Finance Inspector 2024 Examination MCQs with solutions

1. Which Indian state organizes the Dhanu Yatra festival?

A

Gujrat

B

Odhisa

C

West Bengal

D

Kerela

Festival Finance Inspector 2024
Correct Answer: B
Explanation

The Dhanu Yatra festival is organized in the state of Odisha, India. It is held annually in the town of Bargarh, which transforms into the mythological city of Mathura during the festival. Dhanu Yatra is a reenactment of the mythological story of Lord Krishna and his demon uncle King Kansa.

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2. Amnesty International is associated with which of the following?

A

Human Rights

B

Cultural Heritage Protection

C

Forest Conservation

D

Animal Rights

General Finance Inspector 2024
Correct Answer: A
Explanation

Amnesty International is associated with human rights advocacy. It is a non-governmental organization (NGO) that focuses on defending and promoting human rights globally. Amnesty International conducts research, advocates for justice, and works to raise awareness about human rights abuses.

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3. On which date, the International Day of the Abolition of Slavery is observed?

A

December 2

B

December 10

C

February 2

D

February 10

General Finance Inspector 2024
Correct Answer: A
Explanation

The International Day of the Abolition of Slavery is observed on December 2nd each year. This day aims to raise awareness about the atrocities of modern slavery and the importance of abolishing all forms of slavery worldwide.

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4. What is the name of new QUAD that India is a part of, along with the US, UAE and Israel?

A

QUAD+

B

Mini QUAD

C

Middle-East QUAD

D

I2U2

General Finance Inspector 2024
Correct Answer: A
Explanation

The new group that India is a part of, along with the US, UAE, and Israel, is called the Quad Plus or Quad+. This term refers to an expanded version of the original Quadrilateral Security Dialogue (Quad), which initially consisted of the US, Japan, India, and Australia. The Quad Plus includes additional countries like the UAE and Israel in discussions on regional and global issues.

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5. The capital of Turkey is

A

Istanbul

B

Ankara

C

Izmir

D

Antalya

General Finance Inspector 2024
Correct Answer: B
Explanation

The capital of Turkey is Ankara.

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6. How many non-permanent members does UN Security Council have?

A

10

B

7

C

3

D

5

General Finance Inspector 2024
Correct Answer: A
Explanation

The UN Security Council has 10 non-permanent members. These members are elected for two-year terms by the General Assembly. Each year, five of these seats are up for election, ensuring a rotation that allows different regions of the world to be represented on the Security Council.

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7. Which of the following contries is NOT a member of the SAARC Association?

A

Pakistan

B

Nepal

C

Bhutan

D

China

General Finance Inspector 2024
Correct Answer: D
Explanation

The SAARC (South Asian Association for Regional Cooperation) consists of 8 member countries. The countries that are members of SAARC are:

1. Afghanistan
2. Bangladesh
3. Bhutan
4. India
5. Maldives
6. Nepal
7. Pakistan
8. Sri Lanka

Therefore, the country that is NOT a member of the SAARC Association among the options provided would be China.

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8. The World Food Program (WFP) is the food assistance branch of the United Nations. Where is it headquartered?

A

Washington DC

B

Rome

C

Vienna

D

Brussels

General Finance Inspector 2024
Correct Answer: B
Explanation

The World Food Programme (WFP), which is the food assistance branch of the United Nations, is headquartered in Rome, Italy.

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9. Padma Vibhushan is the ______ civilian award of India.

A

Highest

B

Fourth Highest

C

Third Highest

D

Second Highest

General Finance Inspector 2024
Correct Answer: D
Explanation

Padma Vibhushan is the second-highest civilian award of India, after the Bharat Ratna. It is awarded by the Government of India for exceptional and distinguished service in any field including service rendered by government servants.

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10. Which of the following is the highest award for military service?

A

Ashoka Chakra

B

Param Vir Chakra

C

Shaurya Chakra

D

Kirti Chakra

General Finance Inspector 2024
Correct Answer: B
Explanation

The highest award for military service in India is the "Param Vir Chakra". It is awarded for acts of conspicuous bravery in the presence of the enemy.

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11. Who is the founder of the biotech Indian company called Biocon?

A

Indu Jain

B

Kiran Mazumdar Shaw

C

Ratan Tata

D

Indira Nyoyi

General Finance Inspector 2024
Correct Answer: B
Explanation

The founder of Biocon, a prominent biotechnology company based in India, is Kiran Mazumdar-Shaw. She established Biocon in 1978 and has since been a pioneer in the biotechnology sector in India, particularly known for her contributions to healthcare and innovation.

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12. Which pass connects Jammu and Kashmir with Ladakh?

A

Zoji La Pass

B

Nathu La Pass

C

Shipki La Pass

D

Rohtang Pass

General Finance Inspector 2024
Correct Answer: A
Explanation

The pass that connects Jammu and Kashmir with Ladakh is the **Zoji La pass**. It is located on the Indian National Highway 1D (NH 1D), which connects Srinagar in Jammu and Kashmir with Leh in Ladakh. Zoji La is a high mountain pass situated at an elevation of approximately 11,575 feet (3,528 meters) above sea level. It is an important lifeline for the region as it provides a vital road link between these two regions, especially during the summer months when it is open for vehicular traffic.

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13. Which district of Jammu and Kashmir is home to the famous Vishno Devi Shrine?

A

Reasi

B

Anantnag

C

Kistwar

D

Pulwama

JK History Finance Inspector 2024
Correct Answer: A
Explanation

The famous Vaishno Devi Shrine is located in the **Reasi district** of Jammu and Kashmir, India. This shrine is a major pilgrimage destination for Hindus, dedicated to Goddess Vaishnavi. It is situated in the Trikuta Mountains, approximately 42 kilometers from Jammu city.

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14. Which district of Jammu and Kashmir is famous for the Martand Sun Temple?

A

Anantnag

B

Ramban

C

Kathua

D

Doda

JK History Finance Inspector 2024
Correct Answer: A
Explanation

The Martand Sun Temple, an ancient Hindu temple dedicated to the Sun God, is located in the **Anantnag district** of Jammu and Kashmir, India. It is situated near the town of Mattan, approximately 8 kilometers from Anantnag town. The Martand Sun Temple is known for its architectural grandeur and historical significance, dating back to the 8th century CE.

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15. Which mountain range separates the Kashmir Valey from the Jammu region?

