SEBI Phase I Paper 2 Memory Based Questions

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Phase-I - Paper-2
Memory-Based Questions
From SEBI Gr. A 2020 Exam
For SEBI Grade A Exam

SEBI Gr. A Paper-2 Memory-Based-Paper Free SEBI e-book
Memory-Based Paper
For SEBI Gr. A 2020 – Phase-I – Paper-2
Q. 1. Computer-related offence is called _____
(1) Cyber Crime

(2) Trolling
(3) Hacking
(4) Cyber Fraud
(5) Geek
Answer Key: 1
Q. 2. Which of the following is not a negotiable instrument?
(1) Certificate of deposit

(2) Promissory note
(3) None of the given options
(4) Currency note
(5) Personal cheques
Answer Key: 4
Q. 3. What is the reason for the decline in the child sex ratio in India?
(1) Urbanization
(2) Migration
(3) Illiteracy
(4) Female Foeticide
(5) Poverty
Answer Key: 4
Q. 4. At which of the following places BSE is situated?
(1) Connaught Place Delhi

(2) Dalal street Mumbai
(3) Bandra-Kurla Complex Mumbai
(4) Perry Cross Road Bangalore
(5) Colaba Market Mumbai
Answer Key: 2
Q. 5. What does the term CPM stand for in project management?
(1) Chief project manager

(2) Critical path modification
(3) Cost profit management
(4) Critical path method
(5) Critical performance management
Answer Key: 4
Q. 6. ________ is the lender of last resort.
(1) Government of India

(2) Reserve Bank of India
(3) Ministry of Finance
(4) State Bank of India
(5) Parliament
Answer Key: 2
Q. 7. What is the name of the market where traders trade in precious metals like gold and
silver?
(1) Commodity market

(2) Equity market
(3) Bullion market
(4) Derivative market
(5) None of the above
Answer Key: 3
Q. 8. While calculating income from house property municipal taxes are deductible on a ___
basis.
(1) Daily
(2) Payment
(3) Salary
(4) Annual
(5) Area
Answer Key: 2
Q. 9. If there is no consideration, then the agreement is ____.
(1) Valid
(2) Invalid
(3) Void
(4) Open
(5) Closed
Answer Key: 3
Q. 10. On its incorporation, a company is allotted ___ by CRC.
(1) TIN
(2) TAN
(3) PLC
(4) CIN
(5) LLP
Answer Key: 4
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Q. 11. Process to start and restart the computer is _____.
(1) Duping
(2) Padding
(3) Processing
(4) Booting
(5) Cascading
Answer Key: 4
Q. 12. The working and operating of NBFCs are regulated by
(1) SEBI
(2) RBI
(3) Government of India
(4) SIDBI
(5) IRDAI
Answer Key: 2
Q. 13. In case of liquidation of a company, which of the following is repayable last?
(1) Debenture
(2) Salaries of Employees
(3) Taxes to Government
(4) Equity Shares
(5) Payments to Creditors
Answer Key: 4
Q. 14. Which of the Factors should remain constant while considering the law of demand?
(1) No change in price related to other goods.

(2) No change in income level of a consumer.
(3) No change in taste and preferences of a consumer.
(4) No new substitute for the commodity.
(5) All of the above
Answer Key: 5
Q. 15. What does ‘DT’ stand for in DTAA as used in international trade?
(1) Direct Tax

(2) Direct Taxation
(3) Double Tax
(4) Doubtful Tax
(5) Double Taxation
Answer Key: 3
Q. 16. How many schedules are there in companies ACT 2013?
(1) 2
(2) 5
(3) 4
(4) 7
(5) 3
Answer Key: 4
Q. 17. Agriculture forms part of ____ lists in the constitution of India.
(1) Concurrent list

(2) Union list

(3) State list
(4) Both 2 and 3
Answer Key: 3
Q. 18. Absence of partnership deeds, partners share profit and losses _____.
(1) Ratio of the amount invested by partners

(2) According to the court’s decision
(3) According to the decision of the Board of Directors
(4) Equally
Answer Key: 4
Q. 19. Which of the following are debenture holders entitled to?
(1) Profit Sharing

