Banking Officer Exam Template With Answers Page 23
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29Bank of India Banking Officer Paper – 2017 (Practice Set)
c. AS-9
147. If the proprietor has made certain drawings,
the profit will be calculated as under:
d. AS-11
a. Amount drawings will be added back to the
capital to find out the profit
144. When loss of stock takes place due to theft or
fire etc. it is called:
b. Amount the drawings will be reduced from the
capital to find pout the amount of profit
a. Total loss
c. The amount of drawings has already been
b. Normal loss
accounted for and cash reduced to that extent
c. Contingent loss
d. None of the above
d. Abnormal loss
148. For a capital budgeting expenditure, the net
present value of a project at 18% is Rs.15 lac
145. A sum of rs.2500 has been spent by a firm to
negative, at 10%, it is Rs.12 lac positive and at
replace the worn-out parts of the machinery. This
14%, it is ZERO. The internal rate of return from
will be trusted as:
the project is:
a. Revenue expenditure
a. 18%, as there is deficit
b. Capital expenditure
b. 14%, as it is Zero
c. Deferred revenue expenditure
c. 10% as there is surplus
d. Intangible asset
d. None of the above
146. The balance in the pass books is Rs.54000
149. Expense necessary to produce goods or
and it is observed that bank received Rs.2000
service in a business organization can be classified
through NEFT and also remitted Rs.13000 through
as:
NEFT, as per standing instruction. What is the
balance as per cash book:
a. Outflow of assets
a. 43000
b. Decrease in assets
b. 65000
c. Increase in liabilities
c. 54000
d. All the above
d. 39000
Page 23
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