Top 150+ Solved Special Accounting MCQ Questions Answer
Q. A banking company prepares its ……………….. according to Form A Of the Banking Regulations Act
a. Fund flow statement
b. Cash flow method
c. Balance sheet
d. Income statement
Q. Section 5(1) b of Banking Regulations Act , 1949 deals with
a. Banking
b. Insurance
c. Bills
d. Dividend
Q. Banking Regulations Act 1949 Section 17 deals with
a. General Reserve
b. Reserve fund
c. capital reserve
d. Statutory reserve
Q. Assets which does not carry more than normal risk attach to business and no provision in required to be made against such assets are called
a. standard asset
b. substandard asset
c. Fixed asset
d. current asset
Q. The claim lodged by the business to …………………….. on happening the event is known as insurance claim
a. Banking company
b. Joint stock company
c. Insurance company
d. None of these
Q. The account prepared to find out the stock as on the date of fire is known as ……………………………… trading accounts.
a. statement
b. memorandum
c. consolidated
d. joint
Q. The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
a. Total clause
b. minimum clause
c. maximum clause
d. Average clause
Q. The ………………………. Is less than the value of stock it is called under insurance?
a. Endowment policy
b. Life policy
c. Accident policy
d. Insurance policy
Q. Insurance claim is a claim ……………………… by the insurance company
a. Lodged
b. Longed
c. Lounged
d. laughed
Q. Consequential loss policy is also known as ……………………….
a. Loss of cost policy
b. loss of profit policy
c. loss of Operation cost policy
d. loss of operating expenses policy
Q. It is ………………………….. to ascertain the value of stock as on the date of fire
a. very easy
b. not very easy
c. very difficult
d. not very difficult
Q. …………………….. is prepared to find out the stock as on the date of fire
a. Trading account
b. Profit and loss account
c. manufacturing account
d. memorandum trading account
Q. ………………………. Is the difference between standard sales and actual sales of dislocated period
a. short sale
b. Total sales
c. gross sales
d. Net sales
Q. The turnover during that period in the twelve month immediately before the date of damage which corresponds with the indemnity period is called ……………………………….
a. Annual turnover
b. standard turnover
c. total turnover
d. Net turnover