Question
Under the RBI Ombudsman Scheme, what is the maximum
compensation that can be awarded for consequential loss suffered by a complainant?ÂSolution
The RBI Ombudsman or Deputy Ombudsman is empowered to award compensation up to ₹30 lakh for any consequential loss suffered by a complainant due to deficiency in service by a regulated entity. This provision enhances consumer protection and accountability.Â
The UTGST Act, 2017 is applicable to Union-Territories except:
Initial Investment = ₹1,00,000; Cash inflow = ₹40,000 for 4 years; Discount rate = 10%. PV factor (4 yrs) = 3.169. Compute NPV.
__________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
Which among the following would be classified as a part of Internal Liability?
Goodwill acquired in a business combination must be tested annually for impairment. To which level should it be allocated for testing?
Which of the following statements is true for cash basis accounting?
What was a key issue related to regulatory challenges in the Indian telecom industry?
Which of the following statements is correct?
Calculate Breakeven point from the following data:
Fixed cost = Rs. 1,20,000
Sales = Rs. 2,20,000
Variable cost = Rs. 88,000
In the context of money laundering, the stage called Integration refers to:
Relevant for Exams:
