Question
What is the maximum time period given to the states to
repay the Ways and Means Advances extended to them by the RBI?Solution
Ways and Means Advances are extended by the Reserve Bank of India to the states in order to help them meet the temporary mismatch in the cash flow. The states can repay the advance within a maximum period of 90 days. There is no such facility given to the central government by the central bank. WMA is guided by the Section 17(5) of the RBI Act 1934.
Which of the following statements are correct regarding Pledge?
1. Pledge is a modified form of a contract of bailment, as inferred from its def...
In a negatively skewed distribution
Which of the following best describes a Global Depositary Receipt (GDR)?
Auditor employed in the organisation have been paid 70000. This expense will belong to which among the following category?
ABC Ltd has its Earning before Interest and Tax as 45000. The tax rate applicable for the year is 25%. It has made a capital expenditure of Rs 22500 and...
A Sub-standard asset is a non performing asset that has remained non-performing for a period __ __________
In January 2024, the RBI issued guidelines on the new RBI-Digital Payments Index (DPI). Which of the following parameters carries the highest weight in ...
How much funding did SIDBI receive from the Green Climate Fund to create a $1 billion corpus?
Which of the following entity issues the Jeevan Praman?
Shares of Vinay Ltd. And Sagar Ltd. are currently traded at Rs.100 and Rs. 20 respectively. Vinay Ltd is acquiring Sagar Ltd and the market price of bot...
