MEDIUM
Earn 100

Mr. Sharma opened a recurring deposit account in a bank. He deposited Rs.2,000 per month for two years. At the time of maturity he got Rs.6000. Find:

The rate of interest per annum.

Important Questions on Banking and Taxation

HARD

Priyanka has a recurring deposit account of 1000 per month at 10% per annum. If she gets 5550 as interest at the time of maturity, find the total time for which the account was held.

HARD
Mohan opened a recurring deposit account in Bank for 5 years and deposited 100 every month. If the rate of interest is 6% per annum, then how much amount will he get after 5 years?
EASY
The formula to find the maturity amount in fixed deposit is
HARD

Padmini opened a recurring deposit account in district cooperative bank for 10 years and her monthly installment is 100. If on maturity she gets 3,025 as interest, then what is the rate of interest per annum?

HARD
Mr.Sonu has a recurring deposit account and deposits  750 per month for 2 years. If he gets 19125 at the time of maturity, find the rate of interest.
EASY
If a fixed amount is deposited in a bank for a fixed period, then it is known as _____ deposit account.
EASY
Vasim opened a recurring deposit account in Punjab National Bank. He deposits 200 per month for 5 years. If rate of interest is 6% per annum, find the amount he will receive at the time of maturity.
MEDIUM

Rekha opened a recurring deposit account for 20 months. The rate of interest is  9% per annum and Rekha receives 441 as interest at the time of maturity. Find the amount Rekha deposited each month in rupees.

MEDIUM
Sonia had a recurring deposit account in a bank and deposited 600 per month for 212 years. If the rate of interest was 10% p.a., find the maturity value of this account.
MEDIUM

A Joint-stock company's Total Assets are Rs.45 CR which include Intangible assets worth Rs.2 CR. Its liabilities other than share capital and reserves are Rs.40 CR. What is the amount of tangible net worth?

a. 3 CR

b. 7 CR

c. 5 CR

d: 2 CR

MEDIUM
Firm A's fixed cost is Rs.1 lac, selling price Rs.100 and variable cost Rs.60. It is presently selling 5000 units. To meet competition, it reduces selling price by 10%. Which of the following is not correct?
MEDIUM

A firm has the following financial figures from its balance sheet:

Capital Rs.12 lac, Reserves Rs.4 lac, Unsecured loans Rs.5 lac, Current assets Rs.16 lac, Pre-operative Expenses Rs.2 lac. Its Net Worth would be:

a. Rs. 16 lac

b. Rs. 14 lac

c. Rs. I9 lac

d. Rs. 21 lac

e. Rs. 23 lac

MEDIUM

Banks can refuse premature withdrawal of large term deposits held by entities other than individuals and 'HUF where amount is above Rs1crore. (True / false).

MEDIUM
Firm A's fixed cost is Rs.1 lac, selling price Rs.100 and variable cost Rs.60. It is presently selling 5000 units. Which of the following is not correct:
MEDIUM

A firm is having paid-up capital of Rs.2 lac, revaluation reserve of Rs.1 lac, current liabilities of Rs.1 lac, pre-paid expenses of Rs.0.20 lac and pre-operative expenses of Rs.0.30 lac. What will be its tangible net worth:-

a. Rs.2.50 lac

b. Rs.2.70 lac

c. Rs.3 lac

d. Rs.3.50 lac

HARD
Which among the following can be exercised by a bank on a term deposit the maturity date of which expired 2 months back?
MEDIUM

The debt-equity ratio is 3:1. The firm's long term liabilities are 90 and amount of Intangible Assets 5. What is Net worth?
a.  35
b.  30
c.  25
d.  20

EASY
The speed of a moving object is determined to be 0.06 m s-1. This speed is equal to:
MEDIUM
Bank International Limited receives a letter of credit of USD 2000 in favour of M/s Dulari Exports Pvt Ltd for exports to Germany. After verification of the genuineness of the credit, it is forwarded to the beneficiary through a registered letter. Unfortunately, due to the postal strike, by the time the letter of credit is delivered, its validity period expires. The exporter threatens legal action against the bank:
EASY

The total liabilities of a firm are 50, its long term uses 20 and long term sources 30.

a. Current assets = 50 and current liabilities = 20.

b. Current assets = 30 and current liabilities = 20.

c. Current assets = 20 and current liabilities = 30.

d. None of the above is correct.