A

Zanskar

B

Karakoram

C

Dhauladhar

D

Pir Panjal

JK Geography Finance Inspector 2024
Correct Answer: D
Explanation

The mountain range that separates the Kashmir Valley from the Jammu region is the **Pir Panjal Range**. This range runs parallel to the Zoji La pass and forms a natural barrier between the Kashmir Valley to the north and the plains of Jammu to the south. It is an important geographical feature in the region, influencing the climate and accessibility between these two areas of Jammu and Kashmir.

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16. What is the currency of South Africa?

A

Rand

B

Real

C

Ruble

D

Peso

General Finance Inspector 2024
Correct Answer: A
Explanation

The currency of South Africa is the South African Rand, denoted by the symbol "R" and the currency code ZAR (South African Rand).

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17. The book Experiments with Truth is based on whose life?

A

Lala Lajpat Rai

B

Mohandas Karamchand Gandhi

C

Subhash Chadra Bose

D

Bhagat Singh

History Finance Inspector 2024
Correct Answer: B
Explanation

The book "Experiments with Truth" is based on the life of Mahatma Gandhi. It is also known by its original title "Satya Ke Sath Ek Atmakatha" in Hindi. This autobiography details Gandhi`s spiritual and political journey, highlighting his principles of nonviolence, truth, and self-discipline, which were central to his philosophy of Satyagraha (truth-force).

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18. The famous swimmer Micheal Phillips belongs to ______

A

Australia

B

England

C

Norway

D

America

Sports Finance Inspector 2024
Correct Answer: D
Explanation

Michael Phelps is an American swimmer who is widely regarded as one of the greatest swimmers of all time. He has won numerous Olympic gold medals and holds multiple world records in swimming events.

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19. The Hornbill Festival is celebrated in which state?

A

Assam

B

Mizoram

C

Nagaland

D

Arunachal Pradesh

General Finance Inspector 2024
Correct Answer: C
Explanation

The Hornbill Festival is celebrated in the state of Nagaland, India. It is a cultural festival held annually in the first week of December in the town of Kohima. The festival is named after the Indian hornbill, which is prominently featured in the folklore and traditions of the Naga tribes. It showcases the rich cultural heritage, traditional dances, music, crafts, and cuisine of the Naga people.

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20. Google was founded by Larry Page and ______?

A

Elon Musk

B

Jeff Bezos

C

Sergey Brin

D

George Bin

General Finance Inspector 2024
Correct Answer: C
Explanation

Google was founded by Larry Page and Sergey Brin. They founded Google in September 1998 while they were Ph.D. students at Stanford University in California, USA.

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21. Who among the following is  the co-founder of Twitter (now  known as X)?

A

Jack Dorsey

B

Richard Branson

C

Bill Gates

D

Tim Berners Lee

General Finance Inspector 2024
Correct Answer: A
Explanation

The co-founder of Twitter (often referred to as "X" in a playful or cryptic context) is Jack Dorsey. He, along with Biz Stone and Evan Williams, co-founded Twitter in 2006.

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22. The term Putt is used in the sport ________?

A

Cricket

B

Billiards

C

Chess

D

Golf

Sports Finance Inspector 2024
Correct Answer: D
Explanation

The term "Putt" is used in the sport of **golf**. Specifically, it refers to a stroke taken with a putter, which is a specialized club used on the putting green to roll the ball into the hole. The putt is a crucial part of golf, as it often determines the score on each hole.

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23. Sultan of Johor Cup is a tournament of which sport?

A

Golf

B

Pool

C

Snooker

D

Hockey

Sports Finance Inspector 2024
Correct Answer: D
Explanation

The Sultan of Johor Cup is a prestigious international hockey tournament. It is held annually and features top junior national hockey teams from around the world. The tournament takes place in Johor Bahru, Malaysia, and serves as a platform for young hockey players to showcase their skills at the international level.

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24. Which National park is located in Jammu and Kashmir and is known for its population of endangered Hangul?

A

Kaziranga National Park

B

Jim Corbett National Park

C

Dachigam National Park

D

Sundarbans National Park

National Parks Finance Inspector 2024
Correct Answer: C
Explanation

The National Park located in Jammu and Kashmir known for its population of endangered Hangul (Kashmiri stag) is Dachigam National Park. This park is situated near Srinagar and is renowned for its diverse flora and fauna, with the Hangul being a critically endangered species found there.

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25. Which Mughal emperor built the Shalimar Bagh in Srinagar?

A

Akbar

B

Jahangir

C

Shah Jahan

D

Aurangzeb

JK History Finance Inspector 2024
Correct Answer: B
Explanation

The Shalimar Bagh in Srinagar was built by Emperor Jahangir, who was the fourth Mughal Emperor of India. Jahangir commissioned the construction of Shalimar Bagh in 1619, primarily as a royal garden for his wife, Empress Nur Jahan. It is known for its beautiful terraced layout, water channels, and Chinar trees, reflecting the typical Mughal garden style.

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26. Which day is celebrated every year as World Environment Day?

A

5th August

B

5th July

C

5th June

D

5th February

General Finance Inspector 2024
Correct Answer: C
Explanation

World Environment Day is celebrated every year on June 5th. This day is designated by the United Nations to raise awareness about environmental issues and encourage global action to protect our planet. Each year, World Environment Day has a specific theme and is celebrated with various activities and initiatives around the world.

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27. The birth anniversary of ______ is celebrated as International Nurses Day every year.

A

Clara Barton

B

Florence Nightingale

C

Alice Walker

D

Mother Teresa

General Finance Inspector 2024
Correct Answer: B
Explanation

The birth anniversary of Florence Nightingale is celebrated as International Nurses Day every year on May 12th. Florence Nightingale, born on May 12, 1820, is considered the founder of modern nursing and her birthday is honored as a way to recognize and appreciate the contributions of nurses worldwide.

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28. In the context of the banking sector, what does F stand for in IFSC?

A

Functional

B

Fund

C

Fiscal

D

Financial

General Finance Inspector 2024
Correct Answer: D
Explanation

In the context of the banking sector, F in IFSC stands for "Financial." IFSC stands for Indian Financial System Code. It is a unique code assigned by the Reserve Bank of India (RBI) to each bank branch in India to facilitate electronic funds transfer and other online transactions. The IFSC code is used to identify the bank branch participating in various electronic payment systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

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29. Indian sportsperson Lakshya Sen is a ______ player?

A

Judo

B

Badminton

C

Kabbadi

D

Cricket

Sports Finance Inspector 2024
Correct Answer: B
Explanation

Indian sportsperson Lakshya Sen is a badminton player.

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30. The first Education Minister of Independent India was ____

A

Rajendra Prasad

B

Triguna Sen

C

KC Venugopal

D

Abul Kalam Azad

History Finance Inspector 2024
Correct Answer: D
Explanation

The first Education Minister of Independent India was Maulana Abul Kalam Azad.

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31. The Buddhist sites Vaishali and Nalanda are situated in which of the following state?

A

Bihar

B

Chhattisgarh

C

Odisha

D

Assam

History Finance Inspector 2024
Correct Answer: A
Explanation

The Buddhist sites Vaishali and Nalanda are situated in the state of Bihar.

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32. When does the entire earth experience equal days and nights?

A

Day of winter solstice

B

Day of summer solstice

C

At orbital plane

D

Day of equinox

Geography Finance Inspector 2024
Correct Answer: D
Explanation

The entire Earth experiences equal days and nights during the equinoxes. There are two equinoxes each year:

1. **Vernal (Spring) Equinox** - around March 20th or 21st.
2. **Autumnal (Fall) Equinox** - around September 22nd or 23rd.

During these times, the Sun is directly above the equator, resulting in nearly equal lengths of day and night across the globe.

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33. Which of the following is the outermost solid part of the Earth?

A

Mantle

B

Caldera

C

Crust

D

Core

Geography Finance Inspector 2024
Correct Answer: C
Explanation

The outermost solid part of the Earth is the **crust**.

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34. Which is the seventh largest country in the world by land area?

A

India

B

Brazil

C

Canada

D

Australia

Geography Finance Inspector 2024
Correct Answer: A
Explanation

The seventh largest country in the world by land area is India.

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35. Cirrus and cumulus are types of _______

A

Mountains

B

Clouds

C

Soils

D

Rivers

Geography Finance Inspector 2024
Correct Answer: B
Explanation

Cirrus and cumulus are types of clouds.

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36. Which of the following is NOT a Constitutional body?

A

Finance Commission

B

NITI Aayoq

C

National Commission for scheduled tribes

D

Election Commission

Polity Finance Inspector 2024
Correct Answer: B
Explanation

NITI Aayog is not a Constitutional body in India.

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37. Which type of Citizenship is provided by the Constitution of India?

A

Single Citizenship

B

Regional Citizenship

C

Dual Citizenship

D

Minority Citizenship

Polity Finance Inspector 2024
Correct Answer: A
Explanation

The Constitution of India provides for **single citizenship**. This means that every Indian citizen is a citizen of the Republic of India, and there is no separate state citizenship.

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38. On which day is Constitution Day celebrated every year in India?

A

30 May

B

26 November

C

26 January

D

15 October

Polity Finance Inspector 2024
Correct Answer: B
Explanation

Constitution Day, also known as National Law Day, is celebrated in India on November 26th every year. This day commemorates the adoption of the Constitution of India on November 26, 1949.

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39. Which of the following is NOT a feature of the India Federal System?

A

Bicameralism

B

Independent judiciary to settle disputes

C

Single tier Government

D

Division of powers between the Centre and States

Polity Finance Inspector 2024
Correct Answer: A
Explanation

The feature that is NOT typically associated with the Indian federal system is **bicameralism**. In India, the Parliament is unicameral, meaning it consists of only one house (the Lok Sabha and Rajya Sabha together form the Parliament, but it`s not a traditional bicameral system).

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40. Which of the following is NOT related to fundamental rights?

A

Right to form association

B

Right to education

C

Right to life

D

Right to property

Polity Finance Inspector 2024
Correct Answer: D
Explanation

The right that is NOT related to fundamental rights among the options listed is **right to property**. The right to property was initially a fundamental right under the Constitution of India but was later removed from the list of fundamental rights and placed under legal rights due to constitutional amendments.

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41. Which of the following writs  provides a remedy for a person who has ben unlawfully held in prison?

A

Certriorari

B

Habeas Corpus

C

Mandamus

D

Prohibition

Polity Finance Inspector 2024
Correct Answer: B
Explanation

The writ that provides a remedy for a person who has been unlawfully held in prison is **habeas corpus**. This writ directs the authority (such as a prison warden or government) to produce the detained individual before a court and justify the legality of their detention.

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42. How many tiers are there in a Panchayati Raj structure in India?

A

One

B

Two

C

Three

D

Four

Polity Finance Inspector 2024
Correct Answer: C
Explanation

There are typically three tiers in a Panchayati Raj structure in India:

1. **Village (Gram) Panchayat** at the lowest level, covering a group of villages.
2. **Intermediate (Block or Taluka) Panchayat** at the middle level, covering a group of Gram Panchayats.
3. **District (Zilla) Panchayat** at the highest level, covering a district or a group of blocks/taluks.

These tiers form a decentralized system of local self-government aimed at rural development and governance.

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43. Who implements the Model Code of Coduct for elections in India?

A

Parliament

B

Supreme Court

C

High Court

D

Election Commission

Polity Finance Inspector 2024
Correct Answer: D
Explanation

The Model Code of Conduct for elections in India is implemented and enforced by the Election Commission of India (ECI). This code sets guidelines for political parties and candidates to ensure free and fair elections by promoting ethical practices during the electoral process.

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44. In which of the following states there is a bicameral legislature?

A

Punjab

B

Goa

C

Bihar

D

Sikkim

Polity Finance Inspector 2024
Correct Answer: C
Explanation

Among the states listed, Bihar is the state with a bicameral legislature. It has two houses: the Legislative Assembly (Vidhan Sabha) and the Legislative Council (Vidhan Parishad).

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45. Upper House of the Indian Parliament is also know as _____?

A

Vidhan Sabha

B

Vidhan Parishad

C

Lok Sabha

D

Rajya Sabha

Polity Finance Inspector 2024
Correct Answer: D
Explanation

The Upper House of the Indian Parliament is also known as the **Rajya Sabha**.

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46. Who presides over the joint sitting of Lok Sabha and the Rajya Sabha?

A

Speaker of the Lok Sabha

B

Vice President of India

C

Speaker of Rajya Sabha

D

Chief Justice of India

Polity Finance Inspector 2024
Correct Answer: A
Explanation

The joint sitting of the Lok Sabha (House of the People) and the Rajya Sabha (Council of States) in India is presided over by the Speaker of the Lok Sabha.

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47. What explains the financial position of the reporting entity at the end of accounting period?

A

Balance Sheet

B

Income Statement

C

Ledger

D

Notes and Schedules

ABK Finance Inspector 2024
Correct Answer: A
Explanation

The financial position of a reporting entity at the end of an accounting period is typically explained by the **balance sheet**. The balance sheet provides a snapshot of the entity`s assets, liabilities, and equity at a specific point in time, usually at the end of the financial year.

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48. What is written evidence in support of a business transaction?

