Question 1

Rebate of Bills discounted is an income received in advanced which is carried forward as other liability.

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 2

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

Accepted Answer

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

Question 3

As per As- 28 impairment of asset means decrease in the value of asset.

Accepted Answer

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

Question 4

Core banking system…………. system.

Accepted Answer

A) Bank end 
B) work flow 
C) open end 
D) internal 
A) Bank end 
B) work flow 
C) open end 
D) internal

Question 5

An assets becomes non performing when it to generate income for bank.

Accepted Answer

A) lease 
B) ceases 
C) computerized 
D) easy. 
A) lease 
B) ceases 
C) computerized 
D) easy.

Rebate of Bills discounted is an income received in advanced which is carried forward as other liability.

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