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CAIIB - ABM- CASE STUDIES / NUMERICAL QUESTIONS

Given,

Corporation tax - Rs. 1000 Crores
Income tax - Rs. 800 Crores
Other taxes and duties - RS. 600 Crores
Customs - RS. 800 Crores
Union exercise tax - Rs. 600 Crores
Service tax - Rs. 500 Crores
Tax of union territories- Rs. 300 Crores
Interst receipt - Rs. 500 Crores
Devident & profit - Rs. 700 Crores
External grant - Rs. 300 Crores
Other non tax revenue - Rs. 1000 Crores
State Share - Rs. 600 Crores
Receipt of union territories - Rs. 800 Crores
Trf to NCCD (National calamity Contingency fund) - Rs. 300 Crores

calculate Net Tax revenue ...

a. Rs 2900 Crores
b. Rs 3700 Crores
c. Rs 4000 Crores
d. Rs 4600 Crores

Ans - b

Solution :

Net Tax Revenue = Gross tax revenue - NCCD transferred to the National Calamity Contingency fund - state share

Gross Tax revenue = Corporation Tax + Income tax + other tax & duties + costoms + union excise duties + service Tax + taxes on union territories
= 1000+800+600+800+600+500+300
= 4600 Crores

Net Tax Revenue = Gross tax revenue - NCCD transferred to the National Calamity Contingency fund - state share
= 4600-300-600
= 3700 Crores
.............................................

Given,

Corporation tax - Rs. 1800 Crores
Income tax - Rs. 1200 Crores
Union exercise tax - Rs. 1100 Crores
Other non tax revenue - Rs. 1500 Crores
Other taxes and duties - RS. 1000 Crores
Customs - RS. 1300 Crores
External grant - Rs. 400 Crores
Service tax - Rs. 750 Crores
Tax of union territories- Rs. 400 Crores
Interst receipt - Rs. 750 Crores
Devident & profit - Rs. 900 Crores
State Share - Rs. 900 Crores
Receipt of union territories - Rs. 1200 Crores
Trf to NCCD (National calamity Contingency fund) - Rs. 450 Crores

Calculate Gross Tax Revenue ...

a. Rs 6800 Crores
b. Rs 7150 Crores
c. Rs 7550 Crores
d. Rs 8300 Crores

Ans - c

Solution :
Gross Tax revenue = Corporation Tax + Income tax + other tax & duties + costoms + union excise duties + service Tax + taxes on union territories
= 1800+1200+1000+1300+1100+750+400
= 7550 Crores
.............................................

Given,

Corporation tax - Rs. 1800 Crores
Income tax - Rs. 1200 Crores
Union exercise tax - Rs. 1100 Crores
Other non tax revenue - Rs. 1500 Crores
Other taxes and duties - RS. 1000 Crores
Customs - RS. 1300 Crores
External grant - Rs. 400 Crores
Service tax - Rs. 750 Crores
Tax of union territories- Rs. 400 Crores
Interst receipt - Rs. 750 Crores
Devident & profit - Rs. 900 Crores
State Share - Rs. 900 Crores
Receipt of union territories - Rs. 1200 Crores
Trf to NCCD (National calamity Contingency fund) - Rs. 450 Crores

calculate Net Tax revenue.

a. Rs 5800 Crores
b. Rs 6200 Crores
c. Rs 6650 Crores
d. Rs 7100 Crores

Ans - b

Solution :

Net Tax Revenue = Gross tax revenue - NCCD transferred to the National Calamity Contingency fund - state share

Gross Tax revenue = Corporation Tax + Income tax + other tax & duties + costoms + union excise duties + service Tax + taxes on union territories
= 1800+1200+1000+1300+1100+750+400
= 7550 Crores

Net Tax Revenue = Gross tax revenue - NCCD transferred to the National Calamity Contingency fund - state share
= 7550-450-900
= 6200 Crores
.............................................

Given,

Recoveries of loan and advance - Rs. 5000 Crores
Misc capital receipt - Rs. 1500 Crores
Market loans - Rs. 1200 Crores
Short term borrowings - Rs. 1800 Crores
External assistance (Net) - Rs. 450 Crores
State provident fund - Rs. 600 Crores
Other receipts (Net) - Rs. 1500 Crores
Securities issued against small savings - Rs. 750 Crores
Recoveries of short term loans and advances from states and loans to govt servants - Rs. 1200 Crores
Total Non Tax Revenue - Rs. 6500 Crores
Net Tax Revenue - Rs. 2500 Crores
Draw down cash balance - Rs. 5500 Crores

Calculate Capital Receipt ...

a. Rs. 8600 Crores
b. Rs. 10100 Crores
c. Rs. 11600 Crores
d. Rs. 12800 Crores

Ans – c

Solution :

Capital Receipt = Non Debt Receipt + Debt Receipt

Let us first calculate Non Debt Receipt,

Non Debt Receipt = Recoveries of loan & advances (duduct recoveries of short term loans & advance from state and loans to govt sarvants) + MISC Capital receipts
= 5000-1200+1500
= 5300 Crores

Now, let us calculate Debt receipt,

Debt Receipt = Market Loans + Short Term Borrowings + External assistance(NET) + Securities issued against Small savings + State provident fund + other Receipts(Net)
= 1200 + 1800 + 450 + 750 + 600 + 1500
= 6300 Crores

Capital Receipt = Non Debt Receipt + Debt Receipt
= 5300 + 6300
= 11600 Crores
.............................................

Given,

Recoveries of loan and advance - Rs. 2000 Crores
Misc capital receipt - Rs. 500 Crores
Market loans - Rs. 500 Crores
Short term borrowings - Rs. 1000 Crores
External assistance (Net) - Rs. 300 Crores
State provident fund - Rs. 400 Crores
Other receipts (Net) - Rs. 1000 Crores
Securities issued against small savings - Rs. 500 Crores
Recoveries of short term loans and advances from states and loans to govt servants - Rs. 800 Crores
Total Non Tax Revenue - Rs. 4000 Crores
Net Tax Revenue - Rs. 1500 Crores
Draw down cash balance - Rs. 3000 Crores

Calculate Capital Receipt ...

a. Rs 3700 Crores
b. Rs 4200 Crores
c. Rs 4700 Crores
d. Rs 5400 Crores

Ans - d

Solution :
Capital Receipt = Non Debt Receipt + Debt Receipt
Let us first calculate Non Debt Receipt,

Non Debt Receipt = Recoveries of loan & advances (duduct recoveries of short term loans & advance from state and loans to govt sarvants) + MISC Capital receipts
= 2000-800+500
= 1700 Crores

Now, let us calculate Debt receipt,
Debt Receipt = Market Loans + Short Term Borrowings + External assistance(NET) + Securities issued against Small savings + State provident fund + other Receipts(Net)
= 500 + 1000 + 300 + 500 + 400 + 1000
= 3700 Crores

Capital Receipt = Non Debt Receipt + Debt Receipt
= 1700 + 3700
= 5400 Crores
.............................................

Given,

Recoveries of loan and advance - Rs. 1200 Crores
Misc capital receipt - Rs. 600 Crores
Market loans - Rs. 500 Crores
Short term borrowings - Rs. 800 Crores
External assistance (Net) - Rs. 300 Crores
State provident fund - Rs. 400 Crores
Other receipts (Net) - Rs. 800 Crores
Securities issued against small savings - Rs. 300 Crores
Recoveries of short term loans and advances from states and loans to govt servents - Rs. 600 Crores
Total Non Tax Revenue - Rs. 3000 Crores
Net Tax Revenue - Rs. 1000 Crores
Draw down cash balance - Rs. 2000 Crores

Calculate Financing of Fiscal Deficit ...

a. Rs 3100 Crores
b. Rs 4700 Crores
c. Rs 5100 Crores
d. Rs 5700 Crores

Ans - c

Solution :

Financing of Fiscal Deficit = Debt Receipt + Draw down cash balance

Now, let us calculate Debt receipt,

Debt Receipt = Market Loans + Short Term Borrowings + External assistance(NET) + Securities issued against Small savings + State provident
fund +
other Receipts(Net)
= 500 + 800 + 300 + 300 + 400 + 800
= 3100 Crores

So,
Financing of Fiscal Deficit = Debt Receipt + Draw down cash balance
= 3100 + 2000
= 5100 Crores

……………………………………………………………………………………………………………………………………………

 


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