The_______ of an office will ordinarily be a sum equal to the average _________multiplied by the number of days in which funds can be obtained, plus a percentage of the average ___________(if necessary), as a margin – the amount of which will depend upon the extent of the difference between the receipts and payments, and other considerations a) Minimum cash balance , daily payments, daily payments a) Maximum cash balance , daily payments, daily payments a) Minimum cash balance , daily payments, daily receipts a) None of these

The_______ of an office will ordinarily be a sum equal to the average
_________multiplied by the number of days in which funds can be obtained, plus a
percentage of the average ___________(if necessary), as a margin – the amount of which will
depend upon the extent of the difference between the receipts and payments, and other
considerations
a) Minimum cash balance , daily payments, daily payments
a) Maximum cash balance , daily payments, daily payments
a) Minimum cash balance , daily payments, daily receipts
a) None of these
by

1 Answer

Answer :

a) Minimum cash balance , daily payments, daily payments
by

Related questions

Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last received from the BO by entering the balance in words and figure of last BO daily account c) To Note the particulars of articles, documents, account office receipts, sent to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Description : Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last ... to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Last Answer : e) All the above

________are employed in each division for the supervision of the runner’s lines, the work of village postmen or postmen serving in villages, and when prescribed by the_______, for the conveyance or escort of_______, from one office to another a) Head postman , head of the Circle, cash remittances b) Overseers , Supdt of post office, cash remittances c) Overseers , head of the Circle, cash remittances d) None of these

Description : ________are employed in each division for the supervision of the runner's lines, the work of village postmen or postmen serving in villages, and when prescribed by the_______, for the conveyance or ... office, cash remittances c) Overseers , head of the Circle, cash remittances d) None of these

Last Answer : c) Overseers , head of the Circle, cash remittances

When an urgent demand for additional funds is received form a sub office, after the daily account bag for the office has been dispatched a) An urgent demand will not be entertained in any case after bag dispatched b) Remittance if possible should be dispatched through special carrier. c) Where a second dispatch of mails is made, the remittance may be sent in a cash bag detailed in an extra SO slip and enclosed in an extra account bag. d) Both the A and B e) None of these

Description : When an urgent demand for additional funds is received form a sub office, after the daily account bag for the office has been dispatched a) An urgent demand will not be entertained in any case after bag dispatched ... and enclosed in an extra account bag. d) Both the A and B e) None of these

Last Answer : d) Both the A and B

An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the (A) Manufacturing cost (B) Depreciation by sinking fund method (C) Discrete compound interest (D) Cash ratio

Description : An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from ... cost (B) Depreciation by sinking fund method (C) Discrete compound interest (D) Cash ratio

Last Answer : (B) Depreciation by sinking fund method

Mark the correct option a) A cash office is a sub office which, in addition to performing the ordinary work of sub office b) Those offices are made cash offices to other sub office c) Ordinarily every SO situated at a treasury station will be required to act as cash office with the sanction of Suptd of Post office. d) All the above

Description : Mark the correct option a) A cash office is a sub office which, in addition to performing the ordinary work of sub office b) Those offices are made cash offices to other sub office c) Ordinarily every ... required to act as cash office with the sanction of Suptd of Post office. d) All the above

Last Answer : d) All the above

Who will fix the minimum and maximum cash balance of the first class Head office. a) Superintendent of post office b) Head of the circle c) Senior Superintendent of Post Offices d) None of these

Description : Who will fix the minimum and maximum cash balance of the first class Head office. a) Superintendent of post office b) Head of the circle c) Senior Superintendent of Post Offices d) None of these

Last Answer : c) Supdt of post office to all post office

Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent to the SO c) The balance of list of daily account received from the SO and accounted for in the HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

Description : Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent ... HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

Last Answer : e) All the above

Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, bills paid , reason for holding cash/stamp below minimum or excess maximum c) Requisition for postage entered in remarks column d) All documents sent to along with the daily account e) All the above

Description : Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, ... entered in remarks column d) All documents sent to along with the daily account e) All the above

Last Answer : e) All the above

In post offices defalcations or losses, should be charged in the schedule of --------------- and payments and recoveries of losses should be credited in the schedule of --------------- a. UCP, UCR b UCR, UCP, c. receipts , payments

Description : In post offices defalcations or losses, should be charged in the schedule of --------------- and payments and recoveries of losses should be credited in the schedule of --------------- a. UCP, UCR b UCR, UCP, c. receipts , payments

Last Answer : a. UCP,

he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Description : he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Last Answer : (3) Balance of payments Explanation: Balance of payments (BoP) accounts arc an accounting record of all monetary transactions between a country and the rest of the world. These transactions include ... and are prepared in a single currency, typically the domestic currency for the country concerned.

