Friday, February 8, 2013

February GK Daily Updated Quiz: 8 Feb 2013 GK

1. The Institute of Chartered Accountants of India (ICAI) is a national professional accounting body of India. When was it established?
[Category: CA GK]
[A] 1947
[B] 1948
[C] 1949
[D] 1959

2. In order to be qualified to be elected as Vice President of India, a person must have completed more than _____ years of age.
[Category: India Civics GK]
[A] 18
[B] 21
[C] 25
[D] 35

3. Who was the author of the Akbarnama, the official history of Akbar's reign?
[Category: History GK]
[A] Abdul Rahim Khan-I-Khana
[B] Abul Fazal
[C] Fakir Aziao-Din
[D] Faizi

4. Which bank in India is sometimes referred as NH-4 Bank because of majority of its business comes from the cities around National Highway 4?
[Category: Banking GK]
[A] Ratnakar Bank
[B] Dhanlaxmi Bank
[C] United Western Bank
[D] City Union Bank

5. GAAP are terms used to prepare, present and report financial statements for a wide variety of entities, including publicly traded and privately held companies, non-profit organizations, and government authorities in USA. Even the foreign companies operating in USA has to follow GAAP accounting principles to operate in USA. What is GAAP?
[Category: Financial GK]
[A] General Accounting Accredition Principles
[B] Generalized American Accounting Principles
[C] Government Accepted Accounting Principles
[D] Generally Accepted Accounting Principles

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