A

Ledger

B

Voucher

C

Journal

D

None of the above

ABK Finance Inspector 2024
Correct Answer: B
Explanation

The written evidence in support of a business transaction is a **voucher**. Vouchers are documents that provide proof of the occurrence of a transaction, such as invoices, receipts, bills, or any other document supporting a financial transaction.

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49. Trademarks, Copyrights and Patents are classified under _____ assets.

A

Intangible

B

Fixed

C

Current

D

Tangible

ABK Finance Inspector 2024
Correct Answer: A
Explanation

Trademarks, copyrights, and patents are classified under **intangible assets**. Intangible assets are non-physical assets that provide a company with long-term value, often through legal protections or intellectual property rights.

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50. Current assets minus current liabilities is equal to ______

A

Losing Capital

B

Gaining Capital

C

Fixed Capital

D

Working Capital

ABK Finance Inspector 2024
Correct Answer: D
Explanation

Current assets minus current liabilities equals **working capital**. Working capital represents the liquidity available to a business after deducting its short-term liabilities from its short-term assets.

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51. Which of the following comes under nominal account?

A

Bank Account

B

Commission Account

C

Furniture Account

D

Interest Received Account

ABK Finance Inspector 2024
Correct Answer: B
Explanation

Among the options listed, the **commission account** comes under nominal accounts. Nominal accounts are accounts that relate to revenues, expenses, gains, or losses, such as income and expense accounts used in businesses for tracking transactions.

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52. What is the name of the statement sent along with the purchase return?

A

Credit Note

B

Bills Payable Book

C

Debit Note

D

Purchase Return Book

ABK Finance Inspector 2024
Correct Answer: C
Explanation

The statement sent along with the purchase return is typically called a **debit note**. A debit note is a document issued by a buyer to a seller as a formal request for a credit note, usually when goods are returned or when there is an overcharge. It serves as a record of the return and the adjustment needed in the seller`s accounts.

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53. Which fo the following is not an inventory?

A

Raw Material

B

Finished Products

C

Both A & B

D

Machines

ABK Finance Inspector 2024
Correct Answer: B
Explanation

Among the options provided, **raw material** is not considered inventory in the traditional sense because it refers to materials and components that are yet to be used in production or are in the process of being used. Finished goods, on the other hand, are completed products ready for sale or distribution and are typically considered inventory.

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54. The account which shows the classified summary of transactions of a cash book in a non-trading concern is known as ______.

A

Trading A/C

B

Profit and Loss Appropriatioin A/C

C

Receipt Payment A/C

D

Trading and P/L A/C

ABK Finance Inspector 2024
Correct Answer: C
Explanation

The account which shows the classified summary of transactions of a cash book in a non-trading concern is known as the **receipts and payments account**. This account summarizes all cash receipts and payments made by a non-trading organization (such as clubs, charities, or societies) during a specific period, similar to how a cash flow statement operates in a trading concern.

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55. Which of the following does not have the features of foreign bills?

A

A bill drawn in India on a person resident outside India and made payable outside India

B

A bill drawn outside India and made payable outside India

C

A bill drawn outside India and made payable in India

D

A bill drawn in India and made payable in India

ABK Finance Inspector 2024
Correct Answer: D
Explanation

The option that does not have the features of foreign bills is:

- **A bill drawn in India and made payable in India**

Foreign bills typically involve transactions where the drawee and the place of payment are located in different countries or involve foreign currencies. Therefore, a bill drawn and made payable entirely within India does not fall under the category of foreign bills.

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56. Which fo the following is the recently opened bank in India?

A

IDFC

B

Bandhu

C

Axis

D

Gunjan

General Finance Inspector 2024
Correct Answer: A
Explanation

Among the options provided, "Gunjan" and "Bandhu" do not appear to be names of recently opened banks in India. Axis Bank and IDFC Bank are established banks in India, with Axis Bank being one of the prominent private sector banks and IDFC Bank being a newer bank that started operations in recent years.

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57. Who is responsible for the supply of coins in India?

A

Reserve bank of India

B

Ministry of Finance

C

Ministry of commerce and Industry

D

Banker`s Association of India

General Finance Inspector 2024
Correct Answer: B
Explanation

In India, the supply of coins is the responsibility of the **Government of India** through the Ministry of Finance. The coins are minted by the Security Printing and Minting Corporation of India Limited (SPMCIL) under the authority of the Government of India.

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58. Which among the following is not a public sector bank?

A

Allahabad Bank

B

City Union Bank

C

UCO Bank

D

Vijaya Bank

General Finance Inspector 2024
Correct Answer: B
Explanation

City Union Bank is not a public sector bank. It is a private sector bank in India. The other banks listed (Allahabad Bank, UCO Bank, and Vijaya Bank) are public sector banks.

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59. Which of the following is the definition of a budget deficit?

A

Excess of the total expenditure over the total receipts minus interest payments and borrowings

B

Excess of the total expenditure over the total receipts minus borrowings

C

Excess of the revenue expenditure over the revenue receipts

D

Excess of the total expenditure over total receipts

Economics Finance Inspector 2024
Correct Answer: B
Explanation

The correct definition of a budget deficit is:

**Excess of the total expenditure over the total receipts minus borrowings**

This definition highlights that a budget deficit occurs when a government`s total expenditures exceed its total revenues (excluding borrowings) during a specific period, typically a fiscal year.

Correct Answered :

Wrong Answered :

60.

Balance of trade is


A

Difference between export and import of goods

B

Sum total of export and import of goods

C

Difference between export and import of services

D

Sum total of export and import of services

Economics Finance Inspector 2024
Correct Answer: A
Explanation

The balance of trade is the:

**Difference between export and import of goods**

It specifically refers to the difference in value between a country`s exports (goods sold to other countries) and its imports (goods bought from other countries) over a specific period, usually a year.

Correct Answered :

Wrong Answered :

61. The temporary tax levied to obtain additional revenue is called

A

Cess

B

Rate

C

Fee

D

Surcharge

Economics Finance Inspector 2024
Correct Answer: D
Explanation

The temporary tax levied to obtain additional revenue is called a **surcharge**. Surcharges are additional taxes imposed temporarily on top of regular taxes to raise extra revenue for specific purposes or to address short-term financial needs of the government.

Correct Answered :

Wrong Answered :

62. Which of the following is not an error of principle?

A

Purchase of furniture debited to purchases account

B

Repairs on the overhauling of second had machinery purchased debited to repairs account

C

Cash received from Meena posted to Sharin

D

Sale of old car credited to sales account

Economics Finance Inspector 2024
Correct Answer: C
Explanation

The error **Cash received from Meena posted to Sharin** is not an error of principle. This is a clerical or posting error where the wrong account was credited.