The annual record for all the monetary transactions of a country with other countries of the world is known as (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Description : The annual record for all the monetary transactions of a country with other countries of the world is known as (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Last Answer : Balance of payments

Haulage and weighment statement. will be submit on or before the ______in each year, the ______should submit a statement [MS.60(a)] to the ______showing the regular accommodation provided on each railway in his division on the_______, respectively a) 1st February and 1st August, Postmaster, Head of the Circle, 21st Jan and 21st Jul b) 1st February and 1st August, Postmaster Supdt of post office, 21st Jan and 21st Jul c) 1st February and 1st August, Superintendent, Head of the Circle, 21st Jan and 21st Jul d) None of these

Description : Haulage and weighment statement. will be submit on or before the ______in each year, the ______should submit a statement [MS.60(a)] to the ______showing the regular accommodation provided on each railway in ... 1st August, Superintendent, Head of the Circle, 21st Jan and 21st Jul d) None of these

Last Answer : c) 1st February and 1st August, Superintendent, Head of the Circle, 21st Jan and 21st Jul

Reasons for holding cash balances in excess of the prescribed maximum an below prescribed minimum and the reasons for holding stamps balances excess should be recorded in a) Postmaster daily dairy b) Rough daily account c) Daily account cash excess column d) Remarks column of daily account

Description : Reasons for holding cash balances in excess of the prescribed maximum an below prescribed minimum and the reasons for holding stamps balances excess should be recorded in a) Postmaster daily dairy b) Rough daily account c) Daily account cash excess column d) Remarks column of daily account

Last Answer : d) Remarks column of daily account

Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

Description : Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

Last Answer : Answer: Liabilities side of the Balance Sheet

In the balance of payments account, unrequited receipts and payments are also regarded as - (1) bilateral transfers (2) unilateral transfers (3) capital account transfers (4) invisible transfers

Description : In the balance of payments account, unrequited receipts and payments are also regarded as - (1) bilateral transfers (2) unilateral transfers (3) capital account transfers (4) invisible transfers

Last Answer : (2) unilateral transfers Explanation: Unrequited receipts and payments are also regarded as unilateral transfers as the flow is only in one direction with no automatic reverse flow in the other ... borrowings nor lending, but gifts and grants exchanged between governments and people in the world.

In the balance of payments account, unrequited receipts and payments are also regarded as (1) bilateral transfers (2) unilateral transfers (3) capital account transfers (4) invisible transfers

Description : In the balance of payments account, unrequited receipts and payments are also regarded as (1) bilateral transfers (2) unilateral transfers (3) capital account transfers (4) invisible transfers

Last Answer : unilateral transfers

Receipts and Payments Account is an abbreviated form of– (A) Cash Book (B) Pass Book (C) Both Cash Book and Pass Book (D) None of the above

Description : Receipts and Payments Account is an abbreviated form of– (A) Cash Book (B) Pass Book (C) Both Cash Book and Pass Book (D) None of the above

Last Answer : Answer: Cash Book

Cash flows include a) Cash payments only b) Cash receipts only c) Cash receipts and payments d) Cash and noncash incomes and expenses.

Description : Cash flows include a) Cash payments only b) Cash receipts only c) Cash receipts and payments d) Cash and noncash incomes and expenses.

