Question
What action did the Reserve Bank of India (RBI) take
against JM Financial Products Ltd. (JMFPL), and why was it taken?Solution
• The Reserve Bank of India has directed regulated entity JM Financial Products Ltd. (JMFPL) to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of loans against Initial Public Offering (IPO) of shares or against subscription to debentures as the entity has been found violating regulatory guidelines. • According to the RBI, It was observed that the company repeatedly helped a group of its customers to bid for various IPO and NCD offerings by using loaned funds. • The credit underwriting was found to be perfunctory, and financing was done against meagre margins. Learn Along About RBI Founded: 1 April 1935                  Headquarters: Mumbai                   Governor: Shaktikanta Das
- Find the value of the expression:
40 + 5 – 7 × [16 + 9 – 3 × (27 – 13)] 8 × (25 % of 720) – 50 % of 135 % of 840 = ?
- What will be come in place of (?) in the given expressions.
(3/4 of 480) – (2/5 of 350) = ? - What will come in place of (?), in the given expression.
√2025 + 35% of 400 = ? 
13/3 – (23/6) = ? – (22/9)
(1296)Â -3/4Â = ?
- What will come in the place of question mark (?) in the given expression?
?² = 28% of 35% of 4500 What will come in the place of question mark (?) in the given expression?
(72 × 6 ÷ 12) × 6 = ?
What will come in the place of question mark (?) in the given expression?
? = 70% of 36% of (25 × 320) + 150
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