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WorksheetsDCCB Banking,Taxation
Total questions: 18
Worksheet time: 9mins
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 ?
30th June of every financial year is the last date for ?
The last date for filing Bank's Balance sheet to RBI .
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
Can Concurrent Auditor and Tax Auditor of Bank can be same Firm / Person ?
Bad and doubtful Debt Reserve provision comes under which Section of the Income Tax Act ?
Section 36(1)(vii) a
Section 36 (1)(viii)
RCM means in GST Act ?
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
12
2 Quarterly returns
Limit of Cash withdrawal for Co-operative Society wef AY 2025-26
3 Crore per year
2 Crore per month
1 Crore per quarter
20Lacs per 15 days
Are Accounting standards applicable for District and State Co-operative Banks ?
No
Yes
Only 5 out of 28
Yes, when its Capital exceeds 5 Crore
Rate of Income tax for District and State Co-operative banks ?
The income tax rate for District and State Co-operative banks is fixed at 22%.
Installments of Advance Tax for Rural Co-operative Banks ?
Four installments: 15% by June 15, 45% by September 15, 75% by December 15, 100% by March 15.
Is Cyber security Insurance mandatory for Co-operative Banks ?
Which of the following is correct ?
IGST on Car repairing is allowable ITC
CGST on AGM Catering charges is allowable ITC
IGST on Mediclaim Insurance is allowable ITC
IGST on Legal expenses is allowable ITC
STR filing Due date is ?
March 31st of every year
Within 7 days of transaction
Upto 10th of the next month
Upto 15th of end of quarter
Amount of penalty can be levied by RBI for KYC default ?
Penalties can range from ₹10,000 to ₹1 crore or more, and Rs.1 Lakh per day for continuation of default.
