Question
A lender relies on various sources of information to
confirm a business’ operational and financial data . Which of the following documents are used by a lender for this purpose ?  A. Bank statements  B. GST returns  C. IT returns ÂSolution
As part of due diligence, a bank/lender must use various internal and external sources to assess the credit profile of a borrower. This would include: Â
- Internal Sources (Existing to the Bank-Past track, personal credit history of promoters)Â Â
- External Databases (CRILC, CIBIL, ROC, CERSAI , wilful defaulter list, credit fraud registry, etc )Â Â
- Documents submitted by the client (Annual report/Bank statements/GST /ITR )Â Â
- Market Feedback Â
- Visit to the borrower ’s residence/office/plant etc. without prior permission and gather information from nearby available sources. Â
Ratio of cost price of article ‘M’ and article ‘N’ is 5:6, respectively. Profit percentage earned on selling article ‘M’ is same as loss pe...
The combined average cost price of two items, Almonds and Walnuts, is Rs. 450. If Almonds are sold at a profit of 50% and Walnuts at a loss of 25%, resu...
A table is marked (z+5)% above its cost price and a discount of 35% was given on it while selling. If the cost price of the table is Rs. 1485 more than ...
A shopkeeper marked an article P% above its cost price and sold it for Rs. 1080 after giving a discount of 20%. If the ratio of cost price and selling p...
A person earn 40% profit on the marked price. If he doubled the marked price but gave 40% discount on the new marked price then how much percentage of p...
A merchant fixed the selling price of his articles at 675 after adding 35% profit to the cost price. As the sale was very low at this price level, he de...
A shopkeeper sells two articles at Rs 1,200 each. On one he gains 20% and on the other he loses 20%. Find his overall gain or loss percent.
A saree having cost price of Rs. 1300 is marked up by 50% above its cost price and sold after offering two successive discounts of 10% and 20% respectiv...
A man purchased a book for an amount equal to the simple interest earned on Rs. 6000 lent to a friend for 2 years at an interest rate of 4% per annum. I...
The cost price of two cameras 'C' and 'D' is Rs. 40,000 and Rs. 50,000 respectively. The shopkeeper marked up the prices of camera 'C' and 'D' by 60% an...