Last Answer : c) Cash receipts and payments

The proclamation shall be published as follows a) It shall be publicly read in some conspicuous place of the town or village in which such person ordinarily reside b) It shall be affixed to some conspicuous part of the house or homestead in which such person ordinarily resides c) A copy thereof shall be affixed to some conspicuous part of the court house. d) The court may also, if thinks fit, direct a copy of the proclamation to be published in a daily newspaper. e) All the above

Description : The proclamation shall be published as follows a) It shall be publicly read in some conspicuous place of the town or village in  which such person ordinarily reside b) It shall be affixed to some ... direct a copy of the proclamation to be  published in a daily newspaper. e) All the above

Last Answer : e) All the above

Ordinarily cash in excess of Rs __________ should be enclosed in a cash bag a) 500 b) 1000 c) 5000 d) 250

Description : Ordinarily cash in excess of Rs __________ should be enclosed in a cash bag a) 500 b) 1000 c) 5000 d) 250

Last Answer : d) 250

. In sub offices cash received through special carrier a receipt for the sum should be given a) In SO daily account b) In treasurer cash book c) Carrier’s book or dairy d) Any one of the above

Description : . In sub offices cash received through special carrier a receipt for the sum should be given a) In SO daily account b) In treasurer cash book c) Carrier’s book or dairy d) Any one of the above

Last Answer : c) Carrier’s book or dairy

What is the object of Postmaster ‘s Balance Sheet ? a. Reconciliation of Daily Cash Book b. Reconciliation of HO Summary c. Reconciliation between HO Cash Book and TCB

Description : What is the object of Postmaster ‘s Balance Sheet ? a. Reconciliation of Daily Cash Book b. Reconciliation of HO Summary c. Reconciliation between HO Cash Book and TCB

Last Answer : c. Reconciliation between HO Cash Book and TCB

The inventory should ordinarily be maintained at the site of the dead stock and should be checked once in______ year by the ________ a) A year, Head of the circle b) Two year, Head of the office c) A year, head of the office/ any other office selected by the head of the circle d) None of these

Description : The inventory should ordinarily be maintained at the site of the dead stock and should be checked once in______ year by the ________ a) A year, Head of the circle b) Two year, Head of the office c) A year, head of the office/ any other office selected by the head of the circle d) None of these

Last Answer : c) A year, head of the office/ any other office selected by the head of the circle

A report of bag balance in the pro forma given below will be submitted by each UBO to its _____daily and by each DBO to its weekly. The Circle Bag Office will send a______ of balances in the prescribed pro forma (not furnished here) on the __________to the Central Bag Office, i.e., ‘D’ Section of Postal Directorate. a) CBO, CBO, Daily report , 1st of each month b) DBO, CBO, monthly report , 5th of each month c) UBO, DBO, monthly report , 10th of each month d) None of these

Description : A report of bag balance in the pro forma given below will be submitted by each UBO to its _____daily and by each DBO to its weekly. The Circle Bag Office will send a______ of balances in the prescribed pro ... , 5th of each month c) UBO, DBO, monthly report , 10th of each month d) None of these

Last Answer : b) DBO, CBO, monthly report , 5th of each month

The unit bag office will send its daily bag balance report to a) The local HO b) The SPOs office c) The SRM office d) The district bag office

Description : The unit bag office will send its daily bag balance report to a) The local HO b) The SPOs office c) The SRM office d) The district bag office

Last Answer : d) The district bag office

The complaint shall ordinarily be decided within a) Twenty one days from the date on which the complaint was received b) Thirty days from the date on which the complaint was received c) Forty five days from the date on which the complaint was received d) No time limit

Description : The complaint shall ordinarily be decided within  a) Twenty one days from the date on which the complaint was received b) Thirty days from the date on which the complaint was received c) Forty five days from the date on which the complaint was received d) No time limit

Last Answer : a) Twenty one days from the date on which the complaint was received

An application for leave must be submitted ordinarily a) Fifteen days advance b) One month advance c) Two month advance d) None of these

Description : An application for leave must be submitted ordinarily a) Fifteen days advance b) One month advance c) Two month advance d) None of these

Last Answer : b) One month advance

Fixed capital investment of a chemical plant is the total amount of money needed to supply the necessary plant and manufacturing facilities plus the working capital for operation of the facilities. Which of the following components of fixed capital investment requires minimum percentage of it? (A) Electrical installation cost (B) Equipment installation cost (C) Cost for piping (D) Equipment insulation cost