Errors of principle involve incorrect classification of expenditure or income, such as:

- **Purchase of furniture debited to purchases account**
- **Repairs on the overhauling of second-hand machinery purchased debited to repairs account**
- **Sale of old car credited to sales account**

Correct Answered :

Wrong Answered :

63. Which of the following is used for checking the arithmetical accuracy of the account books?

A

Ledger

B

Trial Balance

C

Journal

D

All of these

ABK Finance Inspector 2024
Correct Answer: B
Explanation

The **Trial Balance** is used for checking the arithmetical accuracy of the account books. It lists the balances of all ledger accounts and helps ensure that total debits equal total credits, indicating that the books are mathematically accurate.

Correct Answered :

Wrong Answered :

64. When assets are subtracted from liabilities it will be equal to ?

A

Capital

B

Net Income

C

Working Capital

D

Goodwill

ABK Finance Inspector 2024
Correct Answer: A
Explanation

When assets are subtracted from liabilities, it will be equal to **capital** (also referred to as equity or owner`s equity). This represents the residual interest in the assets of the entity after deducting liabilities.

Correct Answered :

Wrong Answered :

65. A current asset that can be transferred into cash within three months is known as :

A

Cash equivalent

B

Intangible asset

C

Operating asset

D

Cash asset

ABK Finance Inspector 2024
Correct Answer: A
Explanation

A current asset that can be converted into cash within three months is known as a **cash equivalent**. Cash equivalents are highly liquid assets that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. Examples include treasury bills, commercial paper, and money market funds.

Correct Answered :

Wrong Answered :

66. In the situation of bankruptcy, a stock which is recorded above common stock and below debt account is

A

Preferred Stock

B

Debt Liabilities

C

Common Liabilities

D

Hybid Stock

Economics Finance Inspector 2024
Correct Answer: A
Explanation

In the situation of bankruptcy, a stock which is recorded above common stock and below debt is **preferred stock**. Preferred stockholders have a higher claim on assets and earnings than common stockholders, but they are subordinate to debt holders.

Correct Answered :

Wrong Answered :

67. What is the amount of capital expenditure (capex) outlay announced by the India government in the union budget 2024-25?

A

Rs. 10.10 Lakh Crore

B

Rs. 11.11 lakh crore

C

Rs. 12.12 lakh crore

D

Rs. 13.45 lakh crore

Economics Finance Inspector 2024
Correct Answer: B
Explanation

In the Union Budget 2024-25, the Indian government announced a capital expenditure (capex) outlay of ₹11.11 lakh crore. This represents an 11.1% increase from the previous year`s budget estimate of ₹10 lakh crore​

Correct Answered :

Wrong Answered :

68. The amount of Subscription received from members by a Non-Profit organisation is shown in which of the following?

A

Debit side of Income and Expenditure Account

B

Credit side of Income and Expenditure Account

C

Liability Side of Balance Sheet

D

Assets side of Balance Sheet

ABK Finance Inspector 2024
Correct Answer: B
Explanation

The amount of subscription received from members by a Non-Profit organization is typically shown on the Credit side of the Income and Expenditure Account. In the context of non-profit organizations, the Income and Expenditure Account functions similarly to an Income Statement in a for-profit organization, where income (such as subscriptions) is listed on the credit side as revenue.

Correct Answered :

Wrong Answered :

69. Amount spent on increasing the seating capacity in a cinema hall is a 

A

Capital expenditure

B

Revenue expenditure

C

Deferred revenue expenditure

D

None of the above

ABK Finance Inspector 2024
Correct Answer: A
Explanation

The amount spent on increasing the seating capacity in a cinema hall would generally be considered a **capital expenditure**.

Here`s why:

Capital expenditures are expenses incurred to acquire, improve, or extend the life of an asset. Increasing the seating capacity in a cinema hall involves significant construction or renovation work, which typically enhances the cinema hall as a long-term asset of the business. These expenditures are not consumed immediately but are expected to provide benefits over multiple accounting periods. Therefore, they are treated as capital expenditures.

In contrast, revenue expenditures are generally incurred for the day-to-day operations of the business to maintain current operations and are expensed in the period they are incurred. Examples of revenue expenditures in the context of a cinema hall might include routine maintenance costs, cleaning expenses, or advertising costs for current showings.

To summarize, the amount spent on increasing the seating capacity in a cinema hall is classified as a **capital expenditure** because it involves improving a long-term asset (the cinema hall) rather than being a day-to-day operating expense.

Correct Answered :

Wrong Answered :

70. Total amount of depreciation of an asset cannot exceed its

A

Depreciable value

B

Scrap value

C

Market value

D

None of these

ABK Finance Inspector 2024
Correct Answer: A
Explanation

The total amount of depreciation of an asset cannot exceed its depreciable value

Correct Answered :

Wrong Answered :

71. In periods of inflation, the impact of change in the method of valuation of inventories from LIFO method a FIFO method will cause:

A

Increase in profit and decrease in the cost of goods sold

B

Decrease in profit and increase in the cost of goods sold

C

Increase in profit and decrease in the value of closing stock

D

Decrease in profit and decrease in the value of closing stock

Economics Finance Inspector 2024
Correct Answer: A
Explanation

n periods of inflation, changing the method of inventory valuation from Last In, First Out (LIFO) to First In, First Out (FIFO) will typically cause:

Increase in profit and decrease in cost of goods sold.

Correct Answered :

Wrong Answered :

72. Due date of a bill exchange drawn on 30th January 2011 for one month will be _____

A

5th March 2011

B

3rd March 2011

C

29th February 2011

D

4th March 2011

Economics Finance Inspector 2024
Correct Answer: B
Explanation

To calculate the due date of a bill of exchange drawn on January 30, 2011, for one month, we follow these steps:

1. **Calculate one month from January 30, 2011.** 
   - One month from January 30 is February 28, 2011, because February only has 28 days in 2011 (not a leap year).

2. **Add the grace period.** 
   - In many financial transactions, a grace period of 3 days is typically added to the due date.

So, adding the 3-day grace period to February 28, 2011, we get:

February 28 + 3 days = March 3, 2011.

Therefore, the due date of the bill of exchange drawn on January 30, 2011, for one month is **March 3, 2011**.

Correct Answered :

Wrong Answered :

73. The overriding purpose of financial accounting is to summarize financial activity in business in the ____

A

Profit and loss statement

B

Balance Sheet

C

Cash Flow Statement

D

All of the Above

ABK Finance Inspector 2024
Correct Answer: D
Explanation

The overriding purpose of financial accounting is to summarize financial activity in business in the **financial statements**.

