Question
As per Ind AS 1, an entity must present a Statement of
Changes in Equity (SOCIE) to show:Solution
The SOCIE includes a) total comprehensive income for the period, showing separately the amounts attributable to owners and NCI; b) the effects of retrospective application of accounting policies; c) reconciliations between the carrying amounts of equity at the beginning and the end of the period.
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?