Description : Fixed capital investment of a chemical plant is the total amount of money needed to supply the necessary plant and manufacturing facilities plus the working capital for operation of the facilities. Which of ... (B) Equipment installation cost (C) Cost for piping (D) Equipment insulation cost

Last Answer : (D) Equipment insulation cost

The cash bag should always be sent to the account office by the BPM enclosed on the______ a) BO daily account b) SO daily account c) BO Slip d) SO slip

Description : The cash bag should always be sent to the account office by the BPM enclosed on the______ a) BO daily account b) SO daily account c) BO Slip d) SO slip

Last Answer : a) BO daily account

Contents of BO bag sent by the BO to its account office must always contain BO daily count and it may contain a) Paid and unpaid MOs b) Paid postal order c) Cash bag with or without cash d) All the above

Description : Contents of BO bag sent by the BO to its account office must always contain BO daily count and it may contain a) Paid and unpaid MOs b) Paid postal order c) Cash bag with or without cash d) All the above

Last Answer : d) All the above

An account bag from the Head Office to Sub office contain a) The SO slip, b) A cash bag containing cash including postage stamps c) IPO, Saving certificate, for sales d) SB Slip (SB 27), BO daily account after check, Blank MO forms for sale e) All the above

Description : An account bag from the Head Office to Sub office contain a) The SO slip, b) A cash bag containing cash including postage stamps c) IPO, Saving certificate, for sales d) SB Slip (SB 27), BO daily account after check, Blank MO forms for sale e) All the above

Last Answer : e) All the above

Where does the Postmaster has exempted from daily verification of cash and cash? a. Presidency Post office b. Head Post office c. None of these

Description : Where does the Postmaster has exempted from daily verification of cash and cash? a. Presidency Post office b. Head Post office c. None of these

Last Answer : a. Presidency Post office

The Inspector should, whenever he meets a village postman out in his beat or at the office to which he is attached, examine a) His bag to see whether he carries postage stamps, forms, etc., b) His book of receipts are pasted to the counterfoils of receipts for articles registered by him. c) Both the A and B d) Either A or B

Description : The Inspector should, whenever he meets a village postman out in his beat or at the office to which he is attached, examine a) His bag to see whether he carries postage stamps, forms, etc., b) His ... counterfoils of receipts for articles registered by him. c) Both the A and B d) Either A or B

Last Answer : c) Both the A and B

Which statement is true? 1) The balance of payments depends on the principle of double-entry accounting. 2) Decrease in assets and increase in liabilities of net worth represent credits or sources of funds. 3) The balance of payment is a source- and uses of funds statement that reflects changes in assets, liabilities and net worth during a specified period of time. A. Only 1 B. Only 2 C. Only 3 D. 1, 2 and 3

Description : Which statement is true? 1) The balance of payments depends on the principle of double-entry accounting. 2) Decrease in assets and increase in liabilities of net worth represent credits or sources of funds. 3) The balance of ... period of time. A. Only 1 B. Only 2 C. Only 3 D. 1, 2 and 3

Last Answer : D. 1, 2 and 3

The amount received on account of premium of PLI , repayment of loan should be accounted under ---------------------- head a. PLI Annuity Fund b. Postal Insurance and Life Annuity Fund Receipts c. PLI receipts account

Description : The amount received on account of premium of PLI , repayment of loan should be accounted under ---------------------- head a. PLI Annuity Fund b. Postal Insurance and Life Annuity Fund Receipts c. PLI receipts account

Last Answer : b. Postal Insurance and Life Annuity Fund Receipts

Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at the account end of the second year preceding the year in which the loan is applied for. c) The loan is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Description : Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at ... is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Last Answer : d) All the above

What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Description : What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held ... b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Last Answer : a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance

If an unpaid article sent to BO is returned as undelivered the article will be a) Returned to sender after deducting the amount of postage from the cash and stamp balance of BO b) Returned to sender after deducting the amount of postage from cash and stamp of the SO c) Returned to sender after simply taking suitable entry in unpaid postage account in BO d) Returned to sender simply as ordinary letter

