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2
Q:

Black markets are associated with

A) Price floors and the resulting product shortages B) Ceiling prices and the resulting product shortages
C) Price floors and the resulting product surpluses D) Ceiling prices and the resulting product surpluses

Answer:   B) Ceiling prices and the resulting product shortages



Explanation:
Subject: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
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A) Friendly staff B) High food safety standards
C) Good records D) Delicious food
 
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The basic goal of integrated marketing communications is to

 

 

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Answer & Explanation Answer: C) NBFCs

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Business transaction are recorded

A) in chronological order B) at the end of the month
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Answer & Explanation Answer: A) in chronological order

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Which major bank has launched the 'Unnati Credit Card' in 2017 to enhance credit inclusion in India?

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Answer & Explanation Answer: A) SBI

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On a classified balance sheet, companies usually list current assets

A) in the order of acquisition. B) with the largest dollar amounts first.
C) in alphabetical order. D) in the order in which they are expected to be converted into cash.
 
Answer & Explanation Answer: D) in the order in which they are expected to be converted into cash.

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A trial balance will not balance if

A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500. B) correct journal entry is posted twice
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Answer & Explanation Answer: A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.

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 In December 2017, as per the announcement made by the finance Ministry, nearly how much amount have banks lost on account of frauds in the fiscal 2016-17?

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Answer & Explanation Answer: C) Rs 17,000 crore

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