Multiple choice

Directions: Choose the correct option for the given question.

The Schedule-2 of Banking Companies Act, consists

  1. Capital Reserve

  2. Share Premium

  3. Revenue Reserve

  4. All of these

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Schedule 2 of the Banking Companies Act deals with various types of reserves that banks must maintain. Capital Reserve, Share Premium, and Revenue Reserve are all types of reserves that fall under this schedule, making 'All of these' the correct answer.

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