Page 78 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs

c) Higher of the two
d) Both the Active Loan & the Personal Loan

BA.12 SM21
The auditor of a nationalised bank is to be appointed by:-
a) The Bank concerned through its Board of Directors
b) Shareholders in Annual General Meeting
c) Comptroller & Auditor General of India
d) Ministry of Corporate Affairs

BA.13 SM21/M23M
The LFAR is to be submitted before _______every year
a) 30th April
b) 31st May
c) 30th June
d) 30th September

BA.14 SM21/M23R
The term “Drawing Power” is associated with which of the following facilities as sanctioned by any
Bank :-

a) Letter of Credit
b) Term Loan
c) Staff Advances
d) Cash Credit Limit

BA.15 #Unique SM21
Which of the following is a Non-Funded facility as sanctioned by any bank :-
a) Bank Guarantee
b) Term Loan
c) Staff Advances
d) Bank Overdraft

BA.16 M22M
The auditors should classify Credit card accounts as NPA, if ___________ amount due, as mentioned
in the credit card statement is not paid fully within ___________ days from next statement date.

a) Total, 90
b) Minimum, 90
c) Minimum, 30
d) Minimum, 60

BA.17 M22M
A Ltd. has been assigned a Cash Credit limit of INR 20 lacs as against its Book Debts furnished as
security. What kind of Security creation is it?

a) Pledge
b) Mortgage
c) Assignment
d) (Set-off

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