Question
Which financial tech firm has received regulatory
approval from the Reserve Bank of India (RBI) to operate as a green retail non-deposit taking non-banking financial company?Solution
Eversource-promoted Accretive Cleantech Finance Private Ltd, operating as Ecofy has received regulatory approval from the Reserve Bank of India (RBI) to operate as a non-deposit taking non-banking financial company (NBFC). This makes Ecofy one of its kind green retail NBFC in the country. Ecofy will lend to individuals and small businesses to accelerate the transition towards a net zero carbon world. The company will offer financial solutions for green asset classes such as electric vehicles (two and three-wheelers), rooftop solar and energy-efficiency SMEs. Â
The average due date technique of payment may be used:
Which of the following is NOT a business transaction?
a. Bought furniture of ₹20,000 for business
b. Paid for salaries of employees ₹5...
ARP is a manufacturing concern. It came to you with the following details to know its profit:
Variable Cost: ₹ 50,000
Fixed Cost ₹ 20,...
What is the 'Front Office' primarily responsible for in a Bank’s Treasury?
What banking transaction involves the exchange of one currency for another at the prevailing exchange rate?
A statutory auditor of a company needs to report fraud/suspected fraud within _____ of his/her knowledge of the fraud.
X & Y share profits in the ratio of 1: 4. Z has been admitted with ½ shares in profits. What will be the new profit sharing ratio of the partners?Â
 Internal auditor is removed and appointed by which among the following?
A company has EPS ₹10 and number of shares 1,00,000. Net profit is:
What does the term "Surrender Value" signify in the context of insurance policies?
