Page 80 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs

BA.23 SM23
Any amount due to the bank under any credit facility is ‘overdue’ if: -
a) it is not paid on the due date fixed by the bank
b) it is not paid within 30 days of due date fixed by the bank
c) it is not paid within 60 days of due date fixed by the bank
d) it is not paid within 90 days of due date fixed by the bank

BA.24 SM23
Which of the following statement is true regarding appointment of statutory branch auditor of a
nationalized bank?
a) The appointment is made by bank acting through its board of directors with prior approval of
Central govt.
b) The appointment is made by bank acting through its board of directors with prior approval of
RBI.
c) The appointment is made by bank acting through its board of directors with prior approval of
ICAI.
d) The appointment is made by shareholders in AGM.

BA.25 SM23
Identify the correct statement:
a) Income from non-performing assets is recognized on accrual basis
b) Income from non-performing assets is never recognized.

c) Income from non-performing assets is recognized on basis of actual recovery
d) Income from non-performing assets is recognized only when such assets are upgraded to
standard assets

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