Question 1

Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.

Accepted Answer

A) non -performing 
B) performing 
C) Current 
D) Fluctuating. 
A) non -performing 
B) performing 
C) Current 
D) Fluctuating. A

Question 2

Banks are to recognize their income on……………… basis in respect of income on non performing asset.

Accepted Answer

A) Accrual 
B) cash 
C) credit 
D) none. 
A) Accrual 
B) cash 
C) credit 
D) none. B

Question 3

Banking Companies in India are governed by Banking Regulation act 1952.

Accepted Answer

A) true 
B) false 
C) may be true 
D) ma be false 
A) true 
B) false 
C) may be true 
D) ma be false B

Question 4

Banking companies in India are governed by …………………..

Accepted Answer

A) As per act 1932 
B) Income Tax act 
C) AS-23 
D) Banking Regulation Act 1949 
A) As per act 1932 
B) Income Tax act 
C) AS-23 
D) Banking Regulation Act 1949

Question 5

Every banking company incorporated in India must transfer to the Reserve fund a sum equivalent to not less than 25% of profit of each year before declaration of dividend.

Accepted Answer

A) true 
B) false 
C) only a 
D) a or b 
A) true 
B) false 
C) only a 
D) a or b

Question 6

A parent co. should account for the investment in subsidiaries in accordance with AS -13

Accepted Answer

A) true 
B) false 
C) May be true 
D) only b 
A) true 
B) false 
C) May be true 
D) only b

Question 7

As per AS -30 prepaid expenses are not financial instruments.

Accepted Answer

A) true 
B) false 
C) neither true nor false 
D) may be false. 
A) true 
B) false 
C) neither true nor false 
D) may be false.

Question 8

Banks are to recognize their income on cash basis in respect of income on performing assets.

Accepted Answer

A) true 
B) false 
C) may be true 
D) may be false 
A) true 
B) false 
C) may be true 
D) may be false

Question 9

An assets become non-performing when it ceases to generate income for a Bank.

Accepted Answer

A) True 
B) False 
C) May be false 
D) May be true 
A) True 
B) False 
C) May be false 
D) May be true

Question 10

Non-Banking Assets must be shown in the Balance Sheet in scheduled 8.

Accepted Answer

A) true 
B) may be false 
C) may be true 
D) false 
A) true 
B) may be false 
C) may be true 
D) false

Question 11

The main function of………………company are accepts deposits money

Accepted Answer

A) Private 
B) Public 
C) Banking 
D) Capital marketing 
A) Private 
B) Public 
C) Banking 
D) Capital marketing

Question 12

Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years.

Accepted Answer

A) true 
B) false 
C) may be true 
D) only true 
A) true 
B) false 
C) may be true 
D) only true

Question 13

Transfer of money from one place to another i.e. mail transfer is an item to be excluded from bills payable.

Accepted Answer

A) True 
B) False 
C) May be false 
D) May be true 
A) True 
B) False 
C) May be false 
D) May be true

Question 14

The banking regulation Act --.

Accepted Answer

A) 1949 
B) 1947 
C) 1932 
D) 1956 
A) 1949 
B) 1947 
C) 1932 
D) 1956

Question 15

A-5 does not indicate the frequency of interim financial report.

Accepted Answer

A) true 
B) either true or false 
C) both a and b 
D) only false 
A) true 
B) either true or false 
C) both a and b 
D) only false

Question 16

The main function of a banking company are to accept deposits of money from the public and to lend or invest these deposits.

Accepted Answer

A) true 
B) false 
C) only true 
D) ma be false 
A) true 
B) false 
C) only true 
D) ma be false

Question 17

Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year.

Accepted Answer

A) 31st March 
B) 31st July 
C) 31st December 
D) None 
A) 31st March 
B) 31st July 
C) 31st December 
D) None

Question 18

…………….asset is one which has been classified as non-performing asset for period not exceeding than………….years

Accepted Answer

A) Fixed - 13 
B) Fluctuating - 11 
C) Intangible - 1 
D) Substandard - 2 
A) Fixed - 13 
B) Fluctuating - 11 
C) Intangible - 1 
D) Substandard - 2

Question 19

A 25 focuses on change in accounting policies also.

Accepted Answer

A) true 
B) only false 
C) may be true 
D) may be false 
A) true 
B) only false 
C) may be true 
D) may be false

Question 20

Acceptance, Endorsements and other obligations are a contingent liability of bank.

Accepted Answer

A) True 
B) False 
C) May be false 
D) May be true 
A) True 
B) False 
C) May be false 
D) May be true

Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.

Banks are to recognize their income on……………… basis in respect of income on non performing asset.

Banking Companies in India are governed by Banking Regulation act 1952.

Banking companies in India are governed by …………………..

Every banking company incorporated in India must transfer to the Reserve fund a sum equivalent to not less than 25% of profit of each year before declaration of dividend.

A parent co. should account for the investment in subsidiaries in accordance with AS -13

As per AS -30 prepaid expenses are not financial instruments.

Banks are to recognize their income on cash basis in respect of income on performing assets.

An assets become non-performing when it ceases to generate income for a Bank.

Non-Banking Assets must be shown in the Balance Sheet in scheduled 8.

The main function of………………company are accepts deposits money

Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years.

Transfer of money from one place to another i.e. mail transfer is an item to be excluded from bills payable.

The banking regulation Act --.

A-5 does not indicate the frequency of interim financial report.

The main function of a banking company are to accept deposits of money from the public and to lend or invest these deposits.

Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year.

…………….asset is one which has been classified as non-performing asset for period not exceeding than………….years

A 25 focuses on change in accounting policies also.

Acceptance, Endorsements and other obligations are a contingent liability of bank.

Accounting Standards and Reporting in India

Insurance and Loss Assessment

Accounting and Co-Operative Society

Accounting and Financial Terms and Concepts

Branch Accounting and Single Entry System

Financial Statements and Ratio Analysis

Ratio Analysis and Financial Performance Metrics

Ratios and Turnovers in Accounting

Filters

Exam 2: Banking Regulations and Accounting Practices in India

Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.

Banks are to recognize their income on……………… basis in respect of income on non performing asset.

Banking Companies in India are governed by Banking Regulation act 1952.

Banking companies in India are governed by …………………..

Every banking company incorporated in India must transfer to the Reserve fund a sum equivalent to not less than 25% of profit of each year before declaration of dividend.

A parent co. should account for the investment in subsidiaries in accordance with AS -13

As per AS -30 prepaid expenses are not financial instruments.

Banks are to recognize their income on cash basis in respect of income on performing assets.

An assets become non-performing when it ceases to generate income for a Bank.

Non-Banking Assets must be shown in the Balance Sheet in scheduled 8.

The main function of………………company are accepts deposits money

Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years.

Transfer of money from one place to another i.e. mail transfer is an item to be excluded from bills payable.

The banking regulation Act --.

A-5 does not indicate the frequency of interim financial report.

The main function of a banking company are to accept deposits of money from the public and to lend or invest these deposits.

Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year.

…………….asset is one which has been classified as non-performing asset for period not exceeding than………….years

A 25 focuses on change in accounting policies also.

Acceptance, Endorsements and other obligations are a contingent liability of bank.

Accounting Standards and Reporting in India

Insurance and Loss Assessment

Accounting and Co-Operative Society

Accounting and Financial Terms and Concepts

Branch Accounting and Single Entry System

Financial Statements and Ratio Analysis

Ratio Analysis and Financial Performance Metrics

Ratios and Turnovers in Accounting

Filters