Banking · Financial Statements of Banks
What is the most accurate definition of Gross Profit in the financial statement context of a commercial bank operating in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Net Interest Income (Interest Earned minus Interest Expended) plus the bank's Non-Interest Income.
- 2Total Income (Interest Earned plus Non-Interest Income) before deducting Operating Expenses, Provisions, and Taxes.✓
- 3Total revenue (Interest Earned plus Non-Interest Income) minus all Operating Expenses.
- 4Net Profit after tax and provisions but before extraordinary items.
Correct answer
Total Income (Interest Earned plus Non-Interest Income) before deducting Operating Expenses, Provisions, and Taxes.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Banking?
Practice full-length Banking mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Statements of Banks MCQs →Want more practice questions on Financial Statements of Banks?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Banking · Financial Statements of Banks