Question
Ind AS are notified by which of the
following?Solution
Ind AS, short for Indian Accounting Standards, are notified by the Ministry of Corporate Affairs (MCA). These standards are converged with the International Financial Reporting Standards (IFRS) to enhance the comparability of financial statements of Indian companies globally. The MCA has the authority to issue and enforce these standards for companies in India. Other options like MoF, SEBI, RBI, and ICAI, although significant in the financial regulatory framework, do not have the authority to notify Ind AS.
Which of the following statements best describes/describe ‘Core Banking Solutions’?
1. It is the networking of a bank’s branches which enab...
When was the first phase of the India Post Payment bank inaugurated?
With reference to the BRICS, consider the following statements-Â
I. The BRICS brings together five of the largest developing countries of the wo...
SMERA Limited, a popular body in the financial world, is a full service?
The Foreign Exchange Management Act,_________ , is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with...
MUDRA Bank is a public sector financial institution in India, it is a subsidiary of ____________ .
The Income calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses is known as:
Consider the following:Â
1. Market borrowing
2. Treasury bills
3. Special securities issued to RBI
Which of these is/are co...
An online service for the verification of identity and submission of life certificates for pensioners of the state government being launched by the stat...
Which of the following will not contribute to a higher current account deficit?
(1) Increase in price of crude oil
(2) Rise in export of s...
