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      Question

      A bank has statutory reserve requirement of 25% of Net

      Profit before appropriations. Net Profit before appropriations = β‚Ή40 crore. Transfer to reserve = ?
      A β‚Ή10 crore Correct Answer Incorrect Answer
      B β‚Ή8 crore Correct Answer Incorrect Answer
      C β‚Ή12 crore Correct Answer Incorrect Answer
      D β‚Ή15 crore Correct Answer Incorrect Answer
      E β‚Ή5 crore Correct Answer Incorrect Answer

      Solution

      Statutory requirement = 25% Γ— 40 = 10 crore.

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