Banking Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.
- Redeemed debentures by issuing ordinary shares – Rate of return on ordinary shareholders’ equity
A) Rs.5 lacs & above
B) Rs.5 lacs & above
C) Rs 10 lacs & above
D) No such limit
- Cash cannot be accepted for issue of DDs/TTs/Rupee TCs from the customers for Rs. ……
A) Rs.10,000/- & above
B) Rs.50,000/- & above
C) Rs.20,000/- & above
D) Rs.40,000/- & above
- Wages Paid for the erection of machine debited to wages Account
A) Error of Principal
B) Error of Commission
C) Error of Ommission
D) Error of Mathematics
- Instruments payable to order can be transferred or negotiated by?
A) Endorsement & delivery
B) Mere Delivery
C) Encashmant
D) None
- When the consignee receives the goods from the consigner
A) Goods are debited to goods received on consignment account
B) No entry is to be passed
C) Credit consignor’s personal account
D) None
- The main function of an Asset Management Company is to:
A) hold the securities of various schemes
B) manage the funds by making investments in various types of securities
C) hold its property for the benefit of the unit holders
D) act on behalf of SEBI
- Which of following is special journal?
A) Purchase book
B) Debit Account
C) Credit Account
D) Capital Account
- Sales book do not contain:
A) Trade discount
B) Credit Sales of Goods
C) Credit Sales
D) Cash Sales
- Subsidiary book contain:
A) loss of goods
B) Credit Items
C) Interest on Capitals
D) Sale of Assets
- Zero coupons bonds ……
A) Do not carry any interest. It is issued at a lower price than its redemption value
B) Carry a fixed rate of interest payable at the time of redemption of the bonds
C) Bears zero risk
D) all of the above