Important Viva Questions and answers

1. Which Bank account pays little or no interest?
= Current Account.
2. current Account is also known as?
= Cheque Account.
3. What is devaluation?
= Devaluation is a reduction in the value of the currency with respect to other monetary units.
4. Le or L/C stand for?
=- letter of Credit.
5. Letter of Credit is issued by?
= Importer's bank.
6. L/C is a banking instrument used for ?"
= Export-Import.
7. Devaluation is used by a country to --
= Accelerate own export.
8. MOU stands for?
= Memorandum for Understanding.
9. MoU is a legal document agreement describing?
= A bilateral or multilateral agreement.
10. What is Dividend'?
= Dividends are payments made by a company to its shareholders.
11. EVA stands for?
= Economic Value Added.
12. What is EVA?
= EVA is the difference between a company's profit and the cost of its capital.
13. NOPAT stands for?
= Net Operating Profit After Taxes.
14. The smallest component of the money supply is?
= Currency.
15. What is the most essential function of money?
= Exchange.
16. The Capital Market is the financial market?
= Long-term funding.
17. capital Market is supplied by?
= Bonds and equity.
18. T-bills means?
= Treasury bills.
19. Treasury bills mature in?
= One year or less.
20. Who can buy treasury bills?
Commercial Bank.
21. What is 'Call Money?
= call money is the money for which repayment can be demanded without notice.
22. The number of workers who are available for work is called?
= Labor market.
23. E-commerce stands for?
= Electronic commerce.
24. EDI stands for?
= Electronic Data interchange .l
25. MNC stands for?
Multi-National Corporation.
26. MFN stands for?
= Most favored Nation.
27. What is MFN?
= MFN is a country that has the best trade terms.
28. The central authority for tax administration in Bangladesh is
= The National Board of Revenue (NBR )
29. ATM stands for?
= Automated Teller Machine.
30. PIN stands for?
= personal Identification Number.
31. The ATm was invented by?
= Scot Jhon Shepherd -Barron.
32. What is 'Exchange Rate?
= The price of a country's money is the relation to another country's money.
33. MRP stands for?
= Manufacturer's Recommended price / Maximum Retail price.
34. IPO is the term used in?
Stock market.
35. IPO stands for?
= Initial public offering.
36. What is IPO?
= IPO is the first sale of stock by a private company to the public.
37. EFT stands for?
Electronic Funds Transfer.
38. A system of small loans to the impoverished without requiring collateral is known as?
= Micro-credit.
39. The economy of a whole area or a country is called ?"
= Macroeconomy.
40. AGM stands for?
= Annual General Meeting.
41. AIM stands for?
= Alternative Investment Market.
42. What is nationalization?
= the taking over of private industry by the state.
43. MFA stands for?
= Multi-Fibre Arrangement.
44. MFA goes against the
= WTO rules.
45. The direct exchange of goods or services is known as
= Barter.
46. LAFTA stands for?
= Latin American Free Trade Association.
47. HSBC stands for?
= The Hongkong and Shanghai Banking Corporation, based in Hong Kong .,
48. NNP stands for?
= Net National Product.
49. What is NNP?
= NNP is a figure showing the gross national product less investment on capital goods and depreciation.
50. NIEO stands for?
=New International Economic Order.
51. what is Matrix?
= Matrix is the arrangement of data in horizontal and vertical columns.
52. What is 'Tax?
= A tax is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state.
53. The tax has four main purposes or effects:
= Redistribution, repricing, representation and revenue.
54. the main purpose of taxation is?
= Revenue.
55. what kind of tax income tax?
= Direct tax.
56. VAT also is known as?
= Goods and Services Tax.
57. Who is the banker of the Government of Bangladesh?
= Bangladesh bank.
58. The head of Bangladesh Bank is?
=Governor.
59. The Governor of Bangladesh Bank is?
= Mr.Fazle Kabir ( 11th)
60. Bangladesh Bank took effect on?
=16 December 1971.
61. Bangladesh bank came into existence under?
= The Bangladesh Bank Order 1972.
62. Which bank was transferred to Bangladesh Bank?
= State Bank of Pakistan.
63. Who was the first Governor of Bangladesh Bank?
= ANM Hamidullah.
64. who controls Bangladesh?
= Ministry of Finance.
65. Which Ministry controls the banking sector in Bangladesh?
= Ministry of Finance.
66. One and Two taka note issued by?
= the secretary of Finance.
67. Minimum taxable income in Bangladesh is ?
= 250000 taka.
68. ICB stands for?
= Investment Corporation of Bangladesh.
69. ICB was established?
= On 1 October 1976.
70. BSRS stands for?
= Bangladesh Shilpa Rin Sangstha ( Established on 31 October 1972 ) But now has not existed.
71. BIBM stands for?
= Bangladesh Institute of Bank Management.
72. What kind of institute BIBM is?
= BIBM is a specialized training, research and advanced study center in banking and finance in Bangladesh.
73. BIBM was established on?
= 31 December 1974 ( in Dhaka )