Question
Which condition must be met by custodian banks to issue
IPCs, according to the revised RBI guidelines?Solution
Custodian banks are allowed to issue IPCs only if they have agreements that give them an inalienable right over client securities for payout, unless the transactions are pre-funded.
In India, what is the minimum Solvency ratio of insurance company to be maintained?
According to the decision given in the case of Garner vs. Murray, solvent partners have to bear the loss due to insolvency of a partner and have to cate...
With respect to AS 4 (relating to Contingencies and Events), which of the following statement is incorrect?
In the CAMELS approach of risk assessment used for evaluating financial institutions, what does the letter ‘C’ stand for?
______ is levied on the import of goods and/or services.
What is relevant for determination of whether the supply is Intra-state or inter-state in GST?
A company has Net Sales = ₹80 lakh, Cost of Goods Sold = ₹60 lakh, Inventory = ₹15 lakh. What is Inventory Turnover Ratio?
Any decrease in the bank balance is recorded on ______ side of Cash Book and in _______ Column of Pass Book.
A company is offered a trade credit term of "2/10 net 30" by its supplier. If it doesn't take the discount, what is the annualized cost of forgoing the ...
Which of the following statements are required to verify trade creditors?
Statement 1: Obtain the schedule of creditors and examine it with refer...
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