Banking Terminologies

IMPORTANT

Banking Terminologies: Overview

This topic covers concepts such as Common Banking Terminologies, Electronic Fund Transfer, Liquidity Ratio, Universal Banking, Virtual Banking, Prepaid and Postpaid Card, Market Capitalization, Prime Lending Rate, Assets and Liabilities, etc.

Important Questions on Banking Terminologies

EASY
IMPORTANT

A book in which receipts and payments are recorded, is known as _____.

HARD
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Electronic funds transfer is the exchange of money _____

EASY
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Physical verification of fixed assets is primary responsibility of which of the following objective ?

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IMPORTANT

Which of the following in a particular serial, the auditor is generally expected to carry out ?
I. Verification of Assets and Liabilities officers.
II. Vouching of transactions.
III. Checking of valuation of Assets and Liabilities.

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__________ transactions results in decrease in owner's equity and increase in liabilities.

EASY
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The effect of a depreciation of the domestic currency on the trade balance is likely to-

MEDIUM
IMPORTANT

Which of the following depends upon the requirement of execution of documents ?

EASY
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The transactions which will increase an asset and also decrease an asset is known as _____.

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In inventory control, the economic order quantity is the:

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The appellate authority for an industrial dispute is:

EASY
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In marketing, market penetration means:

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IMPORTANT

What is meant by Auditing ?

MEDIUM
IMPORTANT

Which of the following will be created the mortgage, if XYZ Limited has its registered office at Chennai, corporate office in Mumbai, and it has a commercial building at kolkata which it wants to equitably mortgage (EM) for a loan being raised at Bangalore ?

EASY
IMPORTANT

In the A-B-C control policy, maximum attention is given to:

EASY
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Auditing standards differ from auditing procedures in that the procedures related to which of the following objectives ?

MEDIUM
IMPORTANT

Mobile banking means:

EASY
IMPORTANT

Analysis and estimation of cash flows includes which of the following factors ?

EASY
IMPORTANT

Plastic flow in ductile materials:

EASY
IMPORTANT

Which of the following institutions is the most important participant in foreign currency markets?

EASY
IMPORTANT

Which of the following statements are true regarding sales returns and allowances?