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Objective Questions

Latest Bank of India SO Finance Exam Question (Objective Questions), MCQ in English

Subjects : English Language, Professional Knowledge

Question Bank Bank of India SO (Finance / Accounts / Taxation) Exam - English
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English Language

Question 1Single Answer
I go to Madurai by —– Vaigai Express
  1. A
    a
  2. B
    an
  3. C
    some
  4. D
    the
Question 2Single Answer
Have the car stolen!
  1. A
    Steal the car
  2. B
    You should have the stolen car
  3. C
    Get someone to steal the car
  4. D
    They have stolen the car
Question 3Single Answer
The payment was collected by the hardworking salesman.
  1. A
    The hardworking salesman collected the payment.
  2. B
    the salesman who worked heard was able to collect the payment.
  3. C
    to collect the payment the salesman had to work hard.
  4. D
    The hardworking salesman was able to collect the payment.
Question 4Single Answer
I had to stop all my work to complete this project.
  1. A
    All other work had to be stopped to complete this project by me
  2. B
    For completing this project all other work must be stopped
  3. C
    For completing this project I had to stop all my work
  4. D
    To complete this project all other work had been stopped by me
Question 5Single Answer
They have published the names of all the successful candidates.
  1. A
    The candidates who have succeeded their names they had published.
  2. B
    The names of all the successful candidates have been published by them
  3. C
    The candidates who have succeeded their names have been published by them.
  4. D
    The names of all the successful candidate were published by them. 
Question 6Single Answer
The online shopping site lowered the prices.
  1. A
    Lowering of the prices was done by the online shopping site
  2. B
    The prices were lowered by the online shopping site
  3. C
    The prices had been lowered by the online shopping site
  4. D
    The prices have been lowered by the online shopping site
Question 7Single Answer
Who taught you to drive a truck ?
  1. A
    To drive a truck by whom were you taught?
  2. B
    Driving a truck by who were you taught?
  3. C
    Driving a truck by who were you being taught?
  4. D
    By whom were you taught to drive a truck?
Question 8Single Answer
We shall invite Suresh.
  1. A
    Suresh would be invited by us
  2. B
    Suresh would have been invited by us
  3. C
    Suresh will be invited by us
  4. D
    Suresh will have been invited by us
Question 9Single Answer
Dark clouds have overcast the evening sky.
  1. A
    By the dark clouds the evening sky was overcast.
  2. B
    The evening sky has been overcast by the dark clouds.
  3. C
    Dark clouds overcastted the evening sky.
  4. D
    The sky of the evening was overcasted by dark clouds.
Question 10Single Answer
The partners will celebrate their triumph tomorrow. 
  1. A
    The triumph would be celebrated by the partners a day before
  2. B
    The triumph would be celebrated by the partners a day after
  3. C
    The triumph would have been celebrated by the partners a day after
  4. D
    The triumph will have been celebrated by the partners tomorrow
Question 11Single Answer
Why did break the vase?
  1. A
    why is the vase broken by him
  2. B
    why was the vase broken by him
  3. C
    why had been the vase broken by him
  4. D
    why has been the vase broken by him
Question 12Single Answer
Mariam was writing a note to her boss.
  1. A
    A note was written to her boss by Mariam
  2. B
    A note was wrote by Mariam to her boss
  3. C
    A note was being written by Mariam to her boss
  4. D
