Banking company

Banking company has to obtain licence from —before starting business in India.

• RBI

• IRDA

• Central government

Rebate on Bills Discounted means - - - - -

• Discount received by bank but not earned

• Discount earned by bank but not received

• Discount charged by bank on Bills Discounted

Every bank has to create statutory reserves of - - - of net profit of current year.

• 15%

• 25%

• 20%

-----is the first"Asset"in the balance sheet of a bank.

• Cash and balance with Reserve Bank of India

• Investment

• Advances

Balance with RBI are shown in the final accounts of a bank in - - - - - -

• Schedule 9

• Schedule 10

• Schedule 6

Inter office adjustment (net) will appear in - - - - the balance sheet of a bank.

• Other Liabilities only

• Other Assets only

• Either under other Liabilities or other Assets.

Liability on partly paid investment is - - - - liability

• Fixed

• Contingent

• Current

Schedule 4 of banking company accounts is

• Deposit

• Borrowing

• Advances

Schedule 8 in Bank final accounts includes

• Advances

• Investment

• Other assets

----is one which has been classified as NPA for a period not exceeding 12 months.

• Standard asset

• Substandard assets

• Loss assets