391. Debit what comes in and credit what goes out is a basic principle of ?
A. Personal account
B. Real account
C. Nominal account
D. Personal and nominal account

392. Instalments of term loan payable within a year is:
A. Current liability
B. Contingent liability
C. Term liability
D. Annual liability

393. Which one of the following is not included in functions of bank?
A. payment of insurance premium donation, taxes and other such instalments
B. Arrangements for buying and selling gold/ silver, shares, bonds
C. Supply of trade information about the industries to those who are interested
D. Arranging for the expert advice on planing and execution of projects

394. The bank deposits which serve as the principle medium of ‘ circulating medium of exchange ‘ comes under :
A. Fixed deposits
B. Cumulative deposits
C. Current deposits
D. Recurring deposits

395. The credit offered by the suppliers to buyers at all the stages of production and all the channels of distribution is :
A. Instalment credit
B. Trade credit
C. Cash credit
D. Consumer credit

396. ICICI stands for :
A. Industrial Credit and Investment Corporation of India
B. Industrial and commercial Investment Corporation of India
C. Industrial corporation of Investment and Commercial Institution
D. Industrial corporation of Investment and credit Income

397. Uniform parts of a loan raised by a company are knows as:
A. Public deposits
B. Debentures
C. Equity shares
D. Borrowed capital

398. When the arrears of future for the years of inadequate proits are payable out of future, the shares are:
A. Non- Cumulative
B. Equity shares
C. Ordinary shares
D. Cumulative shares

399. “pooled commission ” means :
A. Equal share of commission on total sale
B. Share of commission on total profit
C. Equal share of commission on annual total sale
D. Straight salary plus bonus on sale

400. After passing Diploma in pharmacy part II the candidate has to undergo practical training of :
A. 500 hrs
B. 400 hrs
C. 600 hrs
D. 450 hrs

NOTE
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