Navigate

Question Detail

Balance sheet shows

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

Answer: Option C

Similar Questions :

1. Sales Tax is

  • Direct Tax
  • Indirect Tax
  • Tax imposed by central government
  • Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

2. Life Insurance Corporation (LIC) of India was established in ?

  • 1955
  • 1956
  • 1957
  • 1958

Answer: Option B

Explanation:

Life Insurance Corporation (LIC) of India was established in September 1956.

3. Reserve bank of India was established on

  • 1st April, 1935
  • 1st April, 1936
  • 1st April, 1937
  • 1st April, 1938

Answer: Option A

Explanation:

Reserve bank of India was established on 1st April, 1935. It was nationalized on 1st January, 1949.

4. What is term Hot Money used for ?

  • black money
  • white money
  • a money which is hard to come but easy to go
  • a money which comes easily and goes easily too

Answer: Option D

5. The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called ?

  • Statutory Liquid Ratio
  • Cash Reserve Ratio
  • Liquid Ratio
  • Statutory Ratio

Answer: Option A

Read more from - Indian Economy Questions Answers