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

Related MCQs

• The main function of………………company are accepts deposits money
• Banking Companies in India are governed by Banking Regulation act 1952.
• Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year.
• 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.
• Deposits from Society and individuals should be shown separately to the …….. side of balance sheet.
• The banking regulation Act --.
• Banking companies in India are governed by …………………..
• Core banking system…………. system.
• Non-Banking Assets must be shown in the Balance Sheet in scheduled 8.
• Insurance is a financial service for collecting the saving of the public and providing them with a risk of a coverage.