Banking Officer Exam Template With Answers Page 21
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29Bank of India Banking Officer Paper – 2017 (Practice Set)
130. A company comes out with a public issue of
133. When shares are allotted to employees and
10000 shares of Rs.10 each on which application
directors to reward them for a consideration
money @ Rs.5 is received. But allotment money
other than cash, these are called:
on 500 shares @ Rs.5 is not received. If the share
a. Equity shares
capital is forfeited, what is amount of share
capital to be forfeited?
b. Employee’ stock option
a. Rs.500
c. Sweat equity
b. Rs.1000
d. Management quota shares
c. Rs.5000
d. Rs.2500
134. When a bill is paid before due date and the
drawer gives some allowance to the drawee, this
is called:
131. A firm receives commission in advance .
a. Discount on the bill
Where will this transaction be classified:
b. Retirement of the bill at a discount
a. Real account(tangible)
c. Rebate
b. Personal account (liability)
d. Any of the above
c. Personal account (asset)
d. Real account(intangible)
135. Forex rate in Delhi is 1 US $ = 48.80/90. In
London the 1 Euro = US $ 1.60/65 pound sterling.
What is the cross rate for Euro.
132. If preference Shares are redeemed at
premium, such premium may be provided out of
a. 78.08
the
b. 77.92
a. Share premium A/c
c. 77.65
b. Proceeds of fresh issue of shares
d. 77.02
c. Shares forfeited A/c
d. Any of the above
136. Spot rate is 1 US $ = 48.10 and 2 months
forward is available at 1 US = 48.50.
a. Forward is at a premium
Page 21
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