Corporate Accounting MCQs

M

Mr. Dubey • 51.47K Points
Coach

Q 11. Banks show provision for income tax under the head

(A) Contingency Account
(B) Other liabilities
(C) Contingent liabilities
(D) None of these.
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M

Mr. Dubey • 51.47K Points
Coach

Q 12. Money at call and short notice is an ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the Banking company.

(A) Liability
(B) Asset
(C) Income
(D) Expense
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M

Mr. Dubey • 51.47K Points
Coach

Q 13. Revenue reserve means any reserve other than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ reserve.

(A) General
(B) Capital
(C) Capital Redemption
(D) Other reserve.
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M

Mr. Dubey • 51.47K Points
Coach

Q 14. A demand Loan is payable on ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) Demand
(B) At any time
(C) After one year
(D) After six months
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M

Mr. Dubey • 51.47K Points
Coach

Q 15. A ‐‐‐‐‐‐‐‐‐‐‐‐ loan is payable on demand

(A) Short term Loan
(B) Demand Loan
(C) Fixed Loan
(D) Long term Loan
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M

Mr. Dubey • 51.47K Points
Coach

Q 16. Banking business in India is largely governed by the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) Partnership Act
(B) Companies Act
(C) Insurance Act
(D) Banking Regulation Act
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M

Mr. Dubey • 51.47K Points
Coach

Q 17. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in India is largely governed by the Banking Regulation act 1949.

(A) Insurance business
(B) Banking business
(C) Joint Stock company
(D) Cooperative society.
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M

Mr. Dubey • 51.47K Points
Coach

Q 18. Banking business in India is largely governed by the Banking Regulation Act‐‐‐‐‐‐‐‐‐

(A) 1932
(B) 1956
(C) 1949
(D) 1938
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M

Mr. Dubey • 51.47K Points
Coach

Q 19. Rebate on bills discounted is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) An item of income
(B) Income received in advance
(C) An asset
(D) Income accrued
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M

Mr. Dubey • 51.47K Points
Coach

Q 20. Banks are required to transfer ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of their profits to a statutory Reserve.

(A) 25%
(B) 205
(C) 15%
(D) 10%
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