Question
What is the purpose of the Clearing Corporation of
India Limited (CCIL) in the Indian capital market?Solution
The Clearing Corporation of India Limited (CCIL) is a subsidiary of the Reserve Bank of India (RBI) and provides centralized clearing and settlement services for trades in the money, government securities, and forex markets. CCIL was established in April 2001 to bring about improvements in the functioning of the market and to ensure the safety and stability of the market. The main function of CCIL is to act as a counterparty to all trades executed in the markets it operates in and to guarantee the settlement of these trades. Hence, option C is correct.
__________ is a systematic examination of the books and records or a business
The cost that is concerned with the determination of the cost of each activity rather than the process is called:
A company registered under section 8 of the Companies Act shall not alter the provisions of its memorandum or articles except with the previous approva...
According to GST Laws, from 1 August 2023, the e-invoicing is mandatory for businesses with annual aggregate turnover of over _______ in any previous fi...
In case of companies depreciation on assets are provided on the basis of -……
Contribution to Pension Scheme notified by the Central Government under section 80CCD (1) provides a deduction for the amount paid or deposited by an em...
The “Designated Director” under the Prevention of Money Laundering Act (PMLA) is responsible for ensuring compliance with the obligations imposed un...
The printer which uses light emitting diodes or liquid crystals to print is ______.
For every debit there will be an equal credit according to
Which of the following commodities are kept outside the scope of GST?
(i) Fresh milk and pasteurised milk
(ii) Soyabeans seeds
(iii...