Financial statements typically include:

1. **Income Statement (Profit and Loss Statement):** Summarizes revenue, expenses, and profits over a specific period.
2. **Balance Sheet:** Provides a snapshot of a company`s assets, liabilities, and shareholders equity at a specific point in time.
3. **Cash Flow Statement:** Shows the inflows and outflows of cash over a period.
4. **Statement of Changes in Equity:** Details changes in the company`s equity over a period.

These statements are used by various stakeholders, including investors, creditors, management, and regulators, to assess the financial health and performance of the business.

Correct Answered :

Wrong Answered :

74. Discounts received are

A

Buyer of goods granted discount by seller

B

Deduction when we receive cash

C

Given by us when we sell goods on credit

D

None of these

ABK Finance Inspector 2024
Correct Answer: A
Explanation

Discounts received are:

**Buyer of goods granted discount by seller**

This means that the buyer of goods receives a reduction in the purchase price from the seller, often for reasons such as early payment or bulk purchasing. This discount is recorded in the buyer`s financial records as a reduction in the cost of purchases or expenses.

Correct Answered :

Wrong Answered :

75. What is an operating cycle?

A

A metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales

B

The time it takes a company to buy goods, sell them and receive cash from the sale of said goods

C

The process of hiring personnel to conduct the daily operations of the business

D

Colective process of identifying, analysing, and recording the accounting events of a company

ABK Finance Inspector 2024
Correct Answer: B
Explanation

An operating cycle, also known as the cash conversion cycle, refers to the period it takes for a business to purchase inventory, sell the inventory, and collect cash from the sale. It essentially measures the efficiency and effectiveness of a company’s operations and management.

The operating cycle can be broken down into three main components:

1. **Inventory Period:** The time it takes for a company to purchase inventory and then sell it. This includes the duration that the inventory is held before it is sold.

2. **Accounts Receivable Period:** The time it takes for the company to collect cash from customers after the sale of inventory. This period starts when the inventory is sold and ends when the payment is received from customers.

3. **Accounts Payable Period:** The time the company takes to pay its suppliers for the inventory purchased. This period starts when the inventory is purchased and ends when the payment is made to suppliers.

The formula to calculate the operating cycle is:

[ ext{Operating Cycle} = ext{Inventory Period} + ext{Accounts Receivable Period} - ext{Accounts Payable Period} ]

A shorter operating cycle indicates that a company is able to quickly turn its inventory into cash, which is generally a sign of efficiency and good management. Conversely, a longer operating cycle may indicate inefficiencies or potential liquidity issues.

Correct Answered :

Wrong Answered :

76. According to the going concern concept, a business entity should assumed to have

A

A very short life

B

An indefinite life

C

A long life

D

None of the above

ABK Finance Inspector 2024
Correct Answer: B
Explanation

According to the going concern concept, a business entity is assumed to have an indefinite or continuous life. This accounting principle implies that the business will continue to operate for the foreseeable future and has no intention or need to liquidate or significantly curtail its operations.

Correct Answered :

Wrong Answered :

77. Which of these item will appear on the credit side in the ledger account?

A

Rent expenses

B

Cash received

C

Received a Discount

D

Purchases

ABK Finance Inspector 2024
Correct Answer: C
Explanation

In a ledger account, the following item will appear on the credit side:

Received a Discount

Correct Answered :

Wrong Answered :

78. Stolen merchandise should be debited to :

A

Sales account

B

Purchases account

C

Loss by theft account

D

No entry

ABK Finance Inspector 2024
Correct Answer: C
Explanation

Stolen merchandise should be debited to:

Loss by theft account

When merchandise is stolen, it represents a loss to the business. According to accounting principles, losses such as theft are typically recorded in a specific account called "Loss by theft" or "Loss on theft of merchandise." This allows the business to track and report such losses separately from other types of expenses or revenues.

Correct Answered :

Wrong Answered :

79. Fill in the blank with the correct pronoun:

He is a famous scientist about _____ many books have been written.


A

whom

B

whose

C

who

D

where

Pronoun Finance Inspector 2024
Correct Answer: A
Explanation

The correct pronoun to fill in the blank is whom:

"He is a famous scientist about whom many books have been written."

In this sentence, "whom" is used because it is the object of the preposition "about," which requires the objective case pronoun.

Correct Answered :

Wrong Answered :

80. Choose the most appropriate option to fill the blanks :

I am displeased _____ you but I am not displeased ______ your fun.


A

with, at

B

at, with

C

with, on

D

with, with

FIB Finance Inspector 2024
Correct Answer: D
Explanation

The most appropriate option to fill the blanks correctly is:

I am displeased with you but I am not displeased with your fun.

So, the correct pair of prepositions is with, with.

Correct Answered :

Wrong Answered :

81. Given below are four jumbled sentences. Out of the given options pick the one that gives the correct order.

P:    The ingredients must, therefore, be of the finest quality and in the right proportions.

Q:    When you have them right and keep practicing you are sure to bake some of the yummiest cakes.

R:    Success in life is just like baking a cake that requires many things.

S:    Firstly, unless you have the right ingredients and recipe it is not going to work.


A

RPQS

B

RSPQ

C

QRSP

D

QPSR

Rearrangement Finance Inspector 2024
Correct Answer: B
Explanation

The correct order of the sentences is:

R, S, P, Q

So, the correct sequence is:

Success in life is just like baking a cake that requires many things. Firstly, unless you have the right ingredients and recipe it is not going to work. The ingredients must, therefore, be of the finest quality and in the right proportions. When you have them right and keep practicing you are sure to bake some of the yummiest cakes.

Correct Answered :

Wrong Answered :

82. Fill in the blank with correct modal verb :

"______ you please open that window?"-she asked politely.


A

Can

B

Could

C

Must

D

Shall

Modal Finance Inspector 2024
Correct Answer: B
Explanation

The correct modal verb to fill in the blank would be could:

"Could you please open that window?" - she asked politely.

In this context, "could" is used to make a polite request.

Correct Answered :

Wrong Answered :

83. Choose the right meaning of the following idiom:

To bite the dust


A

eat voraciously

B

to fail

C

have nothing to eat

D

eat roots.

Idiom Finance Inspector 2024
Correct Answer: B
Explanation

The idiom "to bite the dust" means:

To be defeated or killed.

It is often used metaphorically to describe someone or something that fails or comes to an end, especially in a dramatic or final manner.

