New Enroll in RBI Grade B New Batch - Starts on May 21

Question

Which one of the following statements is

correct?

A Capital reserves Capital reserves are normally created out of free or distributable profits.

B Dividend equalization reserve is an example of general reserve.

C General reserve can be used only for some specific purposes.

D Provision' is a charge against profit.

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Relevant for Exams:

UPSC EPFO (APFC)