Question
While preparing cash flow statement, an entity (other
than a financial institution) should disclose the dividends received from its investment in shares as:Solution
Explanation :As per AS-3 and Ind AS 7 , for entities other than financial institutions , dividends received are classified as cash inflows from investing activities , because they represent returns on investments in other entities.
Which of the following statements best describes/describe ‘Core Banking Solutions’?
1. It is the networking of a bank’s branches which enab...
When was the first phase of the India Post Payment bank inaugurated?
With reference to the BRICS, consider the following statements-Â
I. The BRICS brings together five of the largest developing countries of the wo...
SMERA Limited, a popular body in the financial world, is a full service?
The Foreign Exchange Management Act,_________ , is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with...
MUDRA Bank is a public sector financial institution in India, it is a subsidiary of ____________ .
The Income calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses is known as:
Consider the following:Â
1. Market borrowing
2. Treasury bills
3. Special securities issued to RBI
Which of these is/are co...
An online service for the verification of identity and submission of life certificates for pensioners of the state government being launched by the stat...
Which of the following will not contribute to a higher current account deficit?
(1) Increase in price of crude oil
(2) Rise in export of s...
