Most Important & Most Repeated MCQs

  • 02
  • 03
  • 04
  • 05
  • a
  • Banks often use 2 types of interests, which are :
    Simple Interest
    Compound Interest

  • 7
  • 8
  • 9
  • 10
  • a
  • Public Company is also called Limited Company.
    There are minimum seven member sin Public Company and no limit for maximum members/ partners.
    The audit of Public Limited Company is Compulsory.

  • 40
  • 50
  • 60
  • 70
  • b
  • Minimum members / partners of Private Company are 02 and maximum should be 50.
    The audit of Private Company is not Compulsory.

  • 05
  • 06
  • 07
  • 08
  • a
  • Straight Line Method
    Annuity Method
    Depreciation Fund Method
    Revalution Method
    Reducing Method

  • Physical Asset Market
  • Primary Market
  • Capital Market
  • All of the above
  • d
  • A financial market is a word that describes a marketplace where bonds, equity, securities, currencies are traded.

  • Retirement
  • Resign
  • Dismiss
  • Corruption
  • a
  • There are four types of Pension:
    Compensation Pension
    Invalid Pension
    Superannuation Pension
    Retiring Pension

  • Monthly
  • Daily
  • Weekly
  • None of above
  • b
  • The Journal is a French language word and derived from “Jour” which means day. Therefore, the meaning of Journal is daily.
    Transactions are recorded on daily basis in Journal.