Correct Answered :

Wrong Answered :

84. Choose the correct synonym of the given word : Narcissism

A

Unpleasant behaviour

B

Rude behaviour

C

Self admiration

D

Self condemnation

Synonym Finance Inspector 2024
Correct Answer: C
Explanation

The correct synonym of the given word "Narcissism" is:

Self admiration

"Narcissism" refers to excessive self-love or admiration, often to the extent of being egotistical or self-centered. Therefore, "Self admiration" best aligns with this meaning.

Correct Answered :

Wrong Answered :

85. Directions:  Here some part of the sentence has errors and remaining are correct. Find out which part of the given sentence has an error and choose the correct option:

I and my colleague/ have carefully considered the important issues raised by/ the report which you sent me and/ we have decided to take the following action.


A

I and my colleague

B

have carefully considered the important issues raised by

C

the report which you sent me and

D

we have decided to take the following action

Directions Finance Inspector 2024
Correct Answer: A
Explanation

The error in the sentence is in Part A:

"I and my colleague" should be corrected to "My colleague and I".

So, the corrected sentence would be:

"My colleague and I have carefully considered the important issues raised by the report which you sent me and we have decided to take the following action."

Correct Answered :

Wrong Answered :

86. Complete the series 12, 23, 45. 89, _____

A

169

B

177

C

153

D

184

Aptitude Finance Inspector 2024
Correct Answer: B
Explanation

The series appears to be increasing with each term. Let`s identify the pattern:

  • 12 to 23: +11
  • 23 to 45: +22
  • 45 to 89: +44

Each subsequent term is obtained by doubling the difference from the previous term.

So, to find the next term after 89:

  • 89 + 88 = 177

Therefore, the next number in the series is 177.

Correct Answered :

Wrong Answered :

87. Elephant: Herd; Lion: _____

A

Troops

B

Caravan

C

Sloth

D

Pride

Aptitude Finance Inspector 2024
Correct Answer: D
Explanation

The collective noun for a group of lions is Pride.

So, the analogy is:

Elephant : Herd :: Lion : Pride

Correct Answered :

Wrong Answered :

88. How many meaningful English words can be formed by using letters of the word "ELPA"?

A

One

B

Two

C

Three

D

More than three

Permutation Finance Inspector 2024
Correct Answer: D
Explanation

The word "ELPA" consists of 4 letters. Let`s analyze how many meaningful English words can be formed using these letters:

  1. ELPA
  2. LEAP
  3. PALE
  4. PEAL
  5. PLEA

So, there are 5 meaningful English words that can be formed using the letters of the word "ELPA".

Correct Answered :

Wrong Answered :

89. There are eleven members in the family P, Q, R, S, T, U, V, W, X, Y AND Z of three generations. There are 5 males and 6 females. P is the daughter of T and the granddaughter of S. U is the husband of V and the son of R. T and U are brothers. P is the cousin sister of Q and Z. There are three married couples in the family. X is the sister of Y. W has 3 Children and is the daughter in law of S. Then how T is related to Y?

A

Father

B

Grandfather

C

Brother

D

Sister

Aptitude Finance Inspector 2024
Correct Answer: A
Explanation

Based on the given relationships:

1. P is the daughter of T.
2. T and U are brothers.
3. X is the sister of Y.

From these points, we can infer that T is the father of Y.

Correct Answered :

Wrong Answered :

90. if x means /, / means +, + means -, - means x. Then 8/5+1-4x2?

A

7

B

9

C

11

D

13

Aptitude Finance Inspector 2024
Correct Answer: B
Explanation

9

Correct Answered :

Wrong Answered :

91. Two cars with speeds of 20 km/h and 16 km/h travel in opposite directions toward each-other. They meet each other after 60 minutes. Find the initial distance between the starting points of two cars.

A

54 Km

B

36 Km

C

32 Km

D

40 Km

Aptitude Finance Inspector 2024
Correct Answer: B
Explanation

Given:

  • Speed of the first car = 20 km/h
  • Speed of the second car = 16 km/h
  • They meet after 60 minutes (1 hour)

First, convert the time into hours:

  • Time = 60 minutes = 60/60 = 1 hour

Now, calculate the combined distance covered by both cars when they meet:

  • Combined speed = 20 km/h + 16 km/h = 36 km/h

  • Distance = Combined speed × Time

  • Distance = 36 km/h × 1 hour

  • Distance = 36 km

Therefore, the initial distance between the starting points of the two cars was 36 kilometers.

Correct Answered :

Wrong Answered :

92. Complete the Series BRP, CTO, DVN, _____

A

EYQ

B

EUP

C

EXM

D

EXQ

Aptitude Finance Inspector 2024
Correct Answer: C
Explanation

  • B (2), R (18), P (16)
  • C (3), T (20), O (15)
  • D (4), V (22), N (14)

Each letter in the series seems to be increasing by a specific number of positions in the alphabet:

  • B → C (increase by 1), R → T (increase by 2), P → O (decrease by 1)
  • C → D (increase by 1), T → V (increase by 2), O → N (decrease by 1)

Following this pattern, the next set should be:

  • E (5), X (24), M (13)

Therefore, the next term in the series after "DVN" would be EXM.

Correct Answered :

Wrong Answered :

93. Three of the following four words are alike in a certain way and one is different .

Pick the odd one out.


A

Frog

B

Toad

C

Salamander

D

Salmon

Aptitude Finance Inspector 2024
Correct Answer: D
Explanation

The odd one out in this group is Salmon.

  • Frog, Toad, and Salamander are all amphibians.
  • Salmon, on the other hand, is a fish.

Correct Answered :

Wrong Answered :

94. In the given four numbers out of which three are like in some manner while one is different. Find odd one out.

A

2197

B

5832

C

3584

D

6859

Aptitude Finance Inspector 2024
Correct Answer: C
Explanation

6859:

  • This number is 6859=8326859 = 83^2. It is a perfect square.

3584:

  • This number doesn`t immediately show a simple pattern.

5832:

  • This number is 5832=1835832 = 18^3 It is a perfect cube.

2197:

  • This number is 2197=1332197 = 13^3 It is also a perfect cube.

Based on this analysis:

  • 6859 is a perfect square.
  • 5832 and 2197 are perfect cubes.

Therefore, the odd one out among these numbers is 3584, as it does not fit the pattern of being a perfect square or a perfect cube.

Correct Answered :

Wrong Answered :

95. Which of the following is the world`s first supercomputer?

A

Fugaku

B

PARAM

C

CRAY-I

D

IBM-370

Computer Finance Inspector 2024
Correct Answer: C
Explanation

The CRAY-I, developed by Cray Research, Inc., was introduced in 1976 and is widely recognized as the first supercomputer. It was designed by Seymour Cray and marked a significant advancement in computing power and speed during its time.

