Question

What is the purpose of International Financial Reporting Standards (IFR

Q: Answer-What is the purpose of International Financial Reporting Standards (IFRS)?

IFRS provides a global framework for financial reporting, ensuring consistency, transparency, and comparability of financial statements across countries.

A Regulating financial markets

B Providing a global framework for financial reporting

C Controlling interest rates

D Managing exchange rates

E Setting monetary policy

Practice Next

More Economy and Banking and Finance Current Affairs Questions

Consider the following statement/s about a global organization: Statement : 1. The United Nations was established in 1945. Statement : 2. The World Health ...
What dividend per share did SBI declare for FY 2024–25?
Who was the first president of Asian Development Bank (ADB)?
Which of the following is the largest public sector bank in India by total assets?
Which of the following is the first Indian bank to have been started solely with Indian capital that survives to the present?
What is the function of the Capital Adequacy Ratio (CAR) in the banking sector?
According to the data provided by the Department of Commerce & Industry, the value of goods exported from India fell to a nine-month low at _________ in Ju...
Indian Railway Finance Corporation (IRFC) has sold two sets of bonds worth a total of ₹3,940 crore, while ________ has sold 10-year tier-II bonds worth ₹1,...
What is a key change introduced by the RBI in norms for settlement of dues by Asset Reconstruction Companies (ARCs)?
What is the minimum capital adequacy ratio required for Indian banks under the Basel III norms?

Relevant for Exams:

Hey! Ask a query

What is the purpose of International Financial Reporting Standards (IFR

Detailed Solution

More Economy and Banking and Finance Current Affairs Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login