Question
What is the correct full form of
ICAAP?Solution
RBI issued guidelines for compensation of key managerial personnel and senior management of non-banking finance companies, RBI said that the finance companies have to constitute a nomination and remuneration committee (NRC), which will have the mandate to oversee the framing, review and implementation of compensation policy of the company with the approval of the board. NRC will also have to work with the risk management committee of the company to achieve effective alignment between compensation and risks. NRC may ensure that compensation levels are supported by the need to retain earnings of the company and the need to maintain adequate capital based on Internal Capital Adequacy Assessment Process (ICAAP). These guidelines are as per the scale-based regulation for NBFCs introduced by RBI in October last year. RBI has said that all the fixed items of compensation, including the perquisites and contributions towards superannuation/retiral benefits, may be treated as part of fixed pay. These guidelines will come into effect from April 1, 2023 and will be effective on all the finance companies, apart from the ones in the base layer. The proportion of variable pay in the total compensation of the management of NBFCs should be commensurate with their role and prudent risk-taking profile and at higher levels of responsibility, the proportion of variable pay should be higher. The board of NBFCs may not offer guaranteed bonuses to the senior management and key managerial personnel.
In each question given below, there is a sentence which has been divided into five parts. One of these parts is not grammatically correct and needs a c...
In the below question, a sentence is given, divided into five parts (A), (B), (C), (D) and (1). There is an error in one of the parts, which makes the ...
The vaccine, when hit the Indian market, was dogged by controversy.
Mike said that they (A)/were in the field house on (B)/the other side of the baseball field (C)/and that he had called in to them (D).
Identify the segment that contains a grammatical error. If there is no error, select 'No error'.
Einstein was an unusual child with no indication...
Find out the error according to the grammar and context of the given sentences. If there is no error, mark option 5, i.e. No error. (Ignore the punctu...
Identify the segment in the sentence that contains a grammatical error-
The village head man attempted to tactful pacify the quarrelling families.
They are looking forward (A)/to meet (B)/their parents. (C)
In the question below, three sentences are given, each divided into four parts, which may or may not contain grammatical errors. From the options, choo...
Identify the segment in the sentence, which contains a grammatical error. If there is no error, select 'No error’.
All of us went seeing th...