Question
When will the RBI's Integrated Ombudsman Scheme with the
CRPC mechanism come into force?Solution
The RBI has announced that the Integrated Ombudsman Scheme, which includes the Centralised Receipt and Processing Centre (CRPC), will be implemented starting July 1, 2026, to streamline and centralise complaint handling.
With respect to Marginal Costing, which of the following statement is incorrect?
Which of the following ratios measures the banking sector’s ability to absorb shocks arising from financial and economic stress?
A consignor sends goods costing ₹2,00,000 to consignee at invoice price of 125% of cost. 1/10th goods are lost in transit (abnormal). Consignee sells ...
In corporate finance, a Bridge Loan is best described as which of the following?
In India, the GST is based on the dual model GST adopted in:
Any decrease in the bank balance is recorded on ______ side of Cash Book and in _______ Column of Pass Book.
Input 20,000 units; normal loss 10% with scrap value ₹3/unit; actual output 18,300 units. Determine abnormal gain/loss units.
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
ABC Ltd. issues debentures worth ₹5 lakh and uses ₹3 lakh of it to purchase fixed assets. What is the net effect on funds from operations in the fun...
ARP is a manufacturing concern. It came to you with the following details to know its profit:
Variable Cost: ₹ 50,000
Fixed Cost ₹ 20,...
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