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    Question

    A bank has statutory reserve requirement of 25% of Net

    Profit before appropriations. Net Profit before appropriations = тВ╣40 crore. Transfer to reserve = ?
    A тВ╣10 crore Correct Answer Incorrect Answer
    B тВ╣8 crore Correct Answer Incorrect Answer
    C тВ╣12 crore Correct Answer Incorrect Answer
    D тВ╣15 crore Correct Answer Incorrect Answer
    E тВ╣5 crore Correct Answer Incorrect Answer

    Solution

    Statutory requirement = 25% ├Ч 40 = 10 crore.

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