Mock Test 6


1. ________ refers to that portion of total deposits of a commercial bank which it has to keep with itself in the form of liquid assets.

 
 
 
 

2. In order to control credit

 
 
 
 

3. The Sale of Goods Act, 1930 came into force on

 
 
 
 

4. A person can be introduced as a partner in a firm with the consent of_________.

 
 
 
 

5. Difference of totals of both debit and credit side of the trial balance is transferred to

 
 
 
 

6. Amount spent, for the construction of temporary huts, which were necessary for
construction of the cinema house and demolished when the cinema house was ready is a

 
 
 
 

7. A void agreement is a agreement without any legal effect and cannot be enforced in a
court of law. The following are instances of void agreements:

 
 
 
 

8. The lender of last resort’ means

 
 
 
 

9. In case of sale the position of a buyer is that of_____.

 
 
 
 

10. The purpose of accommodation bill is

 
 
 
 

Question 1 of 10