Banking Companies Acc

The Banking Regulation Act was passed in the Year

• 1949

• 1959

• 1969

• 1971

Businessman normally keep............account with bank

• current

• saving

• fixed deposit

• resurring deposit

On ............ account no interest is paid by bank -

• current

• saving

• fixed deposit

• recurring deposit

In .......... account , bank accepts deposits from public-

• current

• saving

• fixed deposit

• all the above

By ............. , bank lends money to public

• overdraft

• cash credit

• bill discounting

• all the above

On --------- account , bank pays interest at higher rates

• current

• saving

• fixed deposits

• recurring deposit

Transfer to statutory reserves, ............. for bank

• compulsory

• essential

• voluntary

• as per requirement

Transfer to statutory reserve, is made out of:-

• current year's profit

• previous year profit

• capital reserves

Profit & Loss account of banks is prepared in Form..........

• A

• B

• H

• F

The balance sheet of banks is prepared in form

• A

• B

• H

• F