Question
While preparing financial statements under Schedule III
of the Companies Act, 2013, which of the following items must mandatorily be disclosed under "Other Comprehensive Income" and not in P&L?Solution
AS/Ind AS require actuarial gains/losses on defined benefit plans to be shown under OCI, not P&L.
Monetary policy in India is formulated by:
The digital payment system UPI, has been developed by which of the following institutions? Â
The process by which a bank converts the cheques and other instruments deposited by customers into cash is known as:
The ‘CAMELS’ approach is a risk assessment method. What does C stand for in CAMELS?Â
A customer reports unauthorized transactions on their digital banking app. Under RBI’s directions, if the customer informs the bank within 3 days, wha...
The 'Basel III' framework primarily focuses on:
What is the maximum term loan sanction permitted for Aadhaar OTP-based e-KYC accounts?
In banking, IRAC stands for:
The CAMELS rating system, used for bank supervision, does NOT include the factor:
As per the Nayak committee, what percentage of its annual projected turnover should a n MSME get as working capital from a bank?
