Which account is opened by a trader in Bank for his business operation?

Which account is opened by a trader in Bank for his business operation?
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Which account is opened by a trader in Bank for his business operation?
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1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Description : 1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.

If Google opened a commercial bank, would you open an account with them?

Description : If Google opened a commercial bank, would you open an account with them?

Last Answer : No I wouldn’t trust them I’d keep all my money under my bed

Can a student account be opened in a bank using Open University Student ID Card ?

Description : Can a student account be opened in a bank using Open University Student ID Card ?

Last Answer : Yes you can open with Student ID Card. However, it may take a receipt to submit the salary. Contact the nearest bank for details.

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.

Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any nationalized banks. c) The account can be transferred from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Description : Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any ... from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Last Answer : d) All the above

Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the new account opened. c) In case the account not extended on maturity and closed at any time the saving bank interest applicable d) There is no maximum time limit for PMI e) All the above

Description : Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the ... bank interest applicable d) There is no maximum time limit for PMI e) All the above

Last Answer : e) All the above

The Saving bank act 1873 does not apply to a) 5 Year RD accounts b) TD accounts c) Account opened through agents d) Sanchaya ka accounts

Description : The Saving bank act 1873 does not apply to a) 5 Year RD accounts b) TD accounts c) Account opened through agents d) Sanchaya ka accounts

Last Answer : d) Sanchaya ka accounts

(i) In the cash book of a trader Bank record the entries.

Description : (i) In the cash book of a trader Bank record the entries.

Last Answer : Do you agree or disagree with the following statements: (i) In the cash book of a trader Bank ... to deposit a cheque or cash into a bank account.

Which of the following is known as “Demat” account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by guardian of minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance

Description : Which of the following is known as Demat account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by ... minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance

Last Answer : A. Account in which shares are held in electronic form Explanation: A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).

PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Description : PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Last Answer : c) Both the A & B

Mark the correct option a) A RD account can be opened with min deposit of Rs 10/- and multiple of Rs 5/- b) No max deposit will be prescribed in RD account c) Rebate will be paid on 6 advance deposit or more as per prescribed and default will be recovered if a depositor fails to deposit his/her monthly deposit up to last working day of a calendar month, d) All the above

Description : Mark the correct option a) A RD account can be opened with min deposit of Rs 10/- and multiple of Rs 5/- b) No max deposit will be prescribed in RD account c) Rebate will be paid on 6 advance ... fails to deposit his/her monthly deposit up to last working day of a calendar month, d) All the above

Last Answer : d) All the above

A trader buys two articles at the same price. He sold one article at 20% profit and sold the other at 10% loss . Find his overall profit/loss percentage a)10% loss b)10% profit c)5% loss d)5% profit.

Description : A trader buys two articles at the same price. He sold one article at 20% profit and sold the other at 10% loss . Find his overall profit/loss percentage a)10% loss b)10% profit c)5% loss d)5% profit.

Last Answer : d)5% profit.

A trader calculated his profit as Rs.150000 on 31/03/2014. It is an A] Transaction B] Event C] Transaction as well as event D] Neither transaction nor event

Description : A trader calculated his profit as Rs.150000 on 31/03/2014. It is an A] Transaction B] Event C] Transaction as well as event D] Neither transaction nor event

Last Answer : B] Event

A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these

Description : A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in ... is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these

Last Answer : (b) Conservatism

What is the highest % discount(approximately) that a trader can offer on his marked price, so that he ends up selling at no profit or loss, if he initially marked his goods up by 60%?

Description : What is the highest % discount(approximately) that a trader can offer on his marked price, so that he ends up selling at no profit or loss, if he initially marked his goods up by 60%?

Last Answer : Let CP= Rs 100 MP= Rs100+60=160 Discount= x% then, 160*[100-x/100] =100 100-x=100*100/160 x=37.5%

What do you recommend to be done when an error is found in a pack as it is opened for an operation?

Description : What do you recommend to be done when an error is found in a pack as it is opened for an operation?

Last Answer : It depends on the type of error. If they put two scalpels inthere instead of one but the sterility of the contents is intact,then I recommend you express whatever feelings it gives you ... gloves after touching thepack. Alert the nurse in charge of documenting the instrument countof your decision.

As shown in the illustration, all 'MS' contacts are opened and closed by means of ________. EL-0073 A. operating coils B. magnets C. manual operation of the master switches D. solenoid switches

Description : As shown in the illustration, all 'MS' contacts are opened and closed by means of ________. EL-0073 A. operating coils B. magnets C. manual operation of the master switches D. solenoid switches

Last Answer : Answer: C

If I opened a personal AOL email on my work computer, and it possibly has a virus in it, would it affect my personal email account, or am I safe due to the work computer's virus protection?

