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Adv Fincnce MCQ
Adv Fincnce MCQ
Adv Fincnce MCQ
A. As 11
B. AS – 22
C. AS 21
D. AS – 23
ANS: C
2. The share of outsiders in the Net Assets in subsidiary company is known as under :
A. outsiders liability
B. Assets
D. Minority Interest
ANS: D
A. Revenue profit
B. Capital profit
C. Goodwill
ANS: B
A. Goodwill
B. Capital Reserve
C. Minority Interest
D. Non of above
ANS: A
A. Capital profit
B. Revenue profit
C. General Reserve
D. Revaluation Loss
ANS: A
A. Optional
ANS: B
A. Minority
B. Subsidiary company
C. Holding Company
ANS: B
C. Revenue profit
D. None of above
ANS: A
A. Capital Profit
B. Revenue Profit
C. Fixed Assets
D. Minority interest
ANS: B
A. Debentures
B. Cost of control
C. Minority interest
ANS:B
ANS: D
12. The Time interval between the date of acquisition of shares in subsidiary company and
date of Balance Sheet of Holding Company is known as :
A. Pre-acquisition period
B. Post-acquisition period
C. Pre-commencement period
D. Pre-incorporation period.
ANS: B
B. Capital profit
C. Investment A/c
ANS: C
A. Bank A/c
C. Dividend A/c
D. Investment A/c
ANS: B
15. When cost of acquisition is more than cost of investment in subsidiary company is
transferred to
A. Goodwill
B. Capital Reserve
C. Revenue Reserve
ANS: A
16. Which Exchange rate will be considered for conversion of share capital of subsidiary
company.
A. Opening Rate
B. closing rate
C. Average Rate
ANS: D
A. Capital profit
B. Revenue profit
C. General Reserve
D. Revaluation Loss
ANS: B
18) For internal purpose, banks may close their accounts on ________________.
A. 31st December
B. 30th June
C. 31st March
D. 30th September
ANS: D
19) The principal books of a banking company that gives the summary of the receiving
cashier’s counter cash books and the paying cashiers counter cash book.
A. General Ledger
C. Cash book
D. Investment Ledger
ANS: C
19) The ___________ of section 29 of the Banking Regulation Act, 1949 prescribes
formats of Balance sheet and profit and loss account of banking companies.
A. Third schedule
B. Second schedule
C. Sixth schedule
D. Fourth schedule
ANS: A
20) It is the last item to appear under ‘Capital and liabilities of the Balance Sheet of a
bank.
B. Deposits
C. Borrowings
D. Other liabilities and provision.
ANS: D
21) It is shown by way of a footnote and details are given in schedule 12.
A. Contingent Liabilities
B. Other Assets
C. Investments
ANS: A
22) Bills purchased and discounted are shown in _________ on the Balance sheet of a
Bank.
A. Schedule 10
B. Schedule 8
C. Schedule 9
D. Schedule 12
ANS: C
23) Every Bank needs to maintain a cash reserves of at least _________ of the
total of its demand and time liabilities.
A. 3 percent
B. 5 percent
C. 7 percent
D. 20 percent
ANS: A
24) In respect of sub-standard assets, a general provision of ___________ of
the total outstanding should be created.
A. 20 percent
B. 10 percent
C. 30 percent
ANS: B
25) The assets which does not disclose any problems and which does not
carry more than normal risk attached to the business.
A. Standard assets
B. Sub-standard assets
C. Doubtful assets
D. Loss assets
ANS: A