A Company delas with SBI. It has book-debts of Rs.100 lacs under LC issued by BOB. Now, Book- Debts of Rs.100 lacs is discounted by SBI after getting confirmation from BOB. Where you will find such Book-Debts outstanding details in Company's Financials?

Under Foot-note or notes to the account of the Company Financials

Under Current Assets as Book-Debts Outstanding

Under Non-Current Assets as the company has got the money against Book- Debts from SBI

It will not appear anywhere in the Balance Sheet as SBI will get money from BOB.

A company has total Book-Debts of Rs.200 lacs, Stock of Rs.300 lacs, Investment in Subsidiary of Rs.100 lacs. On study of Balance Sheet you observe debtors of Rs.50 lacs disputed and stock of Rs.50 lacs obsolete. How you will define the company position?

The liquidity of the company will be impacted

The company's net worth will be impacted.

The Company Debts Equity Ratio will be deteriorate

The company's interest coverage ratio will deteriorate

A company had purchased Plant & Machinery of Rs.100 lacs on 01.01.2022 and as on 31.03.2022 the Plant & Machinery was still under installation stage. The investment in Plant & Machinery will shown under which head of the Balance Sheet?

In the foot note of Balance Sheet

Which of the following is NOT a Cash Expenses transaction in Profit and Loss Account?

Writing off Preliminary Expenses

The company has total Investment in its Associate Firm of Rs.100 lacs as on 31.03.2021. It has withdrawn the investment of Rs.20 lacs during FY 2021-22. While preparing the Fund Flow Statement, how you will treat the withdrawal of Investment?

Long Term utilization of Rs.20.00

Short Term utilization of Rs.20.00

A company debtors level has decreased from Rs.70 lacs as on 31.03.2021 to Rs.50 lacs as on 31.03.2022. While preparing the Cash Flow Statement, how you will classify the above transaction?

Cash Inflow from operation Rs.20 lacs

Cash outflow from operation Rs.20 lacs

Cash outflow from investment Rs.20 lacs

Cash inflow from investment Rs.20 lacs

Cash outflow from Financi ng Rs.20 lacs

The firm had total profit of Rs.50 lacs during a year. On study of Balance Sheet & net worth we find that the firm has withdrawn Rs.85 lacs during the same year for purchase of plot in the name of a individual partner. What will be impact on Balance Sheet?

Reduce both Assets and Owner’s Equity

Reduce Assets and increase Liabilities

Reduce Owner’s Equity and increase Liabilities

Have no effect on the Balance Sheet

The financial analysts use to say that trend of the particular compnay is highly leveraged? Could you explain, what it indicates?

The company borrowing level is increasing year after year.

The company is making good amount of SALES year after year.

The company is making good amount of PROFIT year after year.

The company liquidity is increasing year after year.

A company has total plant & machinery of Rs.100 lacs as on 31.03.2022. It has sold Rs.20 lacs of Plant & machinery at Rs.25 lacs during FY 2022- 23. What will be impact on the Balance Sheet of the company as on 31.03.2023

Liability & Asset side of the balance sheet will increase by Rs.5 lacs

Assets and Liability side of the company will increase by Rs.25 lacs

Only Assets side of the company will increase by Rs.25 lacs

Only liability side of the company will increase by Rs.25 lacs

As a banker, you have received a proposal for cash credit limit of Rs.100 lacs. On verification of balance sheet you find that some of the debtors are doubtful in nature of Rs.30 lacs. How will treat that debtors of doubtful nature in credit assessment?

As continge nt liability as it may or may not realize

A company has total investment of Rs.150 lacs in its Associate Concerns. It has redeemed Rs.50 lacs out of Rs.150 lacs investment. What will be the immediate impact on the Financial Standing of that Company just after redemption?

The current ratio of the company will improve.

The DE Ratio of the company will improve.

The Fixed Assets Coverage Ratio of the company will imp

The networth of the company will improve as the company will receive Cash from sale proceeds.

An organization is said to be liquid if –

It can meet its current liabilities out of its current assets.

