Question
The National Financial Reporting Authority (NFRA) board
meeting in November 2024 will focus on adopting revised auditing standards primarily for:Solution
Explanation: NFRA's board meeting will discuss revised standards for listed firms and public interest entities, aligning audit practices with international norms.
The 'MCLR' (Marginal Cost of Funds based Lending Rate) system replaced the earlier 'Base Rate' system. What is a key component in calculating MCLR?
What is the primary role of the Central KYC Records Registry (CKYCR)? Â
The "Basle III" norms primarily focus on:
As per the Nayak committee, what percentage of its annual projected turnover should a n MSME get as working capital from a bank?
An Indian exporter raises a Letter of Credit (LC) worth USD 1,00,000. The exchange rate on the LC issuance date is ₹83.50/USD. The bank charges 0.25% ...
In the context of banking, 'Credit Risk' refers to the risk of:
The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
When the RBI increases the "Repo Rate," it generally leads to:
A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue a...
An account is classified as "Doubtful Asset" (for more than 3 years) if it has remained in the NPA category for:
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