Question
Consider the following system regarding the revised FD
bulk limit by RBI- I. The Reserve Bank of India (RBI) decided to raise the criteria for 'bulk deposits' for regional rural banks (RRBs) to Rs 1 crore from the current Rs 15 lakhs in order to raise more funds. II. Accordingly, Bulk Deposit for Regional Rural Banks would now mean Single Rupee term deposits of Rupees one crore and above. III. The single rupee term deposits of Rupees three crore and above for scheduled commercial banks (excluding Regional Rural banks) and Small Finance Banks. Which of the following is/are not correct?ÂSolution
The Reserve Bank of India (RBI) decided to raise the criteria for 'bulk deposits' for regional rural banks (RRBs) to Rs 1 crore from the current Rs 15 lakhs in order to raise more funds. Accordingly, Bulk Deposit for Regional Rural Banks would now mean Single Rupee term deposits of Rupees one crore and above. The single rupee term deposits of Rupees two crore and above for scheduled commercial banks (excluding Regional Rural banks) and Small Finance Banks. This limit is kept unchanged.
Which of the following is an example of transaction in money under GST laws
A bill of exchange drawn on 15th March for 2 months will mature on:
The person in whose Favor a bill is endorsed is called:
The term 'Days of Grace' in relation to a bill of exchange refers to:
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the b...
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Which accounting standard governs the treatment of inventories in India?
The party who is entitled to receive the payment of a bill of exchange is called the:
