Banking Officer Exam Template With Answers Page 22
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29Bank of India Banking Officer Paper – 2017 (Practice Set)
b. Forward is at a discount
140. The process under which the future value of
present cash flows is determined is called:
c. Spot is at a premium
a. Discounting
d. Spot is at a discount
b. Compounding
c. Net present value
137. Which of the following is correct formula for
calculation of future value of an annuity due
d. Internal rate of return
(beginning of period).
a. C × ((1+r)n -1/r)
141. X had borrowed Rs.65600 at 5% interest for 2
b. C × ((1+r)n- 1/r) × (1+r)
years to be payable in 2 annual instalment. What
is the amount of annual instalment:
c. C / ((1+r)n- 1/r) × (1+r)
a. 33450
d. C × ((1+r)n -1/r) / (1+r)
b. 33980
c. 34890
138. Which of the following transactions will
result in increase in asset and increase in liability?
d. 35280
a. Payment made to Creditors in cash
142. . If commission is received in advance and
b. Goodwill account written off
adjustment entry is passed, which of the following
will not be true:
c. Issue of Bonus shares
a. It will reduce the commission income
d. Machinery purchased on credit
b. It will reduce the profit
c. It will reduce the net worth
139. The liabilities that are repayable only when
business will be terminated are called:
d. It will be shown on the asset side of the balance
sheet at income received in advance.
a. Fixed liabilities
b. Long term liabilities
143. Which among the following accounting
c. Contingent liabilities
standards deal with inventory valuation:
d. Current liabilities
a. AS-2
b. AS-4
Page 22
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