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Banking Companies Acc

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

The Banking Regulation Act was passed in the Year

a)

1949

b)

1959

c)

1969

d)

1971

2.

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

a)

current

b)

saving

c)

fixed deposit

d)

resurring deposit

3.

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

a)

current

b)

saving

c)

fixed deposit

d)

recurring deposit

4.

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

a)

current

b)

saving

c)

fixed deposit

d)

all the above

5.

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

a)

overdraft

b)

cash credit

c)

bill discounting

d)

all the above

6.

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

a)

current

b)

saving

c)

fixed deposits

d)

recurring deposit

7.

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

a)

compulsory

b)

essential

c)

voluntary

d)

as per requirement

8.

Transfer to statutory reserve, is made out of:-

a)

current year's profit

b)

previous year profit

c)

capital reserves

9.

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

a)

A

b)

B

c)

H

d)

F

10.

The balance sheet of banks is prepared in form

a)

A

b)

B

c)

H

d)

F