Description : If I opened a personal AOL email on my work computer, and it possibly has a virus in it, would it affect my personal email account, or am I safe due to the work computer's virus protection?

Last Answer : According to this report, as long as you don’t click on the COMPLAINT REPORT link in the email and delete it, it probably won’t infect anything.

Opened an AdSense account and now want to close it but keep my gmail address that was associated with the AdSense account. How do I do this?

Description : Opened an AdSense account and now want to close it but keep my gmail address that was associated with the AdSense account. How do I do this?

Last Answer : Try the Adsense Blog and ask. There are some similar topics there.

In which banks can a student account be opened ?

Description : In which banks can a student account be opened ?

Last Answer : Student accounts can now be opened in all banks. You can find out everything by visiting the website of the bank you want to open. Birth registration and student ID card will be required to open a student ... is popular. However, you can open it in AB Bank. Dual currency card is given in AB bank.

(i) A temporary account opened to rectify the entry is known as suspense A/c.

Description : (i) A temporary account opened to rectify the entry is known as suspense A/c.

Last Answer : Do you agree or disagree with the following statements. (i) A temporary account opened to rectify ... and rules are known as Errors of Principle.

Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth A. Five years B. Four years C. Six years D. Eight years E. Ten years

Description : Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth A. Five years B. Four years C. Six years D. Eight years E. Ten years

Last Answer : E. Ten years Explanation: Sukanya Samriddhi Account can be opened up to age of 10 years only from the date of birth.

MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two or three adults; the maximum limit has been raised from Rs. 6 lakh to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these

Description : MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two ... to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these

Last Answer : a) 01.8.2007

Mark the correct option. In a PPF account opened on 1.2.2011: a) 1st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3.11 c) The first withdrawal shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Description : Mark the correct option. In a PPF account opened on 1.2.2011: a) 1 st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3 ... shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Last Answer : a) 1 st loan can be taken on 1.4.2012

PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B Ans:d 97. Mark the correct option

Description : PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B And B

Last Answer : d) Both the A and B

Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

Description : Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

Last Answer : b) Joint account can be opened in PPF

Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue the account on the same terms and conditions even if the spouse is below the age of 60 year. b) The account cannot be continued should be closed. c) If both spouses opened joint account, the spouse cannot continue account after death of the 1st depositor d) All the above

Description : Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue ... account, the spouse cannot continue account after death of the 1st depositor d) All the above

Last Answer : d) All the above

Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Description : Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Last Answer : b) Spouse only

5% bonus on initial deposit of MIS account allowed an account opened between a) 08 Dec 2007 to 30 Nov 2011 b) 13 Feb 2006 to 30 Nov 2011 c) Before 13 Feb 2006 d) None of these

Description : 5% bonus on initial deposit of MIS account allowed an account opened between a) 08 Dec 2007 to 30 Nov 2011 b) 13 Feb 2006 to 30 Nov 2011 c) Before 13 Feb 2006 d) None of these

Last Answer : a) 08 Dec 2007 to 30 Nov 2011

Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Description : Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Last Answer : d) All the above

Mark the correct option a) In case RD account opened between 1st and 15th of the month the subsequent deposit shall be made up to 15th of the next month. b) In case RD account opened between 16th and last date of the month the subsequent deposit shall be made up to end of the month of next month c) The above effect apply all account opened before 01 Jan 2012 and after . d) All the above

Description : Mark the correct option a) In case RD account opened between 1st and 15th of the month the subsequent deposit shall be made up to 15th of the next month. b) In case RD account opened between 16th and ... c) The above effect apply all account opened before 01 Jan 2012 and after . d) All the above

Last Answer : d) All the above

The maturity value on Rs 10 denomination of RD account opened on or after 01 Dec 2011 and up to 31 Mar 12 and 01 Apr 12 is(Interest @8.4%) a) 728.29 b) 738.62, 747 c) 738.51 d) 738.10

Description : The maturity value on Rs 10 denomination of RD account opened on or after 01 Dec 2011 and up to 31 Mar 12 and 01 Apr 12 is(Interest @8.4%) a) 728.29 b) 738.62, 747 c) 738.51 d) 738.10

Last Answer : b) 738.62, 747

The rate of interest in RD account opened before 01 Dec 11 and on or after 01 Dec 2011 and up to 31 Mar 12 is a) 6.5%, 7% b) 7.5%, 8% c) 8%, 8.5% d) 8%, 8.2%

Description : The rate of interest in RD account opened before 01 Dec 11 and on or after 01 Dec 2011 and up to 31 Mar 12 is a) 6.5%, 7% b) 7.5%, 8% c) 8%, 8.5% d) 8%, 8.2%

Last Answer : b) 7.5%, 8%

Mark the correct option a) The account can be transferred submitting an application in form SB 10(b) b) The account may be opened in using the form SB 3 c) SB 7 is necessary to get withdrawal except cheque account d) All the above

