DCCB Banking,Taxation

What is the primary purpose of the Capital to Risk-Weighted Assets Ratio?

• To measure a bank's profitability

• To assess a bank's capital adequacy

• To evaluate a bank's liquidity position

• To determine a bank's operational efficiency

Which is the effective date of Banking regulation Amendment Act 2020 for rural cooperative banks ?

• March 1, 2021
• January 1, 2022
• December 31, 2020
• April 1, 2021

30th June of every financial year is the last date for ?

• The last date for filing Bank's Balance sheet to RBI .

• The last date for filing income tax returns for the financial year.
• The last date for paying property taxes.
• The last date for submitting GST returns.

DEAF ?

• Depositors Education and Awareness Fund

• Dead equlisation fund

• Dormant equity asset fund

• Drawal education access fund

ULI ?

• Unified lending interface

• Uniformal loan interchange

• Urban loan indicator

• Universal Land Information

Can Concurrent Auditor and Tax Auditor of Bank can be same Firm / Person ?

• Only if they are from different departments.
• It depends on the bank's policy.
• Yes, they can be the same firm/person.
• No, they cannot be the same firm/person.

Bad and doubtful Debt Reserve provision comes under which Section of the Income Tax Act ?

• Section 36(1)(vii) a

• Section 37(1)
• Section 36 (1)(viii)

• Section 40(a)(i)

RCM means in GST Act ?

• Regular Charge Mechanism
• Reverse Charge Mechanism
• Revenue Collection Method
• Rate Change Model

VINFRA means ?

• Fraud Vulnerability Index

• Fake Vault Index

• Fraud Volatile Infrastrucure

• Forge Windows fraud registration Act

Number of returns to be filed in SFT every year ?

• 14

• One return per month for all entities
• 12

• 2 Quarterly returns