Students and Teachers Forum

1. The insurance policy purchased by a debtor for a short period to ensure the repayment of a loan to the creditor is called ______.

"term life .....

2. The insurance which is done for the whole life of human being is known as ______.

"whole life .....

3. "Life insurance contract may be defined as the contract whereby the insurer in the consideration of a premium undertakes to pay a certain sum of money either on a death of the insured or on the expiry of the fixed period." Who gave this definition?

"M. N. .....

4. Life insurance is also known as ______.

"contingent .....

5. The life insurance in modern lines was developed in the ______ century.

.....

6. Life insurance was started in England and other European countries in the ______ century.

.....

7. The people of the society exposed to a number of personal risks due to their ______.

"all the options are .....

8. The insurance business has become ______ part of the business.

"an .....

9. "Insurance is a co-operating device to spread loss caused by a particular risk over a number of persons who are exposed to it who agree to insure themselves against that risk." Who gave this definition?

"Prof. R. S. .....

10. "Insurance can be defined as a contract made by the person paying a certain amount based on estimated life and he or his representative gets the amount after his death or expiry of a policy period." Who gave this definition?

"Insurance Business Act, .....

11. Insurance is a way, which provides security to the man and his property against the ______.

"all the options are .....

12. If the cheque is ______, it will not be acceptable to the bank.

"all the options are .....

13. If the bank pays the amount of the cheque to the payee, the cheque is said to be ______.

.....

14. Which one of them is not the reason for the endorsement of the cheque?

"If the signature is not given or the signature given on the cheque matches with the signature given on the signature specification .....

15. The signature given on the cheque should tally with the signature given on the ______.

"signature specification .....

16. The amount mentioned on the cheque ______ the amount deposited in the bank.

"should not be more .....

17. The ______ is the party who presents the cheque for payment.

.....

18. A ______ is a party on whom the cheque is drawn.

.....

19. A ______ is a person who signs on the cheque.

.....

20. Which one of them is the characteristic of cheque?

"All the options are .....

21. An unconditional order drawn upon a specified banker signed by the maker is called ______.

.....

22. The cheque is an important means of ______.

.....

23. Rural development bank has got authorized capital of ______.

"Rs. 300 .....

24. The bank which is established to provide microcredit services to the people of rural areas under group guarantee without collateral for the purpose of helping them to generate income is known as ______.

"rural development .....

25. The bank, which provides financial and technical assistance for the promotion and development of the industrial sector of the country is known as ______.

"industrial development .....

26. What is the full form of ADB?

"Agriculture Development .....

27. The bank, which is established to develop the agricultural sector of the country, is called ______.

"agriculture development .....

28. What is the full form of NIDC?

"Nepal Industrial Development .....

29. Which one of them is the function of development bank?

"All the options are .....

30. The full form of NIDC is ______.

"Nepal Industrial Development .....

31. The oldest development bank named Societe Generale de Belgique was established in ______in Belgium.

"1822 .....

32. Development banks mainly fulfil financial, administrative and technical requirement for the development of infrastructure facilities like ______.

"all the options are .....

33. The bank which facilitates the economic sectors such as industrial, agricultural, rural, etc. by providing capital and technical assistance for their development is known as ______.

"development .....

34. Which one of them is the function of commercial bank?

"All the options are .....

35. "A bank is an institution which deals in money and credit." Whose saying is this?

"ML .....

36. "Commercial banks are those banks which are established under this act to perform commercial functions except those which are established for specific purposes like development, cooperatives etc." Who said this?

"Commercial Bank Act, .....

37. A commercial bank is regarded as the ______ financial institution in the history of banking.

.....

38. The bank which accepts deposits of the public and organization and grants loan to them against securities and provide financial services such as agency service, transfer of money, exchanging foreign currency, issuing capital, etc. is called ______.

"commercial .....

39. Which one of them is the function of central bank?

"All the options are .....

40. "The central bank stands to the member banks in exactly the same relation as the member banks themselves to the public." Whose saying is this?

.....

41. "Central bank may be defined as an institution which is charged with the responsibility of managing, expansion and contraction for the volume of money in the interest of the public welfare." Whose saying is this?

"Prof. R. P. .....

42. The central bank is the _____ bank in a country.

.....

43. A supreme banking institution which involves in controlling, supervising and regulating the activities of the commercial bank and other financial institutions is called ______.

"central .....

44. The ______ is newly opened account with the difference amount of the trial balance.

"suspense .....

45. The ______ is the temporary means for making the trial balance equal.

"suspense .....

46. Adjustment and closing of the trial balance is ______ process of closing.

"an .....

47. The errors should be ______ as early as possible.

"all the options are .....

48. The indication for the existence of accounting errors in the book of accounts is called the ______ of the trial balance.

.....

49. Which one of them is the error not disclosed by the trial balance?

"Compensating .....

50. Which one of them is the error disclosed by the trial balance?

"Obtaining wrong balance of an .....