Risks that could arise due to legal actions or uncertainty of interpretations of contracts & agreements is called
The legal risks primarily arise either due to lack of clarity of the documentation of the product or the act of the counterparty. Change in legal environment due to legislative changes and Court interpretations/proceedings also result in legal risk. Legal risk includes risk of non-enforceability of contract or in-correct documentation resulting in the increased probability of loss. Broadly, legal risks may result in (i) claims against institution, (ii) fines, penalties, punitive damages, (iii) unenforceable contracts resulting from defective documentation, and (iv) loss of institutional reputation
The Rapid Financing Instrument (RFI) was sometimes seen in the News. This instrument belongs to ___________.
The Balance of Payments of a country is a systematic record of
A cheque which has been written by the maker and dated at some point in the past is known as—
With reference to ‘Financial Stability and Development Council’, consider the following statements :
1. It is an organ of NITI Aayog.
...
Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct?
1. It is a minimum guaranteed pension scheme mainly target...
Which of the following has been awarded the Digital India Awards in “Digital Empowerment of Citizens” category?
With reference to the Purchasing Managers’ Index, consider the following statements:
I. The index shows trends in both the manufacturing and se...
Consider the following statements with respect to the Non Performing Asset-
I.NPA refers to a classification for loans or advances that are in de...
The first Indian Bank to introduce ‘Smart Vault’, a fully automated locker facility using robotic technology to access lockers from the safe vault i...
When did Indian became the member of International Energy Agency?
