Question
An emolument over and above fixed income or salary
Select the word which means the same as the group of words given.Solution
Perquisite is a benefit or payment received in addition to one's regular salary, often referred to as "perks." The other options are incorrect: Honorarium is a payment given for professional services that are rendered without any expectation of a fixed fee; Sinecure is a position requiring little or no work but giving the holder financial benefit. And "prerogative" is a right or privilege exclusive to an individual or a group.
In the framework of monetary policy, central banks employ various tools to manage liquidity and control inflation within the economy. One such tool invo...
Consider the following statements about Commercial Paper (CP):
1. It is a short-term, unsecured promissory note.
2. Only companies with a ...
What is the minimum threshold of debt for a bank to initiate recovery proceedings under the Recovery of Debts and Bankruptcy (DRT) Act?
'Gearing Ratio' is another name for which of the following?
Under 'Assignment', which of the following is usually transferred to the bank?
In the modern business environment, the concept of Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This c...
What is the 'Base Rate' system replaced by for new loans since 2016?
Consider the revised MSME classification (effective July 2020) and evaluate these statements:
1. The distinction between manufacturing and servic...
The 'Banking Ombudsman' can pass an award for compensation for mental agony/harassment up to:
A 'Hybrid' instrument is one that: