Question
What is the key amendment in the provision regarding
business credit cards issued by card-issuers to business entities/individuals for business expenses? ÂSolution
Inclusion of an effective mechanism to monitor end use of funds  Explanation: The key amendment in the provision is the inclusion of a requirement for card-issuers to put in place an effective mechanism to monitor the end use of funds for business credit cards issued to business entities/individuals for business expenses. Â
If an individual is unable to pay back the overdraft taken by him it is known as
A setup in which group of individuals or entities decides to pool resources towards fulfilling a debt or financing a single borrower wherein the setup i...
SIDBI guided the ranking model for MSME lending by CIBIL, known as the FIT Rank. What data forms the basis of this rank? Â
Which of the following is true about Neo banking in India?
Â
Statement 1: Neo banks are digital-only banks that operate exclusively ...
Calculate Gross profit ratio:
What is the new INR Swap Window support included in the SAARC Currency Swap Framework for 2024-2027?
What is the subsidy provided to a micro enterprise for ZED Certification so as to encourage and enable MSMEs for manufacturing of quality products using...
What is C in PNCPS
Stand Up India Scheme was launched in 2016 for facilitating credit to SC/ST and Women entrepreneurs. What is the minimum amount of bank loan a benefici...
Sudhir, a project manager, wants to ensure that his employees are highly productive and satisfied with their jobs. Sudhir sets high goals and a clear d...
