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Q:

To buy goods on credit means to

A) promise to pay for goods later. B) pay only a discount price.
C) promise to pay only a sale price. D) pay cash for goods.
 
Answer & Explanation Answer: A) promise to pay for goods later.

Explanation:

If as a business, you buy goods or services on credit from a supplier (accounts payable) then the supplier will supply the goods and business will incur a liability to the supplier for that amount, but no cash will change hands at that stage.

Some of those shop keepers allowed regular "trustworthy" customers to purchase items without having the full payment.

Hence, Buying on credit means that no actual money has changed hands.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 6609
Q:

Reykjavik is the capital of which country?

A) Jamaica B) Jordan
C) Iceland D) Ireland
 
Answer & Explanation Answer: C) Iceland

Explanation:
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Filed Under: Country Capitals

76 6608
Q:

Who is the First Test Tube Twins Babies in the World?

A) Louise Brown & Vesli Multinder B) Stephan & Amanda
C) Harsha & Indhira D) Elizabeth Car & Carl Wood
 
Answer & Explanation Answer: B) Stephan & Amanda

Explanation:
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Filed Under: World History

14 6606
Q:

The term "Smart Money" broadly refers to ___________.

 

A) Foreign currency B) Internet banking
C) U.S. Dollars D) Travellers’ cheques
 
Answer & Explanation Answer: B) Internet banking

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

0 6605
Q:

In which of the following part of Neuron the information is transmitted in the chemical form?

 

A) Dendrite B) Cell body
C) Axon D) No option is correct
 
Answer & Explanation Answer: D) No option is correct

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

2 6603
Q:

Who said " You give me blood, I will give you freedom "

A) Mahatma Gandhi B) Bal Gangadhar Tilak
C) Subhash Chandra Bose D) Bhagat singh
 
Answer & Explanation Answer: C) Subhash Chandra Bose

Explanation:
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Filed Under: Famous Personalities

4 6602
Q:

The East India Company had taken Bombay from?

A) The Dutch B) Charles I
C) Charles II D) The Portuguese
 
Answer & Explanation Answer: C) Charles II

Explanation:
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Filed Under: Indian History

19 6600
Q:

Exogenic forces are connected with

A) Plucking action B) Volcanic action
C) Lithosperic D) Atmospheric
 
Answer & Explanation Answer: D) Atmospheric

Explanation:
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Filed Under: World Geography

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