A bank has liquid assets of 270 and demand plus time liabilities of 1,500. What is its SLR?
A15 percent
B16 percent
C20 percent
D18 percent
Answer & Solution
Correct answer: D. 18 percent
SLR is liquid assets divided by demand plus time liabilities, so 270 / 1,500 x 100 gives 18 percent.
Keep practising Special Features of Audit of Banks and Non-Banking Financial Companies
Browse all Special Features of Audit of Banks and Non-Banking Financial Companies questions for CA Final, or explore more Auditing topics.
Related questions
Under s.17, what must a profitable bank do before declaring dividend?A bank trades in groceries for profit. Which section does this breach?Which of these is an example of a non-banking financial institution?An NBFC differs from a bank in that it is what?A loan is generally non-performing when payments of interest and principal are past due byWhich formula gives SLR? (DTL = demand plus time liabilities)Raising SLR is generally used by RBI for what purpose?The statutory liquidity ratio is expressed as a percentage of which bank amount?