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 Accounting and Finance Questions

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Q:

Smart money is a term used for

A) Credit cards B) Cash with bank
C) Cash with public D) Internet banking
 
Answer & Explanation Answer: A) Credit cards

Explanation:

Smart money is a term used for credit card.

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Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

The reserves of a commercial bank consist of

A) the bank's net worth B) the amount of money market funds it holds
C) government securities that the bank holds D) deposits at the Federal Reserve Bank and vault cash
 
Answer & Explanation Answer: D) deposits at the Federal Reserve Bank and vault cash

Explanation:
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Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The principle of diversification tells us that

A) spreading an investment across many diverse assets will eliminate some of the total risk B) concentrating an investment in two or three large stocks will eliminate all of the unsystematic risk
C) spreading an investment across five diverse companies will not lower the total risk D) concentrating an investment in three companies all within the same industry will greatly reduce the systematic risk
 
Answer & Explanation Answer: A) spreading an investment across many diverse assets will eliminate some of the total risk

Explanation:

The principle of diversification tells us that spreading an investment across many diverse assets will eliminate some of the total risk.

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Filed Under: Accounts Receivable
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

When a debtor owes several debts to a banker and makes a payment, the right of appropriation lies with

A) The Court B) The Banker
C) The Debtor D) All the above
 
Answer & Explanation Answer: C) The Debtor

Explanation:
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Q:

Select the correct statement regarding fixed costs.

A) Because they do not change, fixed costs should be ignored in decision making. B) The fixed cost per unit decreases when volume increases.
C) The fixed cost per unit does not change when volume decreases. D) The fixed cost per unit increases when volume increases.
 
Answer & Explanation Answer: B) The fixed cost per unit decreases when volume increases.

Explanation:

The fixed cost per unit decreases when volume increases is the correct statement regarding fixed costs.

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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
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0 2426
Q:

The income and substitution effects account for

A) the upward sloping curve B) the downward sloping curve
C) Both A & B D) None of the above
 
Answer & Explanation Answer: B) the downward sloping curve

Explanation:
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Q:

Which best describes the difference between stocks and bonds?

A) stocks allow investors to own a portion of the company; bonds are loans to the company B) stocks are more reliable investment;bonds tend to be more volatile
C) stocks allow investors to share in profits;bonds make investors responsible for company debts D) stocks pay interest to investors throughout the year; bonds only pay interest at fixed times during the year
 
Answer & Explanation Answer: B) stocks are more reliable investment;bonds tend to be more volatile

Explanation:
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Q:

Which of the following is a type of savings vehicle?

A) Checking Account B) Certificate of Deposit
C) Money Market Account D) Both B & C
 
Answer & Explanation Answer: D) Both B & C

Explanation:

Which_of_the_following_is_a_type_of_savings_vehicle1558588145.jpg image

 

A savings vehicle is a bank account that's used to hold your savings.

 

The basic saving vehicles include :

Savings accounts,

Money market accounts,

Certificates of deposit, and

Stock market.

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