(2) Ownership of Company
(3) Voting Rights in Company
(4) Dividend Payments
(5) Interest at a fixed rate
Answer Key: 5
Q. 20. Which company is promoted by Narayan Murthy?
(1) TCS
(2) Wipro
(3) HCL
(4) Infosys
(5) Accenture
Answer Key: 4
Q. 21. _____language is used to create Webpages.
(1) C
(2) C++
(3) JAVA
(4) Python
(5) HTML
Answer Key: 5
Q. 22. ______ is the campaign by the government of India to generate awareness and
improve the efficiency of welfare services intended for girls.
(1) Roshni
(2) Sukanya Samriddhi Yojna
(3) Balika Saridhhi Yojna
(4) Beti bachaao, Beti padhaao
(5) Ladli Scheme
Answer Key: 4
Q. 23. ITNS 281 is used to pay
(1) Income Tax

(2) Indirect Tax
(3) GST
(4) TDS
(5) Both Indirect and Direct Tax
Answer Key: 4
Q. 24. Interest payable on debentures is
(1) Charge against profit

(2) Charge against the sale
(3) Charge against revenue
(4) Charge against capital
(5) Charge against assets
Answer Key: 1
Q. 25. Statistical study population is called
(1) Demography
(2) Demographic Dividend
(3) Human Geography

(4) Census
Answer Key: 1
Q. 26. Partners current account is opened when their capital account is ____.
(1) Fixed
(2) Fluctuating
(3) There is no need to open the capital account of a partner
(4) Frozen
Answer Key: 1
Q. 27. In order to improve the performance of a process, the most relevant factor is
(1) Control and feedback

(2) Output
(3) Input
(4) Both 1 and 3
(5) Both 1 and 2
Answer Key: 1
Q. 28. Rent for 11 months has been recorded in a journal while outstanding rent for the
12th month is not recorded. Which error is this?
(1) Error of Omission

(2) Error of Commission
(3) Error of Principle
(4) Error of Duplication
(5) Error of Entry Reversal
Answer Key: 1
Q. 29. GST number is issued based on
(1) TAN
(2) PAN
(3) TIN
(4) Aadhar number
Answer Key: 2
Q. 30. Debit what comes in, credit what goes ___
(1) Out
(2) Nowhere
(3) Above
(4) Double
Answer Key: 1
Q. 31. Which animal is used in the logo of Make in India?
(1) Tiger
(2) Lion
(3) Elephant
(4) Rhino
(5) Cow
Answer Key: 2
Q. 32. GST is applied to
(1) All states and Union Territories except Jammu and Kashmir
(2) All States only
(3) All States and Union Territories except Ladakh
(4) All States and Union Territories except Goa
(5) All States and Union Territories
Answer Key: 5
Q. 33. NAV in mutual funds stands for
(1) Nominal Asset Value

(2) Nominal Asset Valuation

(3) Net Actual Value
(4) Net Asset Value
(5) Net Asset Valuation
Answer Key: 4
Q. 34. Current ratio is a kind of?
(1) Solvency Ratio

(2) Liquidity Ratio
(3) Profit Margin
(4) Debt to Equity Ratio
Answer Key: 2
Q. 35. A company recorded a contribution of Rs. 40000 and sales of Rs 2,00,000. Calculate
the P/V ratio.
(1) 25%
(2) 30%
(3) 20%
(4) 40%
(5) 35%
Answer Key: 3
Q. 36. Who decides if a bill is a money bill or an ordinary bill?
(1) Prime Minister

(2) President
(3) RBI Governor
(4) Speaker of Lok Sabha
(5) Union Minister of Finance
Answer Key: 4
Q. 37. What is the meaning of labour turnover?
(1) Rate of change in the composition of labour forces

(2) Ratio of training of labour and output of the labour
(3) Labour efficiency
(4) Ratio of Labour cost and labour output
Answer Key: 1
Q. 38. What is the performance approach through rewards and punishment called?
(1) MBO
(2) Eclectic
(3) Transformational Approach
(4) Carrots and Stick Approach
Answer Key: 4
Q. 39. What is the full form of BPO?
(1) Business process outsourcing

(2) Business process Operation
(3) Business Partnership outsourcing
(4) Business Product Outsourcing
(5) Business Payment Operation
Answer Key: 1
Q. 40. Tally is one of the important software for____
(1) Data storage

