Final answer:
A bank's balance sheet lists assets and liabilities. Non-current liabilities are long-term debts that are not expected to be fully repaid within one year. An objective test would involve factual identification and understanding of non-current liabilities, while an example test would require analysis and interpretation of the impact of these liabilities.
Step-by-step explanation:
A bank's balance sheet is an accounting tool that lists assets and liabilities. Assets are something of value that a bank owns, such as cash, reserves, loans to customers, and bonds. Liabilities, on the other hand, are debts or obligations that the bank owes to others. Non-current liabilities are long-term debts that are not expected to be fully repaid within one year and include items such as long-term loans and bonds.An objective test regarding non-current liabilities on a bank's balance sheet would involve questions that require factual identification and understanding of these types of liabilities. For example, the test may ask students to identify and calculate the amount of non-current liabilities based on provided information or distinguish between current and non-current liabilities in a given scenario.
On the other hand, an example test regarding non-current liabilities on a bank's balance sheet may present real-world scenarios or case studies where students have to analyze and interpret the impact of non-current liabilities on a bank's financial position. Students may be asked to evaluate the potential risks associated with a bank having a high level of non-current liabilities or suggest strategies to manage and reduce these liabilities.