Home
Class 14
GENERAL KNOWLEDGE
The ‘Hyderabad Fund’ had been held by th...

The ‘Hyderabad Fund’ had been held by the _____ in the account of the High Commissioner of Pakistan to the UK, Habib Ibrahim Rahimtoola.

A

1.National Westminster Bank

B

2.Bank of England

C

3.Butterfield Private Bank

D

4.Kingdom Bank

Text Solution

Verified by Experts

The correct Answer is:
A
Explanation: The UK High Court rules in the favour of India in Hyderabad Funds case. The UK High Court today upheld the claims of India in the 70 years old £35 million fund that is being held by the National Westminster Bank in London.
Promotional Banner

Topper's Solved these Questions

Similar Questions

Explore conceptually related problems

Pass Journal entries to rectify the following errors: (i) A purchases of goods from Ram amounting to Rs. 1,500 has been wrongly passed through the Sales Book. (ii) A credit sale of goods of Rs. 1,200 to Ramesh has been wrongly through the Purchases Book. (iii) An amount of Rs. 2,000 due from Mahesh, which had been written off as Bad Debt in previous year, was unexpectedly recovered and has been posted to the personal account of Mahesh. (iv) A cheque for Rs. 1,000 received from Manmohan was dishonoured and had been posted to the debit of the Sales Return Account. (v) Rs. 5,000 paid on account of salary to the cashier Dhawan stands debited to his Personal Account.

Bald Eagle had been at high risk of extinction due to its

Pass the rectifying entries for the following transactions: (i) An amount of Rs. 2,000 received from Mohan on 1st April, 2019 had been entered in the Cash Book as having been received on 31st March, 2019. (ii) The balance in the account of Rahim Rs. 1,000 had been written off as bad but no other account has been debited. (iii) An addition in the Return Inward Book had been cast Rs. 100 short. (iv) A cheque for Rs. 200 drawn for the Petty Cash Account has been posted in the account of Asif. (v) A discounted Bill of Exchange for Rs. 20,000 returned by the firm's bank had been credited to the Bank Account and debited to Bills Receivable Account. A cheque was received later from the customer for Rs. 20,000 and duly paid. [Hint: (v) Dr. Customer's A/c and Cr. Bills Receivable A/c by Rs. 20,000.]

(i) What are the different causes that make a Trial Balance incorrect? (ii) Pass the rectifying Journal entries: (a) A credit sale of goods for Rs. 2,500 to Krishna has been wrongly passed through the Purchases Book. (b) Rs. 5,000 paid for freight on machinery purchased was debited to the Freight Account as Rs. 500. (c ) The Return Inward Book has been wrongly overcasted by Rs. 100. (d) An amount of Rs. 500 due from Ramesh which had been written off as bad debt in previous year was recovered and had been posted to the Personal Account of Ramesh. (e) A sum of Rs. 460 owed by Hari had not been included in the list of debtors.

Rectiy the following errors: (i) Total of one page of the Sales Book was carried forward to the next page as Rs. 2,785 instead of Rs. 2,587. (ii) A cheque of Rs. 400 received from Mohan was dishonoured and had been posted to the debit side of the 'Allowance Account'. (ii) Return of goods worth Rs. 5,000 by a customer was entered in the Purchases Return Book. (iv) Sum of Rs. 200 owed by 'X' has been included in the list of Sunday Creditors. (v) Sale of old furniture worth Rs. 430 was credited to the Sales Account as Rs. 340.

Josh and Krish are partners sharing profits and losses in the ratio of 3:1. Their capitals at the end of the financial year 2015-2016 were Rs. 1,50,000 and Rs. 75,000. During the year 2015-2016, Josh’s drawings were Rs. 20,000 and the drawings of Krish were Rs. 5,000, which had been duly debited to partner’s capital accounts. Profit before charging interest on capital for the year was Rs. 16,000. The same had also been debited in their profit sharing ratio. Krish had brought additional capital of Rs. 16,000 on October 1, 2015. Calculate interest on capital @ 12% p.a. for the year 2015-2016

On checking Ram's Cash Book with the bank statement of his overdraft current account for the month of November 2014, you find the following : (a) Cash Book showed an overdraft of ₹16,200. (b) The payment side of the Cash Book undercast by ₹500. ( c) A cheque for ₹13,600 drawn on his saving deposit account has been wrongly recorded as drawn on current account in Cash Book. (d) Cheques amounting to ₹18,800 drawn and entered in the Cash Book had not been presented. (e ) Cheques amounting to ₹7,500 sent to the dark for collection though entered in the Cash Book, had not been credited by the bank. (f) bank charge of ₹150 as per bank statement of account had not been taken in the Cash Book. Deividend of the amount of ₹420 had been paid direct to the bank and entered in the Cash Book. You are requested to arrive at the balance as it would appear in the bank statement as on 30th November 2014.

PINNACLE-CURRENT AFFAIRS-Miscellaneous.
  1. The Indian Railways has integrated its helpline numbers into a single ...

    Text Solution

    |

  2. The Indian Army is set to commission the first batch of women soldiers...

    Text Solution

    |

  3. The ‘Hyderabad Fund’ had been held by the in the account of the High ...

    Text Solution

    |

  4. The excavated remains of found near Patna in Bihar was inscribed as a...

    Text Solution

    |

  5. Which of the following companies has roped in cricketer Harbhajan Sing...

    Text Solution

    |

  6. The International Naval event 'Milan' is scheduled to be held in in M...

    Text Solution

    |

  7. According to data available as of 2019, how many national parks are si...

    Text Solution

    |

  8. UN Women propose to partner with gender park with an aim to secure ge...

    Text Solution

    |

  9. In July 2019, which among the following operations was launched by the...

    Text Solution

    |

  10. W hich of the following regions has earned Geographical Indication for...

    Text Solution

    |

  11. India holds theposition in the production of cows’ milk as of January ...

    Text Solution

    |

  12. In January 2020, with which country did India sign a MoU for a content...

    Text Solution

    |

  13. Which of the following countries had the highest number of new born ba...

    Text Solution

    |

  14. In which of the following Indian airports will the Wings India 2020, i...

    Text Solution

    |

  15. Which of the following Indian movies was nominated for the 92nd Oscar ...

    Text Solution

    |

  16. Which of the following railway stations has been certified by FSSAI as...

    Text Solution

    |

  17. In December 2019, the Rohtang passageway in Himachal Pradesh was renam...

    Text Solution

    |

  18. What is the name of the anti-hijacking exercise conducted by the India...

    Text Solution

    |

  19. What does ' A' stand for in 'UDAN', the initiative of the Civil Aviati...

    Text Solution

    |

  20. Which company recently became the 1st Indian company to hit the 10 Lak...

    Text Solution

    |