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The Nayak Committee was set up by the Reserve Bank of India in December 1991 to review the working capital requirements of small and medium-sized enterprises (MSMEs). The committee recommended that MSMEs should have 20% of their annual projected turnover as working capital. Note - the working capital requirement of the MSME unit is calculated at 25% of the annual projected turnover . Out of the said Working Capital requirement:
ABC Inc’s Income statement shows a sale of Rs 2000, COGS of Rs 800, Pre-Interest Operating Expenses of Rs 600 and Interest expenses of Rs 200. Intere...
When the coupon of a bond is less than the market risk free interest rate, it will trade at
Tobin Tax is applicable on which of the following?
The RBI uses the PCA framework to keep track of banks with poor financial performance, this framework was introduced in:
Which of the following initiatives by RBI has NOT helped in financial inclusion?
Depreciation would be classified as:
Which of the following best describes the ‘Open interest’ in stock market?
If the cost of machinery is Rs.5 lakh, the life of the machinery is expected to be 5 years, and rate of depreciation is 10%, what will be the differenc...
In case the borrower fails to discharge his liability in full within the period specified in section 13(2) of SARFAESI ACT 2002, the secured creditor m...
Small Finance Banks’ (SFB) major goal is to promote and provide banking services to the underbanked and underprivileged segments of society, the prop...
