Banking Regulation Quiz

Schedule 1 of bank final account is

• Share Capital

• Reserve and Surplus

• Deposits

• Borrowings

According to Banking Regulation Act, Balance Sheet of bank is prepared inform

• A

• B

• N

• M

According to Banking Regulation Act, Profit and loss account of bank is prepared in form

• B

• A

• C

• D

Banking companies in India are regulated by

• Banking Regulation Act 1949

• Banking Remote Act 1949

• Bank Reconstruction Act 1949

• Reserve Bank of India Act 1935

Banking companies are required to transfer _____of the current year's profit to reserve fund

• 20%

• 25%

• 35%

• 45%

NPA means

• Non Performing Assets

• Net Performing Assets

• Net Performing Actions

• Not Performing Actions

On which day does the accounting year of a banking company end every year?

• 31st March

• 30th June

• 31st August

• 31st December

Which section of Banking Regulation Act provides for preparation of Bank's final account in prescribed forms?

• Sec 29

• Sec 30

• Sec 31

• Sec 32

What are the other names for unexpired discount?

• Discount Received in advance and Rebate on bills discounted

• Rebate

• Discount Received

• Discount allowed

Substandard assets are certain loan asset of a bank which are classified as ___________assets for a period not exceeding two years

• Non - performing

• Performing

• Current

• Fluctuating