Banking and Loksewa Objective Question.

Banking and Loksewa Objective Question.

• Management
• Banking Sector
• Loksewa
• Quiz
• RBB
• NRB
• ADBL
• NBL

1. Inventory errors are often caused by:
a) Secure stockrooms
b) Trained personnel
c) Authorised withdrawal of materials
d) Lack of audit capability



2. Paid rent Rs.25,000 and outstanding rent Rs. 15,000 rent expenses will be.
a) Debited by Rs. 10,000
b) Credited by Rs.10,000
c) Debited by Rs.40,000
d) Debited by Rs.25,000



3. Which one is smallest in scope?
a) Accountancy
b) Accounting
c) Book keeping
d) None of them



4.Which of the following is not An expense?
a) Wages And Salaries
b) Dividend payments
c) Stationery
d) Materials



5.Deferred Taxation is....
a) Part of owners equity
b) Fixed assest
c) Fixed liabilities
d) None of these



6. Double entry system is use in which type of...
a) Cost
b) Financial
c) Managment
d) All



7. Capital budgeting involves the...
a) Planning of Purchase
b) Planning of Sales
c) Planning of expenditure for assets
d) All of the above



8. Accounting cycle does not include:
a) Recording
b) Decision making
c) Classification
d) Interpreting



9. For a motorcycle showroom............. is an inventory.
a) Furniture
b) Motorcycle
c) Car
d) Stationery



10. Government Account is..........
a) Profitable in nature
b) Non-profitable in nature
c) Sometimes profitable
d) Sometimes a sometimes



11.What are the techniques of job analysis?
a) Job focused
b) Person focused
c) A and B
d) None of the above



12. What are the process of job evaluation?
a) Gaining acceptance
b) Creating job evaluation committee
c) Analysising and preparing job
d) All of the above



13. What are the advantages of internal sources?
a) Economical
b) Suitable
c) Reliable
d) All of the above



14. What are the internal methods of recruitment?
a) Promotion
b) Overtime
c) Acting
d) All of the above



15. The return of goods by a customer should be debited to ?
a) Return outward
b) Return inward account
c) Goods account
d) Accounts receivable



16. The rent paid to landlord is credited to?
a) Landlord's account
b) Rent account
c) Cash account
d) None of the above



17. Voucher relates to ............?
a) Cash receipt
b) Cash payment
c) Credit transactions
d) All of the above



18. All the following items are classified as fundamental accounting assumption except?
a) Consistency
b) Business entity
c) Going concern
d) Accrual



19. Patents account is ...........a account.
a) Personal
b) Real
c) Nominal
d) None of the above



20. Assets are held in the business for the purpose of..
a) Resale
b) Real
c) Earning revenue
d) None of the above



21. ...........equals revenue minus all explicit costs?
a) Accounting profit
b) Economic profit
c) Normal profit
d) Loss



22. The father of new Economic is.............?
a) Marshall
b) J.M. Keynas
c) Adam Smith
d) Karl Marx



23. Which of the following is Not a economic cost?
a) Wages
b) Rents
c) Economic profits
d) Private cost



24. The regulatory mechanism of the market system is ......?
a) Self interest
b) Private property
c) Competition
d) Specialization



25. Microeconomics is Not concerned With the behaviour of:
a) Consumers
b) Aggregate demand
c) Firms
d) Industries.



26. What is full from by WTO?
a) World Trade Organisation
b) World Terrorism Organisation
c) World Tower Organisation
d) World Team Organisation



27. Under Inductive method the logic proceeds from:
a) General to particulars
b) Particular to general
c) Both A and B
d) None



28. According to Robbins, means are .....?
a) Scarce
b) Unlimited
c) Undefined
d) All of those



29.The best means of savings during inflation is to keep:
a) Money
b) Government bonds
c) Equity
d) Time deposits with banks



30. An essential attribute of inflation is:
a) Fall in production
b) Increase in Prices
c) Absence of black market
d) presence of black market