Question
Which of the following statements about Mortgage are not true? 1. Under a mortgage, the legal ownership of the asset can be transferred to the lender if the borrower defaults on the loan amount 2. The borrower continues to remain in possession of the property 3. A mortgage is usually used for movable assets 4. There is a government guarantee involved always.
More Financial Statement and Ratio Analysis Questions
- The excess of the carrying amount of an asset over its recoverable amount is known as ________ and is recognised as ________.
- A company’s current ratio is 1.5:1 and current liabilities are ₹4,00,000. What are its current assets?
- Which of the following best differentiates impairment from depreciation?
- A company has the following details for the year: • Net Income = ₹5,00,000 • Preferred Dividends = ₹50,000 • Outstanding Shares (Common Stock) = 200,000...
- Given: Net Profit ₹4,00,000; Tax Rate 30%; Equity Share Capital ₹10,00,000 (Face Value ₹10). The Return on Equity (ROE) is:
- Which of the following is not a source of funds for a company?
- The PBT of a company is 2,00,000, preference dividend Rs.25,000, and taxes paid Rs.15,000. The number of equity shares is 1,00,000. The earnings per share ...
- A company is required to disclose the details of shareholders holding shares above a certain threshold in its financial statements. What is this threshold?...
- A company earned a Net Profit of ₹1,00,000. If the Net Sales is ₹12,50,000, out of which ₹10,00,000 is cash sales and remaining is credit sales, what is th...
- The business organization prepares the set of financial statements. Which option is not a part of financial statement?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)