Description : If an unpaid article sent to BO is returned as undelivered the article will be a) Returned to sender after deducting the amount of postage from the cash and stamp balance of BO b) Returned ... taking suitable entry in unpaid postage account in BO d) Returned to sender simply as ordinary letter

Last Answer : c) Returned to sender after simply taking suitable entry in unpaid postage account in BO

The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows

Description : The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows

Last Answer : Balance of trade plus net invisible exports

In an examination mahi scores 64% of marks, nitesh scores 52% of marks and ritesh scores 48% of marks. The maximum mark of the exam is a three digit number, whose sum is 10 and the middle digit is equal to the sum of the other two digits. The number will decreased by 297, if its digit are reversed. approximately what is the average mark obtained by mahi, nitesh and ritesh? A) 247 B) 248 C) 264 D) 284

Description : In an examination mahi scores 64% of marks, nitesh scores 52% of marks and ritesh scores 48% of marks. The maximum mark of the exam is a three digit number, whose sum is 10 and the middle digit is equal to ... what is the average mark obtained by mahi, nitesh and ritesh? A) 247 B) 248 C) 264 D) 284

Last Answer : A) Maximum mark consist of a three digit number let's consider Unit digit place is Z,ten's place digit is Y and hundred's place digit is X. According to the question, Y=x+z---------1 X+Y ... Total number of Mahi, Nitesh and Ritesh =164/100 451=739.61 Required average =739.64/3=246.54~247.

The difference between the total cost of a project and the sanctioned loan amount is termed as ___________ A. Near Money B. Hot Money C. Gross Income D. Margin Amount

Description : The difference between the total cost of a project and the sanctioned loan amount is termed as ___________ A. Near Money B. Hot Money C. Gross Income D. Margin Amount

Last Answer : D. Margin Amount Explanation: The Difference between the market value of a collateral and amount of the loan advanced against it. Margin Amount is also known as haircut.

Payment of a MO addressed to a place not served daily by postman will be a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment b) Paid only to the payee c) Kept in deposit for 7 days an returned for repayment to the remitter d) All the above

Description : Payment of a MO addressed to a place not served daily by postman will be a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment b) Paid only to the payee c) Kept in deposit for 7 days an returned for repayment to the remitter d) All the above

Last Answer : a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment

When an incoming partner purchases his share from any one of the existing partners, then– (A) total assets of the firm do not change (B) total assets of the firm will be augmented to the extent of payment received from the new partner (C) total assets of the firm will be reduced to the extent of payment received from the new partner (D) change in total assets of the firm will depend upon the new profit sharing ratio of the partners

Description : When an incoming partner purchases his share from any one of the existing partners, then- (A) total assets of the firm do not change (B) total assets of the firm will be augmented to the extent ... ) change in total assets of the firm will depend upon the new profit sharing ratio of the partners

Last Answer : Answer: total assets of the firm do not change

Rate constant for a first order reaction does not depend upon reaction time, extent of reaction and the initial concentration of reactants; but it is afunction of reaction temperature. In a chemical reaction, the time requiredto reduce the concentration of reactant from 100 gm moles/litre to 50 gmmoles/litre is same as that required to reduce it from 2 gm moles/litre to 1gm mole/litre in the same volume. Then the order of this reaction is:(A) 0(B) 1(C) 2(D) 3

Description : Rate constant for a first order reaction does not depend upon reaction time, extent of reaction and the initial concentration of reactants; but it is afunction of reaction temperature. In a chemical reaction, the time required to ... Then the order of this reaction is: (A) 0 (B) 1 (C) 2 (D) 3

Last Answer : (B) 1

Subscription includes a) Contributions b) Funds c) Collection in cash d) All the above

Description : Subscription includes a) Contributions b) Funds c) Collection in cash d) All the above

Last Answer : d) All the above

Provided that the minimum amount of sum so payable shall not be less than ____ of the value of such defective goods sold or services provided, as the case may be to such consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these

Description : Provided that the minimum amount of sum so payable shall not be less than ____ of  the value of such defective goods sold or services provided, as the case may be to such  consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these

Last Answer : c) 10 %