    A note was written by Mariam to her boss
Question 13Single Answer
The baby really enjoys that music.
  1. A
    That music was really enjoyed by the baby.
  2. B
    That music was really being enjoyed by the baby.
  3. C
    That music is really enjoyed by the baby.
  4. D
    This music was really enjoyed by the baby.
Question 14Single Answer
The weather disrupted the final match.
  1. A
    The final match has been disrupted by the weather.
  2. B
    The final match had been disrupted by the weather.
  3. C
    The final match was disrupted by the weather. 
  4. D
    The final match was being disrupted by the weather.
Question 15Single Answer
The management committee is required to publish a report every year. 
  1. A
    report would be published by the management committee every year.
  2. B
    A report would have been published by the management committee every year.
  3. C
    A report requires to be published by the management committee every year.
  4. D
    Every year the report would be published by the management committee.
Question 16Single Answer
Passage :
Direction :  Question below has two blanks, each blank indicting that some thing has been omitted. Choose the word for each blank which best fits the meaning of the sentence as a whole.
The Finance Department has ……………a centralized online databank system for all statutory government bodies to …………an eye on their assets and liabilities.
  1. A
     presented , stay
  2. B
    introduced , keep
  3. C
    announce , make
  4. D
    created , let
  5. E
    proclaimed , hold
Question 17Single Answer
Passage :
Direction : The five items in this section consists of a word or group of words followed by four words as (a), (b), (c) and (d). Select the word which is nearly opposite to the meaning of the original word or group of words and mark your response as (a), (b), (c) and (d), as the case may be, in your Answer Sheet.
Assets
  1. A
    liabilities
  2. B
    responsibilities
  3. C
    estates
  4. D
    profits
Question 18Single Answer
Passage :
Direction : In the question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Affidavit
  1. A
     Affirmation
  2. B
    Slander
  3. C
    Oath
  4. D
    Testimony
Question 19Single Answer
Passage :
Direction: In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Hollow
  1. A
    Alveolate
  2. B
    Cleft
  3. C
     Cavernous
  4. D
    Solid
Question 20Single Answer
Passage :
Directions: In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Cosset 
  1. A
    Ignoreb
  2. B
    Close
  3. C
    Caress
  4. D
    Fondle
Question 21Single Answer
Passage :
Directions: In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Ogle
  1. A
    Leer
  2. B
    Gaze
  3. C
    Ignore
  4. D
    Gawk
Question 22Single Answer
Passage :
Directions:In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Intrinsic
  1. A
    Elemental
  2. B
    Innate
  3. C
    Connate
  4. D
    Acquired
Question 23Single Answer
Passage :
Direction : In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Coalesce
  1. A
    Separate
  2. B
    Adhere
  3. C
    Cleave
  4. D
    Amalgamate
Question 24Single Answer
Passage :
Directions: In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Loiter
  1. A
    lag 
  2. B
    Hasten
  3. C
    Amble
  4. D
    Loii
Question 25Single Answer
Passage :
Direction : Question below has two blanks, blank indicating that something has been omitted. Choose the set of words for blank which best fits the meaning of the sentence as a whole.
The protests were......... at ......... awareness among the elite and the educated.
  1. A
    held, generating
  2. B
    aimed, creating
  3. C
    targeted, awakening
  4. D
    focused, building
  5. E
    concentrated, producing

