Question
Which type of operational risk event does tax evasion
falls into Basel II?Solution
The following lists the seven official Basel II event types with some examples for each category: Internal Fraud – misappropriation of assets, tax evasion, intentional mismarking of positions, bribery. External Fraud – theft of information, hacking damage, third-party theft and forgery Employment Practices and Workplace Safety – discrimination, workers compensation, employee health and safety Clients, Products, and Business Practice – market manipulation, antitrust, improper trade, product defects, fiduciary breaches, account churning Damage to Physical Assets – natural disasters, terrorism, vandalism Business Disruption and Systems Failures – utility disruptions, software failures, hardware failures Execution, Delivery, and Process Management – data entry errors, accounting errors, failed mandatory reporting, negligent loss of client assets.
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?
