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Question 1 reset
Banking companies which are __________ have to maintain cash reserve under Section 18 of the BR Act.
Question 2 reset
The liquid assets to be maintained under Section 24(2A) of BR Act are __________ of the balances maintained under Section 42 of the RBI Act.
Question 3 reset
The payment of penalty under Section 24 of BR Act can be enforced by making an application before
Question 4 reset
Only scheduled banks have a duty to maintain cash reserve under Section 42 of the Reserve Bank of India Act.
Question 5 reset
Every banking company has to maintain the liquid assets as required under Section 24 of the Banking Regulation Act.
Question 6 reset
The share capital and reserves of a banking company form part of its demand and time liabilities for the purpose of Section 42 of the RBI Act.
Question 7 reset
The cash reserve required under Section 42(1) of the RBI Act will be a minimum of 3% of the demand and time liabilities.
Question 8 reset
Interest is payable to scheduled banks on the cash reserve maintained as required under Section 42(1) of the RBI Act.
Question 9 reset
No banking company incorporated in India is required to maintain reserve fund under Section 17(1) of the BR Act.
Question 10 reset
A banking company has to prepare profit and loss accounts and balance sheet as at the __________ or at the expiration of twelve months ending with such date as notified by the Central Government.

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