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WorksheetsBANKING COMPANIES
Total questions: 30
Worksheet time: 16mins
ROLL NO. AND SECTION
What types of loans do you know? (3)
Savings
Cash credit
overdraft
current
Mortage
BANKING COMPANIES ACT WAS PASSED IN THE YEAR
1950
1963
1955
1949
A bank is...
a business that keep money for customers and makes loans.
a company that uses your money for bartering.
an organization that holds money and other valuable assets.
a business that borrows money from you.
When the bank pays a transaction for you because you don't have enough money in your account it's called an........
withdrawal
overdraft
bank
income
Who is the Apex body in Indian Banking System?
RBI
SEBI
IRDA
NABARD
Income on investment is related to schedule no.
13
14
8
16
endorsements is related schedule no.
9
11
12
16
Non banking assets show under the schedule
10
11
12
none of the above
Bills discounted and purchased related to schedule no.
13
9
both
none of the above
Which item/s related to schedule no 16
insurance
establishments
bonus
commission
interest accrued
On ............ account no interest is paid by bank -
current
saving
fixed deposit
recurring deposit
By ............. , bank lends money to public
overdraft
cash credit
bill discounting
all the above
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
Cheque is used for-:
Deposit
Withdrawal
Deposit and withdrawal
None of these
There are how many schedule in profit and loss account in Banking companies.
3
4
12
14
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
On this check, which number is the checking account number?
1001
1234567890
042000314
checks don't have routing numbers
What is your favourite subject?
business statistics
marketing management
banking and banking low
corporate law