Professional Knowledge

Question 26Single Answer
The basic principle of accounting that revenue and expenses are recorded in the period in which they occur is?
  1. A
    Cash Basis
  2. B
    Prudence Principle
  3. C
    Matching Principle
  4. D
    Accrual Basis
Question 27Single Answer
Which accounting concept ensures that financial statements are prepared assuming the business will continue indefinitely?
  1. A
    Materiality
  2. B
    Consistency
  3. C
    Prudence
  4. D
    Going Concern
Question 28Single Answer
The principle which states that the same accounting methods should be applied from period to period is?
  1. A
    Matching Principle
  2. B
    Conservatism Principle
  3. C
    Consistency Principle
  4. D
    Accrual Principle
Question 29Single Answer
Which principle states that expenses should be recognized in the same period as the related revenues?
  1. A
    Accrual Principle
  2. B
    Prudence Principle
  3. C
    Matching Principle
  4. D
    Materiality Principle
Question 30Single Answer
The principle which ensures that accounting information is free from bias is?
  1. A
    Objectivity
  2. B
    Reliability
  3. C
    Relevance
  4. D
    Consistency
Question 31Single Answer
GAAP stands for?
  1. A
    Government Accounting and Audit Principles
  2. B
    General Accounting and Audit Procedures
  3. C
    General Accepted Audit Practices
  4. D
    Generally Accepted Accounting Principles
Question 32Single Answer
The concept which requires that revenue and expenses be reported separately is?
  1. A
    Accrual Concept
  2. B
    Revenue Recognition Principle
  3. C
    Matching Principle
  4. D
    Dual Aspect Concept
Question 33Single Answer
The principle that states assets and liabilities should be recorded at their purchase price is?
  1. A
    Historical Cost Principle
  2. B
    Fair Value Principle
  3. C
    Revaluation Principle
  4. D
    Prudence Principle
Question 34Single Answer
Which concept allows minor omissions in accounting if they do not affect the decision-making?
  1. A
    Consistency Concept
  2. B
    Materiality Concept
  3. C
    Prudence Concept
  4. D
    Accrual Concept
Question 35Single Answer
Prudence concept in accounting emphasizes?
  1. A
    Overstating profits
  2. B
    Understating profits and overstating liabilities
  3. C
    Ignoring contingent liabilities
  4. D
    None of the above
Question 36Single Answer
The accounting concept that treats the business as separate from its owners is?
  1. A
    Entity Concept
  2. B
    Going Concern Concept
  3. C
    Accrual Concept
  4. D
    Dual Aspect Concept
Question 37Single Answer
The principle that revenue should be recognized when earned and not when received is?
  1. A
    Accrual Basis
  2. B
    Cash Basis
  3. C
    Prudence
  4. D
    Materiality
Question 38Single Answer
Which principle is applied when accountants choose the method that is least likely to overstate assets or income?
  1. A
    Consistency
  2. B
    Prudence
  3. C
    Matching
  4. D
    Materiality
Question 39Single Answer
Dual Aspect Concept is the basis for which system of accounting?
  1. A
    Single Entry System
  2. B
    Cash Basis
  3. C
    Double Entry System
  4. D
    Accrual Basis
Question 40Single Answer
Historical cost accounting is justified under which principle?
  1. A
    Objectivity
  2. B
    Cost Principle
  3. C
    Prudence
  4. D
    Matching Principle
Question 41Single Answer
The principle which ensures that all financial statements are comparable across periods is?
  1. A
    Materiality Principle
  2. B
    Reliability Principle
  3. C
    Relevance Principle
  4. D
    Consistency Principle
Question 42Single Answer
Accounting information should be capable of making a difference in decision making. This is?
  1. A
    Reliability
  2. B
    Relevance
  3. C
    Consistency
  4. D
    Prudence
Question 43Single Answer
The principle that requires recognition of revenue when it is realized or realizable and earned is?
  1. A
    Matching Principle
  2. B
    Accrual Principle
  3. C
    Revenue Recognition Principle
  4. D
    Prudence Principle
Question 44Single Answer
The principle that emphasizes caution in reporting assets and income is?
  1. A
    Matching Principle
  2. B
    Prudence Principle
  3. C
    Consistency Principle
  4. D
    Materiality Principle
Question 45Single Answer
The accounting assumption that business records are maintained assuming a stable currency unit is?
  1. A
    Going Concern Concept
  2. B
    Accrual Concept
  3. C
    Money Measurement Concept
  4. D
    Cost Concept
Question 46Single Answer
The double entry system of accounting is based on which concept?
  1. A
    Matching Concept
  2. B
    Prudence Concept
  3. C
    Dual Aspect Concept
  4. D
    Consistency Concept
Question 47Single Answer
In double entry accounting, every transaction affects?
  1. A
    At least two accounts
  2. B
    Only liabilities
  3. C
    Only assets
  4. D
    Only revenue
Question 48Single Answer
The account which shows the sources of funds and uses of funds is called?
  1. A
    Ledger
  2. B
    Trial Balance
  3. C
    Journal
  4. D
    None of the above
Question 49Single Answer
Which of the following is true about double entry system?
  1. A
    Each transaction has only one effect
  2. B
    Only revenue transactions are recorded
  3. C
    Only cash transactions are recorded
  4. D
    Each transaction has at least two effects
Question 50Single Answer
The accounting equation under double entry system is?
  1. A
    Assets = Capital
  2. B
    Assets = Liabilities + Capital
  3. C
    Assets = Liabilities = Capital
  4. D
    Capital = Assets = Liabilities
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