Question
The asset size of a non-banking finance company should
be _____________ or more in order for it to be identified as a systemically important NBFC.Solution
NBFCs in India provide most of the banking services without meeting the legal requirements of a banking company. Such organizations are registered as per the provisions of the Companies Act 1956. NBFCs whose asset size is Rs 500 crores or more are mainly identified as the systemically important NBFCs in the country.
As per Companies Act 2013, a related party transaction (RPT) like sale, purchase or supply of any goods or materials can be undertaken after prior appro...
Consider the following statements regarding Economic survey 2022-23:
1) In FY23, retail inflation was mainly driven by higher food infla...
A manufacturing company experiences frequent fluctuations in production volume due to seasonal demand. Management wants a budgeting system that revises ...
Long-term borrowings are essential for supporting a company's large-scale investments and capital expenditures. These borrowings typically have extended...
What does the capability approach focus on in achieving justice?
Which of the following is a digital lending platform initiated by the Government of India to facilitate MSME loans?
The Recovery of Debts and Bankruptcy Act (RDBA) applies to cases where debt exceeds:
A manufacturing company is considering expanding its production capacity by acquiring new machinery. The company is exploring the option of leasing the ...
Which of the techniques are not known for controlling wastages?
A company manufactures two products, P and Q. The overhead costs and related activity drivers are as follows:
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