Corporate Accounting MCQs and Notes
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Q 11. Banks show provision for income tax under the head
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Q 12. Money at call and short notice is an ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the Banking company.
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Q 13. Revenue reserve means any reserve other than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ reserve.
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Q 14. A demand Loan is payable on ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
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Q 15. A ‐‐‐‐‐‐‐‐‐‐‐‐ loan is payable on demand
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Q 16. Banking business in India is largely governed by the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
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Q 17. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in India is largely governed by the Banking Regulation act 1949.
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Q 18. Banking business in India is largely governed by the Banking Regulation Act‐‐‐‐‐‐‐‐‐
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Q 19. Rebate on bills discounted is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
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Q 20. Banks are required to transfer ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of their profits to a statutory Reserve.
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