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MCQs on Banking -Set 1
1. Which of the following is not concerned with banks? A. Loan B. Deposit C. Insurance D. Letter of credit Correct Answer: C 2. Which is the first development bank of Nepal? A. Nepal Industrial Development Corporation B. Lumbini Development Bank C. Housing Development Bank D. Muktinath Bikas Bank Correct Answer: A 3. When was…
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MCQs on Economics – Set 1
1. Which of the following is an indirect tax? A. Income Tax B. Corporate tax C. Entertainment tax. D. None of these Correct Answer: C 2. Capital budget consist of: A. Revenue Receipts and Revenue Expenditure B. Capital Receipts and Capital Expenditure C. Direct and Indirect Tax D. None of these Correct Answer: B 3.…
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MCQs on Accountancy and Finance – Set 3
1. Profit and loss account starts with A. Net profit B. Net loss C. Gross profit D. None Correct answer: C. Gross profit 2. All revenue incomes are credited to A. Manufacturing account B. Trading account C. Profit and loss account D. None of the above Correct answer: C. Profit and loss account 3. In…
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MCQs on AcCOUNTANCY and Finance – Set 2
1. Inventories, cash and equivalents and accounts receivables are listed as A. Earnings on Income Statement B. Payments on Income Statement C. Assets on the Balance Sheet D. Liabilities on the Balance Sheet Correct answer: C. Assets on the Balance Sheet 2. Which of the following is not a current asset A. Supplies B. Land…
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MCQs on Accountancy and Finance – Set 1
1. The price reductions offered to customers for large orders, to encourage them to purchase in large quantities is known as ___. A. Freebies B. Quantity discounts C. Normal discounts D. Premiums Correct answer: B. Quantity discounts 2. A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed…