McqMate
Chapters
| 1. |
The banking regulation Act --. |
| A. | 1949 |
| B. | 1947 |
| C. | 1932 |
| D. | 1956 |
| Answer» A. 1949 | |
| 2. |
Banking companies in India are governed by ………………….. |
| A. | As per act 1932 |
| B. | Income Tax act |
| C. | AS-23 |
| D. | Banking Regulation Act 1949 |
| Answer» D. Banking Regulation Act 1949 | |
| 3. |
An assets becomes non performing when it to generate income for bank. |
| A. | lease |
| B. | ceases |
| C. | computerized |
| D. | easy. |
| Answer» B. ceases | |
| 4. |
Banks are to recognize their income on…………….basis in respect of income on performing asset. |
| A. | Accrual |
| B. | cash |
| C. | credit |
| D. | none. |
| Answer» A. Accrual | |
| 5. |
Banks are to recognize their income on……………… basis in respect of income on non performing asset. |
| A. | Accrual |
| B. | cash |
| C. | credit |
| D. | none. |
| Answer» B. cash | |
| 6. |
Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year. |
| A. | non –performing |
| B. | performing |
| C. | Current |
| D. | Fluctuating. |
| Answer» A. non –performing | |
| 7. |
The main function of………………company are accepts deposits money |
| A. | Private |
| B. | Public |
| C. | Banking |
| D. | Capital marketing |
| Answer» B. Public | |
| 8. |
…………….asset is one which has been classified as non-performing asset for period not exceeding than………….years |
| A. | Fixed – 13 |
| B. | Fluctuating – 11 |
| C. | Intangible – 1 |
| D. | Substandard – 2 |
| Answer» A. Fixed – 13 | |
| 9. |
Core banking system…………. system. |
| A. | Bank end |
| B. | work flow |
| C. | open end |
| D. | internal |
| Answer» A. Bank end | |
| 10. |
Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year. |
| A. | 31st March |
| B. | 31st July |
| C. | 31st December |
| D. | None |
| Answer» A. 31st March | |
| 11. |
Banking Companies in India are governed by Banking Regulation act 1952. |
| A. | true |
| B. | false |
| C. | may be true |
| D. | ma be false |
| Answer» B. false | |
| 12. |
The main function of a banking company are to accept deposits of money from the public and to lend or invest these deposits. |
| A. | true |
| B. | false |
| C. | only true |
| D. | ma be false |
| Answer» A. true | |
| 13. |
Non-Banking Assets must be shown in the Balance Sheet in scheduled 8. |
| A. | true |
| B. | may be false |
| C. | may be true |
| D. | false |
| Answer» B. may be false | |
| 14. |
Acceptance, Endorsements and other obligations are a contingent liability of bank. |
| A. | True |
| B. | False |
| C. | May be false |
| D. | May be true |
| Answer» B. False | |
| 15. |
Rebate of Bills discounted is an income received in advanced which is carried forward as other liability. |
| A. | true |
| B. | false |
| C. | may be true |
| D. | only true |
| Answer» A. true | |
| 16. |
Transfer of money from one place to another i.e. mail transfer is an item to be excluded from bills payable. |
| A. | True |
| B. | False |
| C. | May be false |
| D. | May be true |
| Answer» B. False | |
| 17. |
An assets become non-performing when it ceases to generate income for a Bank. |
| A. | True |
| B. | False |
| C. | May be false |
| D. | May be true |
| Answer» A. True | |
| 18. |
Banks are to recognize their income on cash basis in respect of income on performing assets. |
| A. | true |
| B. | false |
| C. | may be true |
| D. | may be false |
| Answer» B. false | |
| 19. |
Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years. |
| A. | true |
| B. | false |
| C. | may be true |
| D. | only true |
| Answer» B. false | |
| 20. |
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. | true |
| B. | false |
| C. | only a |
| D. | a or b |
| Answer» A. true | |
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