part 14

53. The powers of the Board of Directors to borrow from the bank are mentioned in

a)   Article of Association

b)   Memorandum of Association

c)    Special Resolution

d)   A & B

e)   None of these

Ans: (b)

54. The currency Euro has been introduced w.e.f.

a)   01.01.99

b)   01.01.2000

c)    01.08.99

d)   01.03.99

e)   None of these

Ans: (a)

55. Who is authorized to permit premature closer of PPF A/c

a)   RBI

b)   Ministry of finance Department of Economic affairs

c)    Chairman of concerning Bank

d)   None of these

Ans: (b)

56. What is USGAAP?

a) United States Generally Accepted Accounting Principles

b) Union State Generous Agreement & Accounting Principles

 c) United State General Allies & Army Practices

 d)   Union State Generous Accounts & Affairs and Practices

 Ans: (a)