MCQ for CA Intermediate Adv. Accounts - Chapter 9 - NON-BANKING FINANCIAL COMPANIES

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 5 - ADVANCED ACCOUNTING - Chapter 9: NON-BANKING FINANCIAL COMPANIES - For Practice relevant for May/November 23 Examinations

 

Q1.  For the purpose of RBI Directions relating to Acceptance of Public Deposits, non-banking financial company means the non-banking institution which is

  1. Loan company or investment company.
  2. Hire-purchase finance company or equipment leasing company.
  3. Both (a) and (b). 

Answer: 3

Q2.  For Sub-standard assets in the case of NBFC, a general provision of

  1. 5% of total outstanding shall be made.
  2. 10% of total outstanding shall be made.
  3. 15% of total outstanding shall be made

Answer: 2

Q3.  “Owned fund” excludes 

  1. paid up capital.
  2. free reserves, balance in share premium account.
  3. reserves created by revaluation of asset.

Answer: 3

Q4.  For more than three years (secured) doubtful advances, provision will be made for

  1. 50%
  2. 40%
  3. 10%

Answer: 1

Q5.  A general provision of total outstanding shall be made in case of substandard advances.

  1. 50%
  2. 40%
  3. 10%

Answer: 3

Q6.  Provision towards standard assets

  1. should be netted from gross advances.
  2. shown separately as ‘Contingent provision against standard assets’ in the Balance Sheet.
  3. Both (a) and (b).

Answer: 2

 

CA Intermediate ADV. ACCOUNTS - MCQ for Chapter 10 -   

To get back to the Chapterwise MCQ List Page       

Hope you can find this article helpful. If you did like the content then Share it with your friends who are preparing for CA Inter Exams or who will be giving their CA Inter Exams in the near future.