JAIIB (Accounting & Finance For Bankers) Paper- Qus & Ans, 1 to 5

Q1. Mix of debt and equity is known as -----.

1) Organizational structure of the firm

2) Financial structure of the firm

3) Capital structure of the firm

4) Bond equity structure of the firm

Q2. Income and Expenditure Account is a -----

1) Nominal Account

2) Real Account

3) Personal Account

4) Final Account

Q3. Where del-credere commission is paid, ___________

1) The normal commission is not payable to the consignee

2) The bad debts, if any, are borne by the consignee

3) The amount of normal commission is reduced by the del-credere commission

4) The bad debts, if any, are borne by the consignor

Q4. Shares issued by a company to employees or directors at a discount or for consideration other than cash for providing know how or making available in the nature

of IPR or value addition are known as -----

1) Equity shares without voting rights

2) Sweat equity shares

3) Employees stock options

4) Convertible preference shares

Q5. If expenses have been incurred but not paid or income is due but not received, necessary entries are required to be passed to depict the correct picture. These

entries are known as -----

1) Contra entries

2) Rectification entries

3) Closing entries

4) Adjusting entries

Answers:

No Ans Available For Q.1 . Plz send your Ans. with Qus. on babita.kanwar05@gmail.com . I want to Update.