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Balance sheet shows

  • Assets
  • Liabilities
  • Both assets and liabilities
  • Neither of them

Answer: Option C

Similar Questions :

1. Who was the winner of new Rupee symbol contest ?

  • S Ravi Chandra
  • Vijay Singh
  • Anil Agnihotri
  • D Udaya Kumar

Answer: Option D

2. The mineral in which India depends largely on imports is

  • Iron Ore
  • Bauxite
  • Mica
  • Mercury

Answer: Option D

3. What is FEMA ?

  • First Exchange Management Act
  • Foreign Exchequer Management Act
  • Foreign Exchange Management Act
  • Foreign Evaluation Management Act

Answer: Option C

Explanation:

FEMA is Foreign Exchange Management Act, it came into force in July 2000. It replaced Foreign Exchange Regulation Act 1973.

4. The bank which has the highest number of branches in the world is ?

  • State Bank of India
  • RBS
  • London Bank
  • Canara Bank

Answer: Option A

5. States earn maximum revenue through

  • Tax Fines
  • Customs
  • License sales
  • Commercial taxes

Answer: Option D

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