WorksheetsBanking Companies Acc
Total questions: 10
Worksheet time: 6mins
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
