M.com Part 2 All Subject MCQ Link In One Link
a. NPA
b. Savings
c. Current
d. Overdraft.
ANS: A
2. For a _________ audit no period is defined.
a. Internal
b. External
c. Concurrent
d. Statutory.
ANS: C
3._________ audit determine whether IT controls protect corporate assets, ensure data integrity and are aligned with the business overall goals.
a. Information
b. Concurrent
c. Internal
d. External.
ANS: A
4. Audit related to __________ is known as Inventory Audit.
a. Cash
b. Expenses
c. Inventory
d. Debtors.
ANS: C
5. The server room audit, in detail is a part of _______________ Audit.
a. Internal
b. External
c. Information Technology
d. Concurrent.
ANS: C
6.Sales and Marketing function audit is a known as ___________ Audit.
a. Process
b. Internal
c. External.
d. Statutory.
ANS: A
7. The extended form of L/c. is ___________.
a. Letter of credit.
b. Letter of customer.
c. Letter of client.
d. Letter of concealment.
ANS: A
8. NPA norms were introduced by RBI on the recommendations of ____________ Committee.
a. Narasimhan
b. Gandhi
c. Patel
d. Srinivasan.
ANS: A
9. An account is transferred to NPA, if its stops generating income continuously for _______ days and is considered as out of order/overdue.
a. 30
b. 60.
c. 90
d. 120
ANS: C
10. A loan given by a Bank for purchase of car is known as _____________.
a. Four wheeler loan.
b. Personal loan
c. Working capital loan.
d. Housing Loan.
ANS: A
11. Gold loan given by bank is a ___________ loan.
a. Secured.
b. Unsecured
c. Personal
d. Corporate.
ANS: A
12. Stock includes raw materials, work in progress and _______ goods.
a. finished
b. scrap
c. moveable
d. fixed.
ANS: A
13. Working capital means current assets minus ________ liabilities.
a. Current
b. Scrap
c. Fixed
d. Capital.
ANS: A
14. EXIM Bank expanded form is _________ .
a. Export and Import Bank.
b. Expert and Import Bank.
c. Employees and Import Bank.
d. Export and Important Bank.
ANS: A
15. A person who owes money to the bank is called as _________.
a. Debtor
b. Creditor
c. Importer.
d. Exporter.
ANS: A
16. Only ___________ can accept deposit and give loans to the Public.
a. NBFC.
b. Bank.
c. MNC
d. Corporates.
ANS: B
17.NBFC cannot accept __________ from the General Public.
a. Deposits
b. Credit
c. Cash.
d. loan.
ANS: A
18. SBI full form is ___________.
a. State Bank of India.
b. State Brand of India.
c. Students Bank of India.
d. Security Bank of India.
ANS: A
19. Concurrent audit for exports related activity one of the document to be verified is ___________.
a. Bank credit for foreign exchange.
b. Export invoice.
c. Shipping bill.
d. Labelling.
ANS: A
20. As per RBIs guideline the export proceeds is to be realized within ________ months.
a. Two
b. Three
c. Six
d. Five
ANS: C
21. The currency of United States of America is __________.
a. Pound
b. Dollar
c. Rupees.
d. Euro.
ANS: B
22. The Currency of Britan is _________.
a. Dollar
b. Pound
c. Rupees.
d. Euro.
ANS: B
23. One of the Audit check point for Housing loan is to verify if the agreement is __________.
a. Verbal
b. Written
c. Registered.
d. Digital.
ANS: C
24. One of the Audit check point for Gold loan is to verify if the valuation is done by _______ Valuers.
a. Two
b. One
c. Fifty
d. Hundred.
ANS: A
25. One of the Audit check point for Working Capital is to _____________ check the Inventory.
a. Physically
b. Digital
c. Manual
d. Electronic.
ANS: A
26. The rate of interest on a personal loan given to a retail customer is the _______.
a. lowest.
b. medium
c. highest.
d. neutral.
ANS: C
27. One of the Audit check point in banks for an export transaction is to check if the ________ was re ceived.
a. Invoice
b. L/c
c. Bill of Exchange.
d. cheque received.
ANS: B
28. The income received by bank is _____ and fund based.
a. fee.
b. interest
c. revenue
d. consultancy.
ANS: A
29. For a four wheeler loan one of the audit check point is to verify if the _________ is hypothecated.
a. Four wheeler.
b. Two wheeler.
c. Gold
d. Working capital.
ANS: A
30. One of the Audit point of Housing loan is to verify the ________ money is paid by the borrower.
a. Margin
b. Cost
c. Value
d. Interest
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b. Savings
c. Current
d. Overdraft.
