Question
Which bank was penalized ₹97.80 lakh by the RBI for
violations including non-compliance with cybersecurity norms and delayed reporting of cyber incidents?Solution
ICICI Bank was fined ₹97.80 lakh for multiple violations, including failure to comply with cybersecurity, KYC, and debit/credit card regulations. It also delayed reporting cyber incidents and charged late fees without billing customers—serious lapses under Section 47A(1)(c).
‘Farhan’ started a business by investing Rs. 1,000. After 8 months, ‘Gautam’ joined him with 120% of Farhan’s investment. If the total profit ...
‘C’ and ‘D’ started a business by investing Rs. 30,000 and Rs. 25,000, respectively. ‘D’ manages the business and for that he is entitled to...
A and B started a business by investing Rs.450 and Rs.550 respectively. After 8 months, A increased his investment by Rs.850. Find the ratio of annual p...
- Amit and Riya started a business by investing in the ratio 6:4 respectively. After 8 months, Karan joined the business, investing an amount equal to the av...
Billu and Bhaga jointly established a business, with Billu investing Rs. 'x + 2400' and Bhaga investing Rs. '2x'. After four months, Billu withdrew half...
B invests double the money invested by A and triple the money invested by C. The ratio of period of investment between A, B and C is 1:2:3. Difference b...
Three partners Karan, Arjun and Mukesh invest Rs 75,000, Rs 90,000, Rs 1,05,000 respectively in a business. Karan receives 12.5% of the profit as Manage...
A, B, and C invested Rs. 3600, Rs. 2400, and Rs. x, respectively, in a business for equal time. If the profit received by C is Rs. 1200 out of a total p...
A, B and C hired a taxi for Rs. 650 and used it for 3, 4, 6 hours respectively. Hiring charges paid by B are:
A and B together started a business with initial investment in the ratio of 1:2, respectively. The time-period of investment for A and B is in th...
Relevant for Exams:
