ROUND 2

2. Revenue, expenses, net income/loss are shown on _______
5. Salaries paid ₹ 10,000 after deduction ₹ 1000 as income tax, ₹ 1500 as employees share of provident fund but before employers’ share of provident fund ₹ 1500.
7. This type of risk is avoidable through proper diversification
11. What does “I” in IGST stands stand for?
16. Person named on will or life insurance policy
17. Accounting is both art and ______
18. Long term assets without any physical existence but, possessing a value are called ______
19. A number that measures the individual's credit worthiness is called ______
20. One unit of ownership in a corporation ,security or limited partnership is called _____

1. You make this if you sell or dispose of a long term asset for more than it cost you .
3. Which is the largest commercial bank of India?
4. due date of a loan where you won't face any consequences if you make a late payment is called _______
6. Gst was introduced in which month ?
8. The banker advances money against immovable property only when the property is ______
9. The aim of setting financial objective is to reduce ________
10. A risk free security has ______ variance
12. The period of 12 months commencing on the first day of April every year and ending on 31st March is called as ______
13. Governor of RBI
14. risk management against financial loss is called _______
15. What do we call the rate at which the Reserve Bank of India lends money to commercial banks?