Question
What should be the minimum duration for which a
certificate of deposit can be issued?Solution
Certificate of