Question
What is the name of the short-term advance given by the
RBI to the government if it shows the negative balance?Solution
Wage and Means Allowance is the advance which the RBI extends as a short-term interest-bearing advance if the balance in the government account shows a negative position. The limit of this advance is decided and set at the beginning of each financial year.
Which of the following is true about Neo banking in India?
Â
Statement 1: Neo banks are digital-only banks that operate exclusively ...
What new regulatory framework did SEBI introduce to redefine market capitalization computation for listed companies?
Which committee's recommendations form the basis of the modern Working Capital Assessment under the turnover method in India?
Under which of the following type of guarantees, the banker guarantees payment of installments spread over a period?
Which country is projected to have the highest per-capita income growth in the world at 5.4 per cent per annum during 2024-33, according to a report by ...
Which of the following is NOT a benefit of career development and management systems for managers?
As per the RBI’s updated directions, what is the maximum permissible tenor for Non-Convertible Debentures (NCDs) issued by eligible participants?
What does the abbreviation "AIS" stand for in the context of Indian Income Tax?
Which of the following best describes a "bulge bracket" investment bank?
Who among the following can issue Certificate of Deposits to raise short term resources?
