MCom Part II SEM III 2022 2023 Jun 2023 BANKING & FINANCE ACCOUNTING OF BANKING SECTOR Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures to right indicate full marks
2. Q1 (A) What are banking companies? Explain the features of Banking Companies. 8 marks
   • (B) What are the various types of Bank Products and Services. 7
   • (C) What are the various types of Bank? Explain any 4 8
   • (D) Explain the various phases of growth and development of Banking in India. 7
3. Q2 (A) Discuss the highlights of Banking Regulation Act1949 8 marks
   • (B) What is interest ? Explain simple and compound interest. 7
   • (C) Give an overview of Financial statement of Bank and Discuss items to be included Financial Statement of Banks. (08)
   • (D) Give brief view on “Basel I’ , ‘Basel II’ and ‘Basel III’. 7
4. Q3 (A) The following figures are taken from the books of Ahmednagar Bank Ltd For the year ending 31“ March 2021. (15) Particulars Rs in Depreciation of Bank Property 62 Interest on overdraft 5000 Commission and Exchange 390 Salary and wages 420 Rent and Taxes 140 Postage and Telegram 122 Printing and Stationary 300 Profit on sale of Investment 180 Loss on sale of Investment 76
5. Q1 A dividend of Rs. 2,00,000 is proposed by the Board of Director
6. Q2 The Profit and Loss account had a Opening balance of Rs.10,00,000
7. Q3 An advance of Rs. 5,68,000 has become doubtful a and it is expected that only 50% Of the amount due can be recovered from the security
8. Q4 The Provision for Tax be made at 35% Prepared Profit and Loss Account of the Ahmednagar Bank Ltd. for the year ending Paper Subject Code: 72213 Group C : Banking & Finance : Accounting of Banking Sector
   • (B) From the following balances, prepared Balance Sheet of Mumbai Bank Ltd. for the year ended march 2021 Appropriation of Statutory Reserve 400 Borrowing from RBI 2,400 Borrowing from other banks 10,540 Cash in hand 1,400 Balance with RBI 2,540 Money at call and short notice 4,500 Investment in Government 2,800 Investment in Share 2,500 The authorized capital of the bank is Rs. 50,00,000 divided in 5,00,000 shares of the face value of Rs.10 each. Investment in shares include 1,00,000 shares in Ajay Auto @ 4 per share where as the face value of the share of Rs. 10 The bank has bills for collection to the extent of Rs. 10,00,000
9. Q4 (A) State whether the following statements are True or False.(Any 8) 8 marks
10. Q1 Amortization is a gradual and systematic writing off of an asset or an account over an appropriate period
11. Q2 Banks accounting system is based on Single entry system
12. Q3 Balance sheet shows the profitability of a unit
13. Q4 Cash book is an example of General book
14. Q5 Interest on Capital is gain for the business
15. Q6 Bank show the provision for income tax under the head of other liability
16. Q7 Profit and Loss account of Banking company is prepared in form ‘A’
17. Q8 Repair and Maintenance charges are shown in Schedule no. 12 marks
18. Q9 for Equated Mortgage Instalment
19. Q10 ATM stands for Automated teller Machine Paper Subject Code: 72213 Group C : Banking & Finance : Accounting of Banking Sector
    • (B) Choose the appropriate options given below. (Any 7) 7
20. Q1 Which words used in French for
    • c)Bank d) Deposit
21. Q2 The Bank shows bills purchased and discounted under the head
22. Q3 Which of under section Regulation act provides preparation of bank account in prescribe form
    • a) Section 19 Section 29
23. Q4 Postage and Telegram shown under
24. Q5 AS-2
    • a) Cash flow statement b) Valuation of inventories d) Leases
25. Q6 NPA norms are applicable for District Central Co-operative Banks from the
26. Q7 Total equity
    • a) Owners equity b) Deposit and d) Fixed asset
27. Q8 Following is not a type of Bank
    • (C) Write short notes. (Any 3) 15
28. Q2 Concurrent Audit
29. Q4 Recurring Deposit

Read from the scan above, so a character or two may differ. The scan is the original.