Question
Under which act are hawala transactions prohibited in
India?Solution
Hawala, as it is referred to in the Middle East and South Asia, was commonly used before the advent of modern western banking services. It is essentially an alternative remittance system that facilitates a transfer of money across international borders.
Under the RBI circular titled āParticipation of Standalone Primary Dealers in Non-deliverable Rupee Derivative Marketsā, Standalone Primary Dealers ...
How much did fourteen states and union territories (UTs) raise at the weekly state bond auction, and which state raised the highest amount?
Which of the following can NOT be the Member Lending Institutions for the Pradhan Mantri Mudra Yojana (PMMY)?
As per Section 409 of the Companies Act, 2013, the President of the NCLT shall be a person who is or has been a Judge of a High Court for ________.
What growth forecast for India did S&P Global Ratings retain for FY25?
Who can be the participants in the Call Money Market
1.Ā Ā Ā Scheduled Commercial Banks (excl Local Area Banks)
2.Ā Ā Ā Small Finance Ba...
In which of the following scenarios is an account classified as 'Loss Asset'?
Under the SARFAESI Act, which of the following is a right available to the secured creditor to recover a loan?
What is the scope for mandatory onboarding in TReDS for buyers as per the Union Budget 2024-25?
A company sells a unit for ā¹20. Its fixed cost is ā¹10,000, and the variable cost per unit is ā¹10. What is the contribution per unit?