(2) Accounting
(3) Payroll
(4) Filing GST
(5) Creating documents
Answer Key: 2
Q. 41. What does the letter ‘O’ stand for SWOT Matrix?
(1) Optimum
(2) Operation
(3) Opportunity
(4) Optional
(5) Office
Answer Key: 3
Q. 42. A company has assets worth Rs 36000 and liabilities worth 16000. What is its owners’
equity?
(1) 10000
(2) 15000
(3) 52000
(4) 45000
(5) 20000
Answer Key: 5
Q. 43. For promotion, financing and development of MSMEs which of the following is the
principal financial institution?
(1) RBI
(2) SEBI
(3) SIDBI
(4) IRDAI
(5) NABARD
Answer Key: 3
Q. 44. Current assets are those assets that are expected to be realized within____ months.
(1) 12
(2) 24
(3) 18
(4) 6
(5) 9
Answer Key: 1
Q. 45. Under which subhead is the provision for tax recorded in the balance sheet?
(1) Short term provision

(2) Long Term Provision
(3) Short term asset
(4) Long term Liabilities
Answer key: 1
Q. 46. A regulatory body CBDT deals matters related to?
(1) Indirect taxes

(2) Direct taxes
(3) Both indirect and direct taxes
(4) VAT
(5) GST
Answer Key: 2
Q. 47. Which section of the income tax Act, 1961 is known as the charging section?
(1) Section 2
(2) Section 5
(3) Section 3
(4) Section 4
(5) Section 7
Answer Key: 4
Q. 48. Charges against the property of the company are to be registered with
(1) Regional Director

(2) Nodal officer
(3) Registrar of Companies
(4) DGCOA Officer
Answer Key: 3
Q. 49. Just-in-time technique is used in ____
(1) Training of employees

(2) Transportation of material
(3) Communication
(4) Inventory Management
(5) Hiring of employees
Answer Key: 4
Q. 50. A bill of exchange drawn in parts is known as
(1) Demand bill

(2) Bill in sets
(3) Usance bill
(4) Trade bill
(5) Hundi
Answer Key: 2
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SEBI Phase I Paper 2 Memory Based Questions

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FREE E-BOOK

For SEBI Grade A Exam

Q. 1. Computer-related offence is called _____

(1) Cyber Crime

Q. 2. Which of the following is not a negotiable instrument?

(1) Certificate of deposit

Q. 4. At which of the following places BSE is situated?

(1) Connaught Place Delhi

Q. 5. What does the term CPM stand for in project management?

(1) Chief project manager

Q. 6. ________ is the lender of last resort.

(1) Government of India

(1) Commodity market

Q. 9. If there is no consideration, then the agreement is ____.

Q. 10. On its incorporation, a company is allotted ___ by CRC.

Q. 11. Process to start and restart the computer is _____.

Q. 12. The working and operating of NBFCs are regulated by

Q. 13. In case of liquidation of a company, which of the following is repayable last?

(1) No change in price related to other goods.

(1) Direct Tax

Q. 16. How many schedules are there in companies ACT 2013?

Q. 17. Agriculture forms part of ____ lists in the constitution of India.

(1) Concurrent list

(2) Union list

(1) Ratio of the amount invested by partners

Q. 19. Which of the following are debenture holders entitled to?

(1) Profit Sharing

Q. 20. Which company is promoted by Narayan Murthy?

Q. 21. _____language is used to create Webpages.

Q. 23. ITNS 281 is used to pay

(1) Income Tax

Q. 24. Interest payable on debentures is

(1) Charge against profit

Q. 25. Statistical study population is called

(3) Human Geography

(1) Control and feedback

(1) Error of Omission

Q. 29. GST number is issued based on

(5) None of the above

Q. 30. Debit what comes in, credit what goes ___

Q. 31. Which animal is used in the logo of Make in India?

Q. 32. GST is applied to

Q. 33. NAV in mutual funds stands for

(1) Nominal Asset Value

(2) Nominal Asset Valuation

Q. 34. Current ratio is a kind of?

(1) Solvency Ratio

Q. 36. Who decides if a bill is a money bill or an ordinary bill?

(1) Prime Minister

Q. 37. What is the meaning of labour turnover?

(1) Rate of change in the composition of labour forces

(5) None of the above

Q. 39. What is the full form of BPO?

(1) Business process outsourcing

Q. 40. Tally is one of the important software for____

(1) Data storage

(1) Short term provision

Q. 46. A regulatory body CBDT deals matters related to?

(1) Indirect taxes

(1) Regional Director

Q. 49. Just-in-time technique is used in ____

(1) Training of employees

Q. 50. A bill of exchange drawn in parts is known as