Correct Answered :

Wrong Answered :

96. Which of the following is not a programming language?

A

Java

B

HTML

C

Python

D

SQL

Computer Finance Inspector 2024
Correct Answer: B
Explanation

HTML is not a programming language.

  • SQL (Structured Query Language) is a domain-specific language used for managing and manipulating databases.
  • Python is a high-level programming language known for its simplicity and readability, used for various purposes including web development, data analysis, and artificial intelligence.
  • Java is a widely used programming language known for its portability and versatility, used in building applications ranging from mobile apps to enterprise systems.

HTML (Hypertext Markup Language) is a markup language used for creating and structuring web pages, but it is not considered a programming language as it does not have the ability to perform computations or algorithms.

Correct Answered :

Wrong Answered :

97. Which of the following sections of the CPU is responsible for performing mathematical operations?

A

Control Unit

B

Arithmetic Logic Unit

C

Memory

D

Register Unit

Computer Finance Inspector 2024
Correct Answer: B
Explanation

The section of the CPU responsible for performing mathematical operations is the **Arithmetic Logic Unit (ALU)**.

The ALU is a fundamental component of the CPU that executes arithmetic (addition, subtraction, multiplication, division) and logical (AND, OR, NOT) operations on data. It works in conjunction with the CPU`s control unit to process instructions and manipulate data according to the program`s requirements.

Correct Answered :

Wrong Answered :

98. Which technology is particularly used in barcode wand reader and barcode slot reader?

A

Pen type reader

B

Laser Scanner

C

Camera based reader

D

QR code scanner

Computer Finance Inspector 2024
Correct Answer: B
Explanation

The technology particularly used in barcode wand readers and barcode slot readers is Laser Scanner.

Laser scanners are commonly used in barcode wands (also known as barcode wands or barcode wands) and slot readers. These scanners use a laser beam to read the barcode by detecting the reflected light from the barcode lines. This method allows for accurate and rapid scanning of barcodes, making it suitable for various applications in retail, logistics, and other industries where barcodes are used extensively

Correct Answered :

Wrong Answered :

99. Which one of the following is not a real-time operating system?

A

QNX

B

VxWorks

C

RTLinux

D

Palm OS

Operating System Finance Inspector 2024
Correct Answer: D
Explanation

Palm OS is not a real-time operating system.

  • RTLinux, VxWorks, and QNX are all examples of real-time operating systems (RTOS):
    • RTLinux is a real-time Linux operating system.
    • VxWorks is a real-time operating system developed by Wind River Systems.
    • QNX is a real-time operating system primarily used in embedded systems.

Palm OS, on the other hand, was an operating system developed by Palm, Inc., primarily for personal digital assistants (PDAs) and later smartphones. It was not designed as a real-time operating system.

Correct Answered :

Wrong Answered :

100. Keyboard shortcut to view the Slide Show

A

F5

B

Ctrl + S

C

S

D

F9

Keyboard Shortcut Finance Inspector 2024
Correct Answer: A
Explanation

To view the Slide Show in Microsoft PowerPoint, you can use the following keyboard shortcuts:

  • F5: Start the Slide Show from the beginning.
  • Shift + F5: Start the Slide Show from the current slide.

These shortcuts work in most versions of Microsoft PowerPoint across different operating systems (Windows and macOS).

Correct Answered :

Wrong Answered :

101. In PowerPoint, the objects on the slide to hold the text are called as

A

Text holders

B

Placehoders

C

Textbox

D

Auto Layouts

MS Office Finance Inspector 2024
Correct Answer: C
Explanation

In PowerPoint, the objects on the slide that hold text are called text boxes. Text boxes are used to contain and display text within a slide. They can be resized, moved, formatted, and styled according to the design and layout requirements of the presentation.

Correct Answered :

Wrong Answered :

102. The keyboard shortcut to switch between displaying Excel formulas or their values in a cell 

A

Ctrl + Shift + #

B

Ctrl + Shift + @

C

Ctrl + Shift + ~

D

Ctrl + Shift + &

Keyboard Shortcut Finance Inspector 2024
Correct Answer: C
Explanation

The keyboard shortcut to switch between displaying Excel formulas or their values in a cell is:

Ctrl + ` (backtick or grave accent)

This shortcut toggles between displaying the formula in the cell and displaying the resulting value of the formula in Microsoft Excel.

Correct Answered :

Wrong Answered :

103. The processor of dividing the disk into tracks and sectors is known as

A

Formatting

B

Tracking

C

Crashing

D

Allotting

Computer Finance Inspector 2024
Correct Answer: A
Explanation

The process of dividing a disk into tracks and sectors is known as formatting.

Formatting involves preparing a storage medium, such as a hard disk or a floppy disk, for reading and writing data by dividing it into specific tracks (concentric circles) and sectors (pie-shaped divisions within each track). This division allows the operating system and file system to organize and access data efficiently on the disk.

Correct Answered :

Wrong Answered :

104. What is the full form of the term URL?

A

Unique Resource Locator

B

Uniform Resource Locator

C

Unique Record Locator

D

Uninterrupted Recovery Locator

Computer Finance Inspector 2024
Correct Answer: B
Explanation

The full form of URL is Uniform Resource Locator.

A URL is a reference or address used to locate resources on the internet. It specifies the protocol used to access the resource (such as HTTP, HTTPS, FTP), the domain name or IP address where the resource is located, and the specific location or path within the server where the resource resides.

Correct Answered :

Wrong Answered :

105. Which of the following devices is used to transmit data over the telecommunication lines?

A

CPU

B

Modem

C

i-HUB

D

Data buses

Computer Finance Inspector 2024
Correct Answer: B
Explanation

The device used to transmit data over telecommunication lines is a modem (modulator-demodulator).

A modem converts digital data from a computer or other digital device into analog signals suitable for transmission over telephone lines (or other communication channels), and it also converts incoming analog signals back into digital data that the receiving device can understand. Modems are essential for enabling communication between computers and networks over telephone lines or other wired communication channels.

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Wrong Answered :

106. The term BCC in email stands for

A

Block Content Creation

B

Behind Content Copy

C

Blind Carbon Copy

D

Block Carbon Copy

Email Finance Inspector 2024
Correct Answer: C
Explanation

In email terminology, BCC stands for Blind Carbon Copy.

When you send an email with recipients listed in the BCC field, those recipients receive a copy of the email, but their email addresses are not visible to other recipients. This helps maintain the privacy of the recipients email addresses.

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