InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 52. |
What Is The Term Ad Referendum Means? |
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Answer» This term MEANS that although the CONTRACT has been SIGNED, CERTAIN matters have been left over for consideration when they ACTUALLY arise This term means that although the contract has been signed, certain matters have been left over for consideration when they actually arise |
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| 53. |
What Is Similar To Overdraft Except That It Is Comparatively For A Longer Period? |
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Answer» Cash credit |
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| 54. |
What Is The Price At Which The Supply Curve For A Good And Its Demand Curve Intersect Called? |
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Answer» Equilibrium price |
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| 55. |
What Is The Term Used With Particular Reference To Bills Of Exchange? |
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Answer» Endorsement Endorsement |
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| 56. |
What Function Of The Computer Ensures That The Data Are Not Distorted During Processing? |
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Answer» Parity check |
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| 58. |
What Is A Questionnaire? |
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Answer» A document specially PRODUCED in LARGE numbers containing a set of QUESTIONS intended to elicit useful information A document specially produced in large numbers containing a set of questions intended to elicit useful information |
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| 59. |
Who Is A Journeyman? |
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Answer» A CRAFTSMAN who, having FINISHED his PERIOD of APPRENTICESHIP A craftsman who, having finished his period of apprenticeship |
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| 60. |
What Is Freight? |
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Answer» The MONEY paid to a SHIP owner for carrying goods by an exporter The money paid to a ship owner for carrying goods by an exporter |
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| 61. |
Which Is A Chief Subsidiary Object Of Auditing? |
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Answer» DETECTION of FRAUDS and ERRORS Detection of Frauds and errors |
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| 62. |
Which Are The Two Departments Suggested By Taylor? |
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Answer» Planning and Operation |
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| 63. |
Who First Suggested The Separation Of Manual Work From Mental Labour Through The Establishment Of Two Department? |
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Answer» Taylor Taylor |
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| 64. |
Which Are The Main Principles In Allocation Of Office Work? |
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Answer» They are SPECIALIZATION, CORRELATION and BUSINESS CONNECTION They are specialization, correlation and business connection |
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| 65. |
What Is Quasi-loan? |
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Answer» It is an arrangement between two PERSONS under which one agrees to MEET some of the other’s FINANCIAL OBLIGATIONS on condition that the later reimburses him. It is an arrangement between two persons under which one agrees to meet some of the other’s financial obligations on condition that the later reimburses him. |
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| 66. |
Which Department Is Maintained In Every Modern Business House To Obtain The Good Will Of The People? |
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Answer» Public relations departments |
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| 67. |
In Which Organization, Every Subordinate Must Obey His Superior, Whether Be Likes It Or Not? |
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Answer» Formal organization |
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| 68. |
What Is Subsidy? |
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Answer» It is a method ADOPTED by the GOVERNMENT or a company of SUPPORTING a price It is a method adopted by the government or a company of supporting a price |
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| 69. |
How Is An Asset Expressed? |
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Answer» ASSETS LIABILITIES = OWNER’s EQUITY Assets Liabilities = owner’s equity |
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| 70. |
What Is The Term Used To Indicate A Statement Of What Is Owned And What Is Owed? |
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Answer» ASSETS and LIABILITY STATEMENTS Assets and Liability statements |
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| 71. |
What Is The Main Distinction Between An Auditor And An Accountant? |
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Answer» It is the duty of the auditor to PREPARE the ACCOUNTS, The accounts has to be prepared by the accountant where as the auditor is concerned with the detailed and critical EXAMINATION of the ACCOUNT book It is the duty of the auditor to prepare the accounts, The accounts has to be prepared by the accountant where as the auditor is concerned with the detailed and critical examination of the account book |
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| 72. |
The Profit Margin Which A Retailer Of Goods Obtains From His Supplier Is Called........ |
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Answer» Trade discount |
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| 73. |
In The Aspect Of Banking Business What Is The Term Used Of Giving Loans To Companies On A Large Scale? |
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Answer» Wholesale banking |
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| 74. |
What Is Syndicate? |
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Answer» A group of people working TOGETHER TOWARDS a common OBJECTIVE usually PROFIT is called a syndicate. A group of people working together towards a common objective usually profit is called a syndicate. |
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| 75. |
What Is A Decision Tree? |
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Answer» A DIAGRAM of a sequence of decisions, each of which involves choosing between a known NUMBER of ALTERNATIVES and depends on the resultants of the previous decisions A diagram of a sequence of decisions, each of which involves choosing between a known number of alternatives and depends on the resultants of the previous decisions |
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| 76. |
What Is Dead Time? |
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Answer» TIME LOST through no fault of the employee and for which he is USUALLY paid at the full RATE Time lost through no fault of the employee and for which he is usually paid at the full rate |
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| 77. |
Which Is The Technique Designed To Create An Artificial Market To Benefit A Businessman? |
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Answer» Rigging the market |
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| 78. |
In Which Form The Co-operative Society, Distributes Its Surplus Dividends To Its Members? |
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Answer» In the form of bonus |
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| 79. |
Which Bank Note Gives The Bearer The Right To Have Its Face Value Converted Into Gold Or Some Other Commodity Of Value Equivalent To The Amount Stated? |
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Answer» CONVERTIBLE bank-note Convertible bank-note |
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| 80. |
What Is The Minimum Number Of Members In A Public Company? |
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Answer» Seven Seven |
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| 81. |
What Is The Maximum Number Of Partners In Banking Business? |
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Answer» Ten Ten |
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| 82. |
Which Is A Document Containing A Rules And Regulations For The Internal Management Of The Company? |
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Answer» The ARTICLE of ASSOCIATION The article of association |
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| 83. |
Which Is The Most Important Clauses Of The Memorandum? |
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Answer» The object clause |
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| 84. |
In The Name Of A Company Which Word Should Be Used At The End? |
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Answer» Limited Limited |
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| 85. |
In The Charter Of The Company While Choosing A Name Which Word Should Not Be Included? |
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Answer» Co-operative Co-operative |
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| 86. |
Minimum Number Of Persons Who Has To Sign The Memorandum Of Association? |
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Answer» SEVEN PERSONS in the PRESENCE of ONE WITNESS Seven persons in the presence of one witness |
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| 87. |
Which Is The Basic Document Of A Company? |
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Answer» Memorandum of association |
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| 88. |
The Fixed Cost Of Producing A Quantity Of A Good Divided By The Quantity Produced Is…… |
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Answer» Average fixed cost |
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| 89. |
What Is The Name Of Entry Which Is Used In Bank Column Cash Book To Record The Money Transaction? |
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Answer» Contra entry |
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| 91. |
What Is Tenor? |
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Answer» A bill of EXCHANGE may be PAYABLE SOMETIME in the FUTURE A bill of exchange may be payable sometime in the future |
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| 92. |
What Is A Person Or Party To Whom An Assignment Is Made Called? |
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Answer» Assignee Assignee |
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| 93. |
The Selection Of Goods Offered For Sale By A Retailer Is Called........ |
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Answer» Assortment Assortment |
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| 94. |
The Bailment Of Goods As Security For Payment Of A Debt Is Called....... |
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Answer» Pledge Pledge |
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| 95. |
Which Audit Is Conducted Only Once In A While And That Also When The Client Desires? |
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Answer» Occasional audit |
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| 96. |
What Is A Man Hour? |
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Answer» It is an unit for measuring EMPLOYMENT equivalent to the employment of ONE person for one hour It is an unit for measuring employment equivalent to the employment of one person for one hour |
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| 97. |
In A Company Who Is Responsible For Considering The Legal Aspects Of Company Activities? |
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Answer» The company secretary |
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| 98. |
Who Are Entitled To Take Part In The Control And Management Of Business In A Company? |
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Answer» The BOARD of DIRECTORS ELECTED by the SHAREHOLDERS The board of directors elected by the shareholders |
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| 99. |
What Is The Term Used With Reference To Assurance Policies? |
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Answer» Endowment Endowment |
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| 100. |
A Document Issued By A Vendor Giving Credit To The Debtor Is Called...... |
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Answer» Credit note |
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