Question
For which of the following has the Risk-Based Internal
Audit (RBIA) system been mandated by RBI?Solution
The introduction of Risk-Based Internal Audit (RBIA) system was mandated for all Scheduled Commercial Banks (except Regional Rural Banks. It was decided later to mandate RBIA framework for the following Non-Banking Financial Companies (NBFCs) and Primary (Urban) Co-operative Banks (UCBs): ·        All deposit taking NBFCs, irrespective of their size; ·        All Non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹5,000 crore and above; and ·        All UCBs having asset size of ₹500 crore and above.
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Company reports PAT ₹10 crore, transfers ₹2 crore to General Reserve, pays interim dividend ₹1 crore, proposes final dividend ₹2 crore. Compute ...
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As per the revised National Pension System (NPS) rules, up to what maximum age can a subscriber continue in the scheme?
The observation of people at work that would reveal the one best way to do a task is known as
Under Accounting Standard 5 on Net Profit or Loss for the period, prior period items and changes in accounting policies must be disclosed separately. Wh...
Which among the following would be classified as a part of Internal Liability?
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An amount received from Seema, whose account was previously written off as Bad Debts, should be debited to:
A business availed ITC of ₹2 lakh on inputs used partly for personal purposes. What should it do?
