Question
Which of the following would have the primary
responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately managed?Solution
The primary responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately managed should clearly be vested with the Board of Directors. The Board should set risk limits by assessing the bank’s risk and risk bearing capacity. At organisational level, overall risk management should be assigned to an independent Risk Management Committee or Executive Committee of the top Executives that reports directly to the Board of Directors.
Red Data book is the source book which keeps a record of:
Which of the following refers to expenditure that is necessary for the day-to-day functioning of the business, typically not resulting in any asset?
Which of the following is not an accounting principle?
Which one of the following denotes a sequential electronic circuit that is used to store 1-bit of information?
‘A’ and ‘B’ can complete a certain work in 15 days and 12 days, respectively. They started working together and worked till completion of the wo...
According to this approach, the industrial relations system is a study of institutions of job regulations and the stress is on the substantive and proce...
150 litres of mixture ‘A’ (milk + water) contains 36 litres more water than milk. If 50% of mixture ‘A’, 70 litres of milk and 60 litres of wate...
After which constitutional amendment the Santali Language was added in the 8th Schedule as official language?
Consider the following statements in regards to socio religious reformsin India:
1.Brahmo Samaj, the Prarthana Samaj, and the Aligarh Movement we...
Under Sukanya Samriddhi Yojana, what is the maximum amount that can be deposited during a financial year?