ANS: A
2. For a _________ audit no period is defined.
a. Internal
b. External
c. Concurrent
d. Statutory.
ANS: C
3._________ audit determine whether IT controls protect corporate assets, ensure data integrity and are aligned with the business overall goals.
a. Information
b. Concurrent
c. Internal
d. External.
ANS: A
4. Audit related to __________ is known as Inventory Audit.
a. Cash
b. Expenses
c. Inventory
d. Debtors.
ANS: C
5. The server room audit, in detail is a part of _______________ Audit.
a. Internal
b. External
c. Information Technology
d. Concurrent.
ANS: C
6.Sales and Marketing function audit is a known as ___________ Audit.
a. Process
b. Internal
c. External.
d. Statutory.
ANS: A
7. The extended form of L/c. is ___________.
a. Letter of credit.
b. Letter of customer.
c. Letter of client.
d. Letter of concealment.
ANS: A
8. NPA norms were introduced by RBI on the recommendations of ____________ Committee.
a. Narasimhan
b. Gandhi
c. Patel
d. Srinivasan.
ANS: A
9. An account is transferred to NPA, if its stops generating income continuously for _______ days and is considered as out of order/overdue.
a. 30
b. 60.
c. 90
d. 120
ANS: C
10. A loan given by a Bank for purchase of car is known as _____________.
a. Four wheeler loan.
b. Personal loan
c. Working capital loan.
d. Housing Loan.
ANS: A
11. Gold loan given by bank is a ___________ loan.
a. Secured.
b. Unsecured
c. Personal
d. Corporate.
ANS: A
12. Stock includes raw materials, work in progress and _______ goods.
a. finished
b. scrap
c. moveable
d. fixed.
ANS: A
13. Working capital means current assets minus ________ liabilities.
a. Current
b. Scrap
c. Fixed
d. Capital.
ANS: A
14. EXIM Bank expanded form is _________ .
a. Export and Import Bank.
b. Expert and Import Bank.
c. Employees and Import Bank.
d. Export and Important Bank.
ANS: A
15. A person who owes money to the bank is called as _________.
a. Debtor
b. Creditor
c. Importer.
d. Exporter.
ANS: A
16. Only ___________ can accept deposit and give loans to the Public.
a. NBFC.
b. Bank.
c. MNC
d. Corporates.
ANS: B
17.NBFC cannot accept __________ from the General Public.
a. Deposits
b. Credit
c. Cash.
d. loan.
ANS: A
18. SBI full form is ___________.
a. State Bank of India.
b. State Brand of India.
c. Students Bank of India.
d. Security Bank of India.
ANS: A
19. Concurrent audit for exports related activity one of the document to be verified is ___________.
a. Bank credit for foreign exchange.
b. Export invoice.
c. Shipping bill.
d. Labelling.
ANS: A
20. As per RBIs guideline the export proceeds is to be realized within ________ months.
a. Two
b. Three
c. Six
d. Five
ANS: C
21. The currency of United States of America is __________.
a. Pound
b. Dollar
c. Rupees.
d. Euro.
ANS: B
22. The Currency of Britan is _________.
a. Dollar
b. Pound
c. Rupees.
d. Euro.
ANS: B
23. One of the Audit check point for Housing loan is to verify if the agreement is __________.
a. Verbal
b. Written
c. Registered.
d. Digital.
ANS: C
24. One of the Audit check point for Gold loan is to verify if the valuation is done by _______ Valuers.
a. Two
b. One
c. Fifty
d. Hundred.
ANS: A
25. One of the Audit check point for Working Capital is to _____________ check the Inventory.
a. Physically
b. Digital
c. Manual
d. Electronic.
ANS: A
26. The rate of interest on a personal loan given to a retail customer is the _______.
a. lowest.
b. medium
c. highest.
d. neutral.
ANS: C
27. One of the Audit check point in banks for an export transaction is to check if the ________ was re ceived.
a. Invoice
b. L/c
c. Bill of Exchange.
d. cheque received.
ANS: B
28. The income received by bank is _____ and fund based.
a. fee.
b. interest
c. revenue
d. consultancy.
ANS: A
29. For a four wheeler loan one of the audit check point is to verify if the _________ is hypothecated.
a. Four wheeler.
b. Two wheeler.
c. Gold
d. Working capital.
ANS: A
30. One of the Audit point of Housing loan is to verify the ________ money is paid by the borrower.
a. Margin
b. Cost
c. Value
d. Interest
ANS: A
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