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  • Accounting and Finance for Bankers - 3 (JAIIB)
  • Every banking company incorporated in India is required t...
Multiple choice

Every banking company incorporated in India is required to transfer at least ________of its profit to the reserve fund.

  1. 10%

  2. 15%

  3. 25%

  4. 30%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Every banking company incorporated in India is required to transfer at least 25%of its profit to the reserve fund.

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