Description : Mark the correct option a) The account can be transferred submitting an application in form SB 10(b) b) The account may be opened in using the form SB 3 c) SB 7 is necessary to get withdrawal except cheque account d) All the above

Last Answer : d) All the above

When an account opened in contravention of rules a) The account should be closed b) The deposit made in the account refunded to the depositor without interest c) Both A and B d) None of these

Description : When an account opened in contravention of rules a) The account should be closed b) The deposit made in the account refunded to the depositor without interest c) Both A and B d) None of these

Last Answer : c) Both A and B

Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Last Answer : d) All the above

A blind or illiterate or physically handicapped adult a) Cannot be opened any account b) May open or operate account personally c) May operate account through a literate agent nominated by him for the purpose d) Both the B and C

Description : A blind or illiterate or physically handicapped adult a) Cannot be opened any account b) May open or operate account personally c) May operate account through a literate agent nominated by him for the purpose d) Both the B and C

Last Answer : d) Both the B and C

Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can be opened in the name of husband and wife provided that names of both are registered in the job card c) Joint B account cannot be opened under this category of account d) Only one account can be opened. e) All the above

Description : Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can ... be opened under this category of account d) Only one account can be opened. e) All the above

Last Answer : d) Only one account can be opened.

Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) Sanchayika accounts can be opened in the name of the principal/teacher and two students not less than 10 year of age c) Minor account can be opened by a person under the law in force from time to time as guardian when father and mother both are not alive d) All the above

Description : Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) ... from time to time as guardian when father and mother both are not alive d) All the above

Last Answer : d) All the above

If the account opened with initial deposit exceeding Rs 50000/- _____ is mandatory a) Pan Card photocopy b) Declaration in form 60/61 c) Both the above d) Either A or B

Description : If the account opened with initial deposit exceeding Rs 50000/- _____ is mandatory a) Pan Card photocopy b) Declaration in form 60/61 c) Both the above d) Either A or B

Last Answer : d) Either A or B

How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

Description : How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

Last Answer : a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father

Cash bag received in account office should be opened by a) Postmaster in presence of sub postmaster c) Treasure in presence of sub account assistant c) Either A or B d) Neither A nor B

Description : Cash bag received in account office should be opened by a) Postmaster in presence of sub postmaster c) Treasure in presence of sub account assistant c) Either A or B d) Neither A nor B

Last Answer : c) Treasure in presence of sub account assistant

BO account bag received in the account office should be opened by a) Sub account assistant b) Sub account assistant in presence of Treasurer c) Treasurer d) Treasurer in presence of Sub account assistant

Description : BO account bag received in the account office should be opened by a) Sub account assistant b) Sub account assistant in presence of Treasurer c) Treasurer d) Treasurer in presence of Sub account assistant

Last Answer : d) Treasurer in presence of Sub account assistant

Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account

Description : Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account

Last Answer : d) Rent is a personal account, outstanding rent is nominal accoun

Amalgamate adjustment account is opened in the books of transferee company to incorporate: A. The assets of the transferor company B. The liabilities of the transferor company C. The statutory reserves of the transferor company D. The non – statutory reserves of the transferor company

Description : Amalgamate adjustment account is opened in the books of transferee company to incorporate: A. The assets of the transferor company B. The liabilities of the transferor company C. The statutory reserves of the transferor company D. The non – statutory reserves of the transferor company

Last Answer : C. The statutory reserves of the transferor company

In Phila,PA. which is the oldest bank that is still in operation and doing business today?

Description : In Phila,PA. which is the oldest bank that is still in operation and doing business today?

Last Answer : From this article in the New York Times, it appears to be the Bank of North America which opened in 1781.

(i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Description : (i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Last Answer : Fill in the Blanks : (i) In __________ Book-keeping system, only Cash/Bank A/c ... ____________ accuracy is not guaranteed under Single Entry System.

The first Kshetriya Gramin Bank (KGB) was opened in India is— (A) 1972 (B) 1980 (C) 1975 (D) 1969

Description : The first Kshetriya Gramin Bank (KGB) was opened in India is— (A) 1972 (B) 1980 (C) 1975 (D) 1969

Last Answer : (C) 1975

Regarding turkeys at Trader Joe's. What is the difference between their "regular" pre brined turkyey, and the "Kosher" pre brined turkey.

Description : Regarding turkeys at Trader Joe's. What is the difference between their "regular" pre brined turkyey, and the "Kosher" pre brined turkey.

Last Answer : 1) Kosher killed, meaning instantaneous for the bird. 2) examined by the mashgiach (Kosher inspector) to make sure no bad or blemished areas, or diseased areas on the bird, So probably a slightly better quality of turkey meat. What’s the difference in price?