It has sufficient cash to meet its total outside liabilities

90% of its source of funds constitute as owner’s stake

all the current assets are fully liquid in nature

A company has total debtors of Rs.300 lacs as on 31.03.2022. It has realised the debtors of Rs.100 lacs during FY 2022-23. What would be the impact on the balance sheet as on 01.03.2023?

There will be reduction in Current Assets of Rs.100 lacs but increase in Net worth of Rs.100 lacs

There will be reduction in Total Current Assets of Rs.100 lacs

There will be no change in Total Current Assets

There will increase in Networth of Rs.100 lacs

Which of the following is true?

The purchase of an asset for cash or on credit, does not change the Owners’ Equity

The payment of a Liability causes an increase in Owner’s Equity

The collection of an Account Receivable will cause Total Assets to increase

The accounting equation may be stated as: Assets+ Liabilities = Owners’ equity

A company had opening Debtors of Rs.50 lacs as on 31.03.2022. It sold goods of Rs.400 lacs in Cash and Rs.100 lacs in credit during FY 2022-23. It had realised the debtors of Rs.110 lacs during FY2022- 23. What will be outstanding Debtors as on 31.03.2023?

No Debtors Outstanding as on 31.03.2023 (it should be negative)

What process should branches follow to avoid frauds while lodging CPPS requests for Govt. accounts?

Obtain telephonic confirmation with the respective Govt. official

Attend to individual CPPS requests received on email

Process the requests manually in Finacle

Prepare a data file in notepad/txt format

Do branches need to prepare a txt file for bulk CPPS upload on behalf of Govt. account?

Only if the request is received in scanned application form

Only if the request is received through email

What is the purpose of the unique registration number generated for each cheque record being lodged for CPPS confirmation?

To identify the branch that lodged the request

To track the status of CPPS lodgement inquiry in Finacle CPPS menu

To notify the respective customer in case of mismatch in the provided data

What are the two grounds for extending Joint/Associate BC Agent facility?

Medical grounds/illness of BC for more than 7 days and Business improvement

Medical grounds/illness of BC for more than 5 days and Business improvement

Medical grounds/illness of BC for more than 10 days and Business improvement

What is the purpose of the R-menu check implemented by the Bank?

To monitor transactions of Rs. 10.00 lacs and above in sensitive office accounts.

To monitor transactions of Rs. 10.00 lacs and above in all accounts.

To monitor transactions of all amounts in sensitive office accounts.

To monitor transactions of all amounts in all accounts.

What is the Bank's stance on maintaining current accounts for internal uses?

No branch can maintain current accounts for their internal uses.

All branches can maintain current accounts for their internal uses.

Only select branches can maintain current accounts for their internal uses.

Only current accounts with customer relations can be maintained for internal uses.

Who are eligible borrowers for the Scheme on Financing to Units/Borrowers Involved in Lab Grown Diamonds?

a) Any business involved in manufacturing of gems and jewellery

b) Any business that has been in the line of activity for at least two years with at least two audited balance sheets available

c) Any business that is rated A or above by an external rating agency

What is the minimum external rating required for MSME Regulatory/Expanded Borrower?

a) Any business involved in manufacturing of gems and jewellery

Why single escrow account used for in the Scheme on Financing to Units/Borrowers Involved in Lab Grown Diamonds?

To ensure proper control over the cash flow

To maintain the borrower's current assets

To deposit all the proceeds/cash flows received by the borrower

AGM1

Authored by Nagarjuna ponnada

Professional Development

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119 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company has made sales of Rs.300 lacs. It has Net Profit of Rs.30 lacs. In Notes to Account we find Profit includes interest income of Rs.10 lacs from Investment. It has Depreciation Rs.5 lacs. What is "Cash Profit" of the company form Operation only?

Rs.30 lacs

Rs.20 lacs

Rs.25 lacs

Rs.15 lacs

Rs.35 lacs

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following information is available from the balance sheet of a unit, Total liabilities - 20 lacs, Current liabilities -7 lacs, Term liabilities -4 lacs, what will be DE Ratio?

4.5

3.15

2.26

1.22

0.95

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company has purchased the Raw Material of Rs.100 lacs on Credit from Suppliers. what will be the impact on the Balance Sheet?

