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    • Question

      A bank’s Profit before appropriations = ₹20 crore.

      Statutory reserve requirement is 25%. The bank also transfers ₹2 crore to Investment Fluctuation Reserve. How much will be transferred to Statutory Reserve?
      A ₹5 crore Correct Answer Incorrect Answer
      B ₹4 crore Correct Answer Incorrect Answer
      C ₹6 crore Correct Answer Incorrect Answer
      D ₹2 crore Correct Answer Incorrect Answer
      E ₹3 crore Correct Answer Incorrect Answer

      Solution

      Transfer = 25% of 20 crore = 5 crore. IFR transfer is independent.

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