Call money market deals in loans for a maximum period of: MCQ with Answer and Explanation

Question
Call money market deals in loans for a maximum period of:
A. 5 years
B. 1 day to 14 days
C. 24 hours only
D. 1 year
Answer: Option B
Solution (By JKSSB Mock Tests)
Call money refers to overnight loans, while notice money covers loans from 2 to 14 days, generally used for inter-bank transactions.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
The 'Indian Audit and Accounts Department' works under:
A. Comptroller and Auditor General
B. RBI
C. Ministry of Finance
D. Planning Commission
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
The IA&AD is headed by the CAG.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'TCS' collected by e-commerce operator is to be deposited by:
A. 10th of the month following the month of collection
B. Quarterly
C. 10th of next month
D. Monthly
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
TCS is to be remitted within 10 days after the end of the month of collection.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
Which of the following is an example of a capital receipt?
A. Loan received from bank
B. Rent received
C. Sale of old newspapers
D. Commission received
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Loan is a capital receipt as it creates a liability. Others are revenue receipts.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: