Question
The credit control committee should be headed by which
of the following?Solution
Each bank should constitute a high level Credit Policy Committee, also called Credit Risk Management Committee or Credit Control Committee etc. to deal with issues relating to credit policy and procedures and to analyse, manage and control credit risk on a bank wide basis. The Committee should be headed by the Chairman/CEO/ED , and should comprise heads of Credit Department, Treasury, Credit Risk Management Department (CRMD) and the Chief Economist.
Under GST, the 'Place of Supply' rules primarily determine:
Which of the following statements correctly describes the Risk-Based Supervision (RBS) framework of RBI?
A bill discounted or purchased (with recourse) by a bank becomes a Non-Performing Asset (NPA) if the bill remains overdue for more than how many days?
Company XYZ has purchased a new machinery to expand its production capacity. This purchase of Fixed Asset will _________
_________ is a method to sell securities to the existing shareholders of a company.
Under Income tax, how much deduction is allowed for tuition fee of children?
A company with paid-up equity capital of ₹20,00,000 and free reserves of ₹30,00,000 decides to buy back shares worth ₹15,00,000. The debt-equity r...
The budget that estimates the expected cash inflows and outflows for a future period is the:
Depreciation is appearing in the 'Trial Balance' of a firm. At the time of preparing 'Annual Accounts', it should be shown in:
Which of the following categories of inventory are generally reported by companies in their financial statements?
