Objective Type Questions

(I) Fill in the Blanks

1. Every banking company in India is required to transfer at least ________ of its current year’s profit to the

reserve fund.

2. Every non-scheduled bank has to maintain a cash reserve of at least ________ of its demand and time

liabilities in India.

3. Amount of deposit kept with the RBI under Section 11(2) of Banking Regulation Act, 1949 is shown under

Capital for ________ banks.

4. Balances with RBI are shown in the final accounts of a Bank in Schedule No. ________.

5. Interest Accrued is shown in the final accounts of a Bank in Schedule No. ________.

6. Money at Call and Short Notice is shown in the final accounts of a Bank in Schedule No. ________.

7. A banking company is statutorily required to transfer ________ % of its profits to its Reserve Fund, each year

before declaring dividends or transferring profit to the Central Government.

8. Demand drafts, telegraphic transfers, mail transfers and travellers’ cheques issued by the bank but not

presented for payment till the year end are known as Bills ________ (Receivable/ Payable/Collected).

9. Banks should classify an account as NPA only if the interest charged during any quarter is not serviced fully

within ________ days from the end of the quarter.

10. A ________ asset would be one which has remained NPA for a period less than or equal to 12 months.

11. Banks should make general provision for standard assets in the form of direct advances to

agricultural and SME sectors at ________ per cent.

12. Banks should make general provision for standard assets in the form of residential housing

loans beyond ` 20 lakhs at ________ per cent.

13. Banks should make general provision for standard assets in the form of personal loans (including

credit card receivables) at ________ per cent.

14. Banks should make general provision for standard assets in the form of loans and advances

qualifying as Capital Market exposures at ________ per cent.

15. Banks should make general provision for standard assets in the form of loans and advances to

Non-deposit taking Systemically Important NBFCs at ________ per cent.

16. Banks should make general provision for standard assets at ________ per cent.
17. ________ percentage of provision is required on performing assets.