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WorksheetsBanking company
Total questions: 10
Worksheet time: 5mins
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
