D:-Real Time Gross Settlement
Correct Answer:- Option-D
Question72:-The right of the banker to retain all the properties of the debtor is called
A:-Particular Lien
B:-General Lien
C:-Gross Lien
D:-Alll of these
Correct Answer:- Option-B
Question73:-Which of the following is not a Nationalised bank?
A:-Bank of Baroda
B:-Canara Bank
C:-Federal Bank
D:-Syndicate Bank
Correct Answer:- Option-C
Question74:-CRR stands for
A:-Credit Reserve Ratio
B:-Cash Reserve Ratio
:-Credit Reversal Ratio
D:-None of these
Correct Answer:- Option-B
Question75:-RBI Act came into force in
A:-1930
B:-1936
C:-1934
D:-1956