Only Assets will increase by Rs.100 lacs

Only Liabilities will increase by Rs.100 lacs

Both Assets and Liabilities will increase by Rs.100 lacs

Neither Assets and Liabilities will increase by Rs.100 lacs

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company has total Book-Debts of Rs.200 lacs as on 31.03.2022 and during financial year 2022- 2023 it has realized the Book-Debts of Rs.50 lacs. What will be the impact on the Balance Sheet of the Company as on 31.03.2023?

Total Current Assets of the company will increase by Rs.50 lacs.

Total Assets of the company will increase by Rs.50 lacs.

Total Liability of the Company will reduce by Rs.50 lacs

There will not be change on the Assets & Liabilities of the Company.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company has total Inventory holding level of 35 days as on 31.03.2022 which has been increased to 60 days as on 31.03.2023. Which of the following is the best indicator of increase in Inventory Holding Level?

The company requires more working capital now.

The company is improving its business model.

The company requires less working capital

The debtors holding level mostly increases due to increases in Sales

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company has purchased Plant & Machinery of Rs.100 lacs by availing a Term Loan of Rs.75.00 lacs and remaining Rs.25 lacs will be brought in as Cash Margin from his capital. What will be the impact on the Balance Sheet of the Company?

Total Assets side will increase by Rs.100 lacs

Total Liability side will increase by Rs.100 lacs

Total Assets side will increase by Rs.75 lacs

Total Liability side will increase by Rs.25 lacs

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company approaches you for a loan and you find that it has total Cash of Rs.55 lacs and out of which Rs.30 lacs lying in current account is marked lien by the bank due to attachment order by Income Tax Dept. How you will treat Rs.30 lacs in CMA?

As Current Assets

As Non-Current Assets

We will remove the cash Balance of Rs.30 lacs from Assets side

It will be treated as Contingent Liability

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AGM1

A company has made sales of Rs.300 lacs. It has Net Profit of Rs.30 lacs. In Notes to Account we find Profit includes interest income of Rs.10 lacs from Investment. It has Depreciation Rs.5 lacs. What is "Cash Profit" of the company form Operation only?

The following information is available from the balance sheet of a unit, Total liabilities - 20 lacs, Current liabilities -7 lacs, Term liabilities -4 lacs, what will be DE Ratio?

A company has purchased the Raw Material of Rs.100 lacs on Credit from Suppliers. what will be the impact on the Balance Sheet?

A company has total Book-Debts of Rs.200 lacs as on 31.03.2022 and during financial year 2022- 2023 it has realized the Book-Debts of Rs.50 lacs. What will be the impact on the Balance Sheet of the Company as on 31.03.2023?

A company has total Inventory holding level of 35 days as on 31.03.2022 which has been increased to 60 days as on 31.03.2023. Which of the following is the best indicator of increase in Inventory Holding Level?

A company has purchased Plant & Machinery of Rs.100 lacs by availing a Term Loan of Rs.75.00 lacs and remaining Rs.25 lacs will be brought in as Cash Margin from his capital. What will be the impact on the Balance Sheet of the Company?

A company approaches you for a loan and you find that it has total Cash of Rs.55 lacs and out of which Rs.30 lacs lying in current account is marked lien by the bank due to attachment order by Income Tax Dept. How you will treat Rs.30 lacs in CMA?

A company has made an advance payment of Rs.200 lacs for purchase of Plant and Machinery. As a Banker where you will treat such advance payment to supplier in CMA data?

A company has total NPV of fixed Assets of Rs.150 lacs. It has term loan of Rs.100 lacs, Networth of Rs.25 lacs, Current Liability of Rs.25 lacs and Non- Current Assets of Rs.50 lacs. How much is FACR (Fixed Assets Coverage Ratio) of this company?

A Company delas with SBI. It has book-debts of Rs.100 lacs under LC issued by BOB. Now, Book- Debts of Rs.100 lacs is discounted by SBI after getting confirmation from BOB. Where you will find such Book-Debts outstanding details in Company's Financials?

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