An account which is maintained by depositing undistributed parts of profit for future needs is known as ________ A. Savings Account B. Current Account C. Reserve Account D. None of the Above

An account which is maintained by depositing undistributed parts of profit for future needs is known as ________ A. Savings Account  B. Current Account C. Reserve Account D. None of the Above
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C. Reserve Account Explanation: Funds taken out of earnings to provide for anticipated future payments is called Reserve Account.
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An account for which a bank acts as an uninterested third party is termed as _______ A. Savings Account B. Current Account C. Reserve Account D. Escrow Account

Description : An account for which a bank acts as an uninterested third party is termed as _______ A. Savings Account B. Current Account C. Reserve Account D. Escrow Account

Last Answer : D. Escrow Account Explanation: An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties. Definition: An escrow account ... pass through account held by a third party during the process of a transaction between two parties.

An EEFC account can be held only in the form of ________ A. Savings Bank Account B. Deposit Account C. Current Account D. Both (B) and (C) E. None of the Above

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Last Answer : C. Current Account Explanation: An EEFC account can be held only in the form of a current account. No interest is payable on EEFC accounts.

An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

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Last Answer : A. Current Account Explanation: An EEFC(Exchange Earners‘ Foreign Currency Account) account can be held only in the form of a current account. No interest is payable on EEFC accounts.

________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above

Description : ________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above

Last Answer : D. Escrow Account Explanation: Escrow Account: Account in which funds are accumulated for specific disbursements. It is a temporary pass through account held by a third party during the process of a transaction between two parties.

Which one of following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Description : Which one of following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Last Answer : (3) Undistributed profits Explanation: For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as its Net Saving. Retained profits are those ... commitments to depreciation provision for various fixed assets, debts, government and to shareholders.

Which one of the following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Description : Which one of the following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Last Answer : Undistributed profits

Ruling on depositing money in Al-Baraka Islami Bank ? I manage a few accounts of a company. The company has accounts in several interest bearing banks. Note that account holders only open current accounts and do not charge interest. Isn't it better to keep all these lazy money in an Islamic bank lik

Description : Ruling on depositing money in Al-Baraka Islami Bank ? I manage a few accounts of a company. The company has accounts in several interest bearing banks. Note that account holders only open current accounts and ... income tax and duties or in other similar sectors ? Or can it be used in any sector ?

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i. A slip is used for depositing cash and cheque in the Bank account. ii. Permission to withdraw excess amount from Current Account.

Description : i. A slip is used for depositing cash and cheque in the Bank account. ii. Permission to withdraw excess amount from Current Account.

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____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above

Description : ____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above

Last Answer : C. LORO Account Explanation: LORO Account is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency.

Balance of Debenture Redemption Fund Account is transferred to– (A) Capital Reserve A/c (B) Profit and Loss A/c (C) General Reserve A/c (D) None of these

Description : Balance of Debenture Redemption Fund Account is transferred to– (A) Capital Reserve A/c (B) Profit and Loss A/c (C) General Reserve A/c (D) None of these

Last Answer : Answer: General Reserve A/c

Profit prior to incorporation is transferred to– (A) Capital reserve (B) General reserve (C) Profit and Loss Account (D) Trading Account

Description : Profit prior to incorporation is transferred to– (A) Capital reserve (B) General reserve (C) Profit and Loss Account (D) Trading Account

Last Answer : Answer: Capital reserve

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

In National Savings Certificates, investment up to ________ per annum qualifies for IT Rebate under section 80C of Income Tax Act. A. Rs.10 lakh B. Rs.2 lakh C. Rs.5 lakh D. Rs.1 lakh

Description : In National Savings Certificates, investment up to ________ per annum qualifies for IT Rebate under section 80C of Income Tax Act. A. Rs.10 lakh B. Rs.2 lakh C. Rs.5 lakh D. Rs.1 lakh

Last Answer : D. Rs.1 lakh Explanation: There is no maximum limit for investment. Certificates can be kept as collateral security to get loan from banks. Investment up to INR 1,00,000/- per annum qualifies for ... Tax Act. Trust and HUF cannot invest. Rate of interest effective from 1st April 2016 is 8.10%

According to a report by Reserve Bank of India, country‟s gross bad loans are expected to grow from 7.6% to ________ by March 2017. A) 9.2% B) 8.2% C) 8.5% D) 8.0% E) None of these

Description : According to a report by Reserve Bank of India, country‟s gross bad loans are expected to grow from 7.6% to ________ by March 2017. A) 9.2% B) 8.2% C) 8.5% D) 8.0% E) None of these

Last Answer : C) 8.5% Explanation: Gross bad loans at banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of ... Meanwhile, under a -severe stress situation, total bad loans could rise to 9.3 percent in March 2017.

A Shareholder has been defined by ________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. The companies act, 1956

Description : A Shareholder has been defined by ________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. The companies act, 1956

Last Answer : E. The companies act, 1956 Explanation: The Companies Act, 1956 ―Small Shareholder‖ means a shareholder holding shares of nominal value of twenty thousand rupees or less in a public company to which section 252 of the Act applies.

Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)

Description : Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)

Last Answer : C. Indian Stamp Act 1899 (Central Act) Explanation: Issuance of stamp duty on bonds is under Indian Stamp Act 1899 (Central Act). A bond is transferable by endorsement and delivery without payment of any transfer stamp duty.

To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

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Description : _________ is an account maintained in foreign currency with an Authorised Dealer Bank. A. Exchange Earners Foreign Currency Account B. Exchange Eligible Foreign Currency Account C. Earners ... Account D. Earners Exchange Foreign Currency Account E. Equity Exchange Foreign Currency Account

Last Answer : A. Exchange Earners‟Foreign Currency Account Explanation: Exchange Earners‘ Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer Bank (Category – I Bank) in foreign exchange.

Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________ A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Description : Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________ A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Last Answer : B. Vostro Account Explanation: Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as Vostro Account.

Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Description : Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Last Answer : C. Demand Deposit Explanation: Current accounts form a large portion of demand deposits of a bank. It can be opened by Individuals, Business entities (firms, company), Institutions, Government bodies / departments, Societies, Liquidators, Receivers, and Trusts.

What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit

Description : What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit

Last Answer : D. No initial deposit Explanation: There is no requirement for any initial deposit for opening a BSBDA.

Which of the following does not have savings account? A. NRE Account B. NRO Account C. FCNR(B) Account D. Both (A) and(C) E. All of the Above

Description : Which of the following does not have savings account? A. NRE Account B. NRO Account C. FCNR(B) Account D. Both (A) and(C) E. All of the Above

Last Answer : C. FCNR(B) Account Explanation: Non-Resident (External) Rupee Account Scheme[NRE Account]: Savings, Current, Recurring, Fixed Deposit Foreign Currency (Non-Resident) Account (Banks) Scheme [ ... Non-Resident Ordinary Rupee Account Scheme [NRO Account]: Savings, Current, Recurring, Fixed Deposit.

What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.

How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Description : How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Last Answer : A. One Explanation: An individual is eligible to have only one ‗Basic Savings Bank Deposit Account‘ in one bank.

My cat over the years has developed a worsening habit of depositing small amounts of poop whenever he sits down somewhere, can someone help me?

Description : My cat over the years has developed a worsening habit of depositing small amounts of poop whenever he sits down somewhere, can someone help me?

Last Answer : Oh but when I look at his ass its perfectly clean. I do not get it.

Small business owners- depositing checks with your business name- how exact must it be?

Description : Small business owners- depositing checks with your business name- how exact must it be?

Last Answer : It should be fine. Put the correct business name of your checks, though. Your best bet is to get a rubber stamp to use for the endorsement that includes the full business name and your bank account number. They only cost about $5.

What are the benefits that you can get by depositing your extra money in the banks? -SST 10th

Description : What are the benefits that you can get by depositing your extra money in the banks? -SST 10th

Last Answer : (i) Safety (ii) Earn interest (iii) Can make payments easily through cheques.

What is process of depositing a layer of zinc on iron ? -Science

Description : What is process of depositing a layer of zinc on iron ? -Science

Last Answer : the process is called galvanisation.

As an corporation, am I responsible or liable for depositing employment tax?

Description : As an corporation, am I responsible or liable for depositing employment tax?

Last Answer : Yes, you are responsible for depositing employment tax. The liabilities for the tax are split between the corporation and the business owner

Transporting and re-depositing soils, is done by (A) Water (B) Glacier (C) Gravity (D) All the above

Description : Transporting and re-depositing soils, is done by (A) Water (B) Glacier (C) Gravity (D) All the above

Last Answer : (D) All the above

Pick up the correct statement from the following: (A) In order to check up the average depth of excavation, 'Dead man s' are left at the midwidths of borrow pits (B) The earthwork calculation in excavation is made from the difference in levels obtained with a level (C) The earth work in excavation to form the road embankment includes the formation of correct profile and depositing the soil in layers (D) All the above

Description : Pick up the correct statement from the following: (A) In order to check up the average depth of excavation, 'Dead man s' are left at the midwidths of borrow pits (B) The earthwork ... embankment includes the formation of correct profile and depositing the soil in layers (D) All the above

Last Answer : (D) All the above

Which slip is used in a Bank while depositing money? a. Depository slip b. Withdrawal slip c. Pay-in-Slip d. No Slip is used.

Description : Which slip is used in a Bank while depositing money? a. Depository slip b. Withdrawal slip c. Pay-in-Slip d. No Slip is used.

Last Answer : c. Pay-in-Slip

The process involving emasculation of the flower before anthesis and depositing pollen grains on the cut end of the ovary is called as

Description : The process involving emasculation of the flower before anthesis and depositing pollen grains on the cut end of the ovary is called as

Last Answer : The process involving emasculation of the flower before anthesis and depositing pollen grains on the cut end of the ovary is called as – Intra-ovarian pollination

Do you prefer savings or current account?

Description : Do you prefer savings or current account?

Last Answer : Account is like a wallet usually designed for customers for easy saving and transactions with the aim if monitoring aand sustaining a dependable financial transactions and satisfying customers desires. ... is high per transactions even the use of its check book involves transactional charges.

