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Banking & Insurance TYBCOM SEMESTER VI BCOM (BANKING & INSURANCE) TY BBI SEMESTER VI REGULAR EXAMINATION - 2020 1. The Central Bank is the lender of the last resort because a. Its acts as a banker to the government b. Its acts as a clearing agent house for commercial banks c. When banks are unable to get finance through other source, it provides them finance help d. It’s a apex bank 2. The supervisory role of reserve Bank of India is/are a. Issuing license b. Conducting supervision c. Collecting information about credit facility d. Collecting cheques 3. The present governor of RBI is a. Dr Urjit Patel b. Raghuram Rajan c. Mr Shashikant Das d. Mr shaktikanta Das 4. Which is a tool that helps RBI to stabilize money supply and prices of government securities a. EOQ b. EPQ c. JIT d. OMO 5. Repo means a. Repurchase option b. Re purchase order c. Repurchase offer d. None of the above 6. Repo rate is the rate at which: a. R.B.I. injects liquidity into the system. b. R.B.I absorbs liquidity from the system. c. Banks provide loan to business firms. d. Banks provide loans to priority sectors. 7. Which of the following Governors of RBI also served as the Finance Minister of India? a. Raghuram Rajan b. Amitabha Ghosh c. Sir Benegal Rama Rau d. Dr. Manmohan Singh 8. includes the systems that enable financial institution customers, individual or businesses a. E- banking b. M-banking c. I – banking d. O- banking 9. Credit creation is the function of a. Chit funds b. Commercial Banks c. NABARD d. RBI 10. Progressive system of taxation helps to inflation. a. Reduce b. Increase c. Neutralise d. Control 11. Capital Market is a market for lending and borrowing of long term and term funds a. Short b. Medium c. Quarterly d. Parallel 12. The headquarters of the Asian Development Bank is located at a. India b. USA c. Philippines d. Vietnam 13. A mild inflation is for the economy. a. Good b. Bad c. Harmful d. Neutral 14. Banking ombudsman may reject the complaint a. immediately after receipt b. after hearing both parties c. at any stage d. always 15. Which among the following defines Marginal Standing Facility Rate? a. The rate at which banks place their surplus funds with the RBI b. The rate at which banks can borrow against their excess SLR securities to meet additional liquidity requirements c. The rate at which the Reserve Bank is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase d. The rate at which banks borrow funds from the Reserve Bank against eligible collaterals 16. The websites which allows the customer to do all banking transaction are called a. Advanced transactional website b. E transaction website c. Mobile banking d. None of the above 17. Central Bank of 19 Europe Union Countries a. Bank of England b. European Central Bank c. Federal Bank of England d. Bank of Hongkong 18. is concerned with the money supply credit creation by banks and rate of interest. a. Fiscal policy b. Monetary policy c. Exchange rate policy d. Rerun policy 19. Which of the following is false about the restrictions on RBI a. It is not to compete with the commercial banks b. It is not allowed to pay interest on its deposits c. It cannot engage directly or indirectly in trade d. It accepts deposits from public 20. Which is not the main features of National stock exchange which was established in the year 1992 a. Computerized trading b. Use of satellite communication c. Strict rolling settlement d. Take deposits from public 21. Which among the following is incorrect? a. RBI is the Bank of Issue b. RBI acts as Banker to the Government c. RBI is Banker's Bank d. RBI does not regulate the flow of credit 22. On which commission’s recommendations; Reserve Bank of India was established? a. Chamberlain Commission b. Hilton Young Commission c. Keynes Commission d. Rangarajan committee 23. In which year Liquidity Adjustment Facility (LAF) was introduced by Reserve Bank of India? a. 1998 b. 2000 c. 2002 d. 2004 24 -------------- policy is known as an estimate of taxation and government spending that impacts the economy. a. Monetary policy b. Fiscal policy c. Credit policy d. Defense 25. Which of the following are the forms of E-banking? i) Internet Banking ii) Telephone Banking iii) Electronic Check conversion iv) Electronic Bill Payment v) Direct Deposit a. i, ii, iii and ivonly b. ii, iii, iv and vonly c. i, iii, iv and vonly d. i, ii, iii, iv andv SUBJECT: AUDITING -II 1 would mean record maintained by the company to record a specific financial transaction. a) Approval of books of accounts b) Report c) Maintenance of books of accounts d) Cash books of accounts 2 The books of account must be kept on basis. a) Cash b) Accrual c) Ledger d) Personally 