Unit – 1: Accounts of Banking Companies
Q. List out the form of business in which Banking Company may engage as detailed in Section 6 of the Banking Regulations Act. Or Mention the features of a banking company.
Q. Explain the following in relation to the Banking Company:
a) Slip system of posting
b) Rebate on Bills Discounted and its treatment
d) Non-banking Assets
e) From B of the Banking Company
f) Books maintained by banking companies
g) Money at call and short notice (Schedule 7)
Q. Write a brief note on various types of advances provided by bank. (Cash Credit, Overdraft, Loan, Discounting)
Q. Write a brief note on various classes of advances (Standard assets, sub-standard assets, doubtful assets, loss assets. Also mention % of provision required in these classes.
Q. Give in brief the various provisions of the Banking Regulation Act, 1949 relating to the annual accounts of the banking company.
Multiple choice questions:
1. A banking company cannot grant loan to any of its directors.
2. Banking companies are governed by the Banking Realisations Act, 1949.