1. Which of the following is included in “Interest Earned” in Profit & loss A/c of a bank?...
A) Discount on Bills ✓
B) Loan Processing fees
C) Commission on bills for collection
D) Credit Card Fees
CA Intermediate Paper 5
Audit of Banks
16 Questions from ICAI Mock Test Papers
Questions
16
Est. Time
32 min
Source
ICAI MTPs
Question 1 of 16 0 correct | 0 wrong
Explanation:
Key Concept:
Exam Tip:
Keyboard: 1-4 to select, ← → to navigate
Sample Questions: Auditing
Preview 3 of 16 questions from ICAI MTPs
2. While auditing advances of a bank as statutory auditor, which of the following is not a likely concern of auditor?...
A) Appropriate documentation of advances
B) Ensuring budgeted targets of advances given by bank management ✓
C) Compliance of sanctioned terms and conditions
D) Operations in advance accounts
3. Any amount due to the bank under any credit facility is ‘overdue’ if: -...
A) it is not paid on the due date fixed by the bank ✓
B) it is not paid within 30 days of due date fixed by the bank
C) it is not paid within 60 days of due date fixed by the bank
D) it is not paid within 90 days of due date fixed by the bank