Question
As per RBI's regulatory framework (2022), a microfinance
loan is defined as a collateral-free loan given to a household with annual income up to how much?Solution
As per the updated RBI definition (March 2022), a microfinance loan is defined as a collateral-free loan to a household whose annual income does not exceed â‚ą3 lakh, regardless of the lending institution (banks, NBFCs, MFIs, etc.). This uniform definition aims to expand access to small borrowers and harmonize credit assessment norms across lenders.
An audit which is authorized, governed and made compulsory under law is known as:
An expansionary (inflationary) gap occurs when:
In case a company considers a discounting factor higher than the cost of capital for arriving at present values, the present values of cash inflows will...
The maximum period for which an individual can be appointed as an auditor of a company is:
The matching principle in accounting means:
Which among the following would be classified as a part of Internal Liability?
What does the term "Surrender Value" signify in the context of insurance policies?
As per AS 9 (Revenue Recognition), revenue from sales of goods should be recognized when:
Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as_________.
A supply comprising of two or more supplies shall be treated as the supply of that particular supply that attracts highest rate of tax.
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