Students and Teachers Forum

1. Each operating level offices receives an amount equal to the ______ of its last year's total budget expenditure at the beginning of each fiscal year as revolving or imprest fund release.

.....

2. The transactions other than ______ are called miscellaneous transactions.

"all the options are .....

3. The amount of expenditure ______.

"all the options are .....

4. If the amount of expenditure is more than the advance given, the excess amount of expenditure is paid through ______.

.....

5. The amount of advance, which is given for performing the specific task, should be ______.

"cleared after its .....

6. When the advance is given ______.

"the party receiving the advance with related budget head is debited and Nepal Rastra Bank is .....

7. Advance is an amount, which is given to official staff and other parties before receiving goods and services.

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8. The process of closing different accounts at the end of the fiscal year is called ______ closing of accounts.

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9. The budget for the government is approved by the parliament on an ______ basis.

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10. The journal voucher for the budget expenditure records the payment for budget expenditures like ______.

"all the options are .....

11. The journal voucher for the budget expenditure is also known as a ______.

"general journal .....

12. The journal voucher which is prepared to record the transactions relating to budget expenditure is called ______.

"journal voucher for the budget .....

13. The amount of expenditure ______.

"all the options are .....

14. The amount of advance, which is given for performing the specific task, should be ______.

"cleared after its .....

15. While posting advance given transaction in the bank cash book, which account is affected?

"All the options are .....

16. ______ is an amount, which is given to official staff and other parties before receiving goods and services.

.....

17. The journal voucher which is prepared to record the transactions relating to budget expenditure is called ______.

"journal voucher for the budget .....

18. Bank cash book is a ______, which is prepared after the preparation of journal voucher.

.....

19. The full form of ATM is ______.

"Automated Teller .....

20. Telegraphic transfer is costlier than ______.

"bank .....

21. ______ is an informal value transfer system between huge networks of money brokers.

.....

22. ______ is a computerized device which provides the financial services to the customers without the involvement of human clerk.

.....

23. ______ is an order issued by a bank directing its branch in another place through telegraph to pay a certain sum of money to a certain person.

"Telegraphic .....

24. WTO was established on ______.

"1st January .....

25. ______ is an international level organization established to manage, regulate and facilitate the global trade by maintaining trade discipline among member nations.

.....

26. ______ is a mutual agreement made by SAARC countries to promote the mutual trade and enhance economic cooperation by ensuring the free flow of goods and services among member countries.

.....

27. What does SAFTA stand for?

"South Asian Free Trade .....

28. The full form of GATT is ______.

"General Agreement on Trade and .....

29. WTO stands for ______.

"World Trade .....

30. ______ is the invoice issued at that time when it is agreed to sell goods by bearing only the cost price and freight charges of goods.

"C and F .....

31. ______ states the local or godown price of the exporter.

"Loco .....

32. ______ is the invoice issued at that time when all the expenses up to the shipboard are borne by an exporter.

"FOB .....

33. The invoice is the outcome of trading activity which is important in ______.

"all the options are .....

34. Invoice discloses the details of goods delivered like ______.

"all the options are .....

35. Invoice is prepared to inform buyer ______.

"all the options are .....

36. A bill of goods prepared by the seller and sent along with sold goods is called ______.

"an .....

37. The bill of lading contains the full description of the ______.

"all the options are .....

38. In foreign trade, the exporter generally dispatches the goods to the importer through the ship with the help of a special document known as ______.

"a bill of .....

39. The foreign trade exists because all types of goods necessary for human beings cannot be produced by a single country due to the lack of ______.

"all the options are .....

40. The sale of goods to a foreign country is called ______.

.....

41. The purchase of goods from a foreign country is called ______.

.....

42. The trade which is carried on between two or more countries is called ______.

"foreign .....

43. A bill of goods prepared by the seller and sent along with sold goods is called ______.

"an .....

44. Invoice is generally prepared by ______ copies.

.....

45. ______ confirms the right delivery of goods on right time.

"Acknowledgement .....

46. Reply is also called ______.

.....

47. A document issued by the transport company stating that the goods have been received to carry them from the place of the seller to the place of the buyer is called ______.

"an .....

48. Reply is also called ______.

.....

49. The trade which is carried on within a country is called ______.

"home .....

50. The written reply given by the seller/ exporter quoting the price of the goods is called ______.

"quotation .....