Explanation

Crypto trading is an investment activity, not a branchless banking service.

Branchless banking refers to banking without physical branches, using mobile phones, ATMs, agents, or the internet.

Explanation

Only a thumb impression is not accepted as a valid feature of a cheque.

A cheque is a negotiable instrument

That acts as an unconditional order to a bank to pay a specific amount of money.

For it to be legally valid and processed, the following features are mandatory: 

• Signature
• Date
• Amount in figures and words

Explanation

The accounting process of allocating the cost of intangible assets to expense over their useful life is called amortization. 

Purpose: It matches the cost of an intangible asset with the revenue it generates over time.

Explanation

Surplus: Income > Expenditure

• Example: Government collects $1000 in revenue, spends $900 → Surplus $100

Additional information:

• Deficit Budget: Expenditure > Income

Last verified on 18-01-2026

Explanation

Revenue Income: Money earned from regular operations, e.g.,

1. Sale of old newspapers
2. Membership fees
3. Donations for regular activities
4. Workshop fees
5. Interest on bank deposits related to operations

Last verified on 18-01-2026

Explanation

Higher productivity lowers costs and improves efficiency, giving the company a competitive edge.

It helps the management strengthen market position and profitability.

Explanation

Explanation

Current ratio = Current Assets ÷ Current Liabilities.

A ratio of 1 means current assets equal current liabilities.

Net working capital = Current Assets − Current Liabilities; thus, it will be zero.

Explanation

The Quick Ratio, also called the Acid-test Ratio, measures a company’s ability to meet its short-term liabilities with its most liquid assets, excluding inventory.

Explanation

In the primary market, new securities are issued and sold to investors for the first time.

It helps companies raise capital directly from investors for business expansion or projects.