Distinguish between the following: Current Account and Savings Account.

Description : Distinguish between the following: Current Account and Savings Account.

Last Answer : Distinguish between the following: Current Account and Savings Account.

Dividend can be paid generally out of– (A) share premium account (B) capital redemption reserve account (C) current year’s profits (D) All of these

Description : Dividend can be paid generally out of– (A) share premium account (B) capital redemption reserve account (C) current year’s profits (D) All of these

Last Answer : Answer: current year’s profits

Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Description : Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Last Answer : Current Accounts

If the balance on current and capital accounts of Balance of Payments (BoP) taken together is negative, then (a) It is a case of BoP surplus ; (b) It is a case of BoP surplus where the official reserve account is in surplus; (c) It is a case of BoP deficit ; (d) It is case of BoP disequilibrium

Description : If the balance on current and capital accounts of Balance of Payments (BoP) taken together is negative, then (a) It is a case of BoP surplus ; (b) It is a case of BoP surplus where the official reserve account is in surplus; (c) It is a case of BoP deficit ; (d) It is case of BoP disequilibrium

Last Answer : (c) It is a case of BoP deficit ;

What substance needs to be maintained to give cells a constant supply of energy?

Description : What substance needs to be maintained to give cells a constant supply of energy?

Last Answer : oxygen and glucose

What substance needs to be maintained to give cells a constant supply of energy?

Description : What substance needs to be maintained to give cells a constant supply of energy?

Last Answer : oxygen and glucose

Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Description : Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Last Answer : (3) Pension Explanation: The income approach equates the total output of a nation to the total factor income received by residents or citizens of the nation. Transfer incomes are excluded from ... wages of labourers will be included, pensions of retired workers will be excluded from national income.

NDP does not include (a) Payments made for income taxes ; (b) Depreciation allowances ; (c) Undistributed profits; (d) The value added from intermediate goods.

Description : NDP does not include (a) Payments made for income taxes ; (b) Depreciation allowances ; (c) Undistributed profits; (d) The value added from intermediate goods.

Last Answer : (b) Depreciation allowances ;

Personal income includes all of the following except (a) Transfer payments ; (b) Undistributed corporate profits; (c) Personal income taxes ; (d) Dividend payments

Description : Personal income includes all of the following except (a) Transfer payments ; (b) Undistributed corporate profits; (c) Personal income taxes ; (d) Dividend payments

Last Answer : (b) Undistributed corporate profits;

“All thugs are murderers Therefore all Indians are murderers”. The fallacy committed by above argument is A) Illicit minor B) Illicit major C) Ambiguous major D) Undistributed middle.

Description : “All thugs are murderers  Therefore all Indians are murderers”.  The fallacy committed by above argument is  A) Illicit minor  B) Illicit major  C) Ambiguous major  D) Undistributed middle. 

Last Answer : A) Illicit minor 

“All men are selfish No apes are men Therefore no apes are selfish”. The above argument commits the fallacy of A) Undistributed middle B) Illicit major C) Illicit minor D) Ambiguous minor

Description : “All men are selfish  No apes are men  Therefore no apes are selfish”.  The above argument commits the fallacy of  A) Undistributed middle  B) Illicit major  C) Illicit minor  D) Ambiguous minor

Last Answer : B) Illicit major

“He is either a saint or a sinner He is not a saint Therefore he is a sinner”. The above argument commits the fallacy of________. A) Undistributed middle B) Improper disjunction C) Four terms D) Illicit minor.

Description : “He is either a saint or a sinner  He is not a saint  Therefore he is a sinner”.  The above argument commits the fallacy of________.  A) Undistributed middle  B) Improper disjunction  C) Four terms  D) Illicit minor. 

Last Answer :  B) Improper disjunction

The fallacy occurs when the minor term which is not distributed in the minor premise but distributed in the conclusion is A) Ambiguous minor B) Undistributed middle C) Equivocation D) Illicit minor.

Description : The fallacy occurs when the minor term which is not distributed in the minor premise but distributed in the conclusion is A) Ambiguous minor B) Undistributed middle C) Equivocation D) Illicit minor. 

Last Answer : D) Illicit minor. 

The fallacy occurs when the major term which is not distributed in the major premise but distributed in the conclusion is A) Ambiguous major B) Undistributed middle C) Illicit major D) Equivocation.

Description : The fallacy occurs when the major term which is not distributed in the major premise but distributed in the conclusion is A) Ambiguous major B) Undistributed middle C) Illicit major D) Equivocation. 

Last Answer : C) Illicit major

“ All donkeys are animals. All monkeys are animals. Therefore all monkeys are donkeys”. The fallacy committed by the above syllogism is A) Ambiguous major B) Ambiguous minor C) Ambiguous middle D) Undistributed middle.

Description : “ All donkeys are animals. All monkeys are animals. Therefore all monkeys are donkeys”. The fallacy committed by the above syllogism is A) Ambiguous major B) Ambiguous minor C) Ambiguous middle D) Undistributed middle.  

Last Answer : D) Undistributed middle.