3 Books of account of the company shall be kept at the office of the company. a) Sales b) Purchase c) Registered d) Home 4 The financial statement of the company shall be late by before the shareholders at the annual general meeting. a) Shareholders b) Creditors c) Board of directors d) Debenture holder 5 No dividend to be declared if company fail to comply with provision de to acceptance and of deposits. a) Purchase b) Repayment c) Investment d) Sale 6 Auditor should obtain mangement representation to complement the audit procedures. a) Oral b) Written c) Gesture d) Evidence 7 is amount of profit available for distribution of dividend. a) Divisible profit b) Non divisible profit c) Security premium d) Capital reserve 8 LLP stand for a) Limited liable partners b) Limited Liability Partnership c) Limited Local Partnership d) Liable local partnership 9 Management audit otherwise calledas . a) Financialaudit b) Efficiency audit c) Cost audit d) Cashaudit 10 The banks which perform function of accepting and lending loans are known as banks a. Commercial Banks b. Development Banks c. Regional Rural Banks d. Cooperative Banks Nationalise banks are part of 11 a. Private Sector Banks b. Public Sector Banks c. Cooperative Banks d. Development Banks 12 The laws applicable to banks is a. Banking Regulations Act, 1949 b. Sale of goods Act, 1930 c. Consumer Protection Act, 2019 d. Indian Contract Act,1872 13 The provisions for presentation of financial Statements of banks are given under Section of Banking Regulation Act, 1949. a. 31 b. 29 c. 20 d. 18 14 The Cooperative banks which have operations through out the country is bank a. Central Cooperative Banks b. State Cooperative Banks c. Primary Cooperative Banks d. None of the above 15 Auditor of Scheduled banks is appointed by a. Shareholders b. Board of Directors c. Central Government d. RRB’s 16 Remuneration of Nationalized banks is fixed by _ a. Shareholders b. Central Government c. RBI d. SBI 17 ............. of the Companies Act, 2013 empowers the Central Government to order companies engaged in Manufacturing to maintain cost records: a) Section 128 b) Section 130 c) Section 302 d) Section 139 18 ............. of the Companies Act, 2013 empowers the Central Government to order companies engaged in Manufacturing to maintain cost records: e) Section 128 f) Section 130 g) Section 302 h) Section 139 19 The cost Auditor should be appointed by the ......................... in accordance with the provision of section 139. a) Board of directors b) Secretory c) Central Government d) State Government 20 Cost auditor has the same power and duties, which a company auditor has under Section .. a) 143 b) 145 c) 146 d) 174 21 In Auditing HRA stands for: a) Human Resource Audit b) Human Required Authority c) Human Record and Application d) Human Required Analysis 22 Social audit is assessment of performance of an organization. a) Financial b) Social c) Legal d) Environmental 23 is an inspection survey and analysis of energy flows for energy conservations. a) Energy Audit b) Environmental audit c) Social Audit d) Legal audit 24 act as Secretary of Audit Committee. a) Managing Director b) Company Secretary c) CEO d) Chartered Accountant 25 Audit committee should have at least directors. a) 2 b) 3 c) 4 d) 5 Human Resources Management SEM VI Sample Multiple Choice Questions 1. Human resource planning is the process of assessing the organisations human resources mean in the light of organisation goals and changing conditions and making plans to ensure that a competent stable workforce is employed. Is according to a. Spinner b. Wendell French c. Coleman d. DeCenzo 2. The important factor that strongly influence the establishment of human resources department is a. Size of the organization b. Management vision c. Management mission d. Management goal 3. under technique of job designing employee gets an opportunity to do a variety of work and interact with new people. a. work simplification b. job rotation c. job enlargement d. job enrichment 4. Which of the following is the need of human resources planning which is essential in anticipating the cost of human resources is called as a. Budgeting process b. Government policies c. Departmental adjustment Shortage of skills 5. Which of the following is an example of external source of recruitment? a. Recall of ex employees b. Employee referrals c. Employment agencies d. Promotion 6. Which of the following is an example of external source of recruitment? a. Recall of ex employees b. Employee referrals c. Employment agencies d. Promotion 7. JMC stands for a. Junior Management Councils b. Joint Management Councils c. Junior Meeting Clients d.
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