Question
What is NOT correct about CRR (Cash Reserve Ratio)?
i. The CRR is determined by a percentage of Net Demand and Time Liabilities ii. Investments in Cash, Gold and approved Government Securities are counted for CRR iii. Maximum limit of CRR is 20% and minimum is 3%.Solution
CRR is to be kept as cash or as deposits with the RBI. The minimum CRR level of 3.0 per cent and the maximum CRR level of 20 per cent of NDTL remain as per the Section 42(1) of the Reserve Bank of India Act, 1934.
With respect to time value of money, which of the following statement is incorrect?
The 'Wealth Maximization' objective of financial management is considered superior to 'Profit Maximization' because it considers:
Which of the following is typically classified under investing activities in cash flow statement?
What is the name of the AI-based initiative launched by the NCW to promote digital literacy among women?
The concept that requires a business to use the same accounting methods and policies from one period to the next is called:
In the context of securities issuance, 'Green Shoe Option' allows the underwriter to:
Current ratio of a firm is 2. If current liabilities are ₹1,20,000, then current assets are:
 Internal auditor is removed and appointed by which among the following?
Which of the following statements is FALSE?
A budget that changes with the level of activity is a:
Relevant for Exams:
