. …….of profit is transferred to statutory reserves.
A) 10%
B) 20%
C) 25%
D) 30%
Correct Answer:
Verified
Q14: Trade liabilities include ………..
A)Creditors
B)Debentures
C)Bank overdraft
D)All of these
Q15: . ……..is called a factory of credit.
A)Company
B)Firm
C)Bank
D)None
Q16: Banking companies are governed in India by
Q17: CRR stands for …………
A)Current Reserve Ratio
B)Capital Reserve
Q18: SLR stands for ……………
A)Savings Level Ratio
B)Statutory Liquidity
Q19: The method of rapidly posting entries in
Q20: The P&L A/c of Banking Companies are
Q22: Banks show the provision for income tax
Q23: Rebate on bills discounted is ………..
A)An income
Q24: Schedule 1 is concerned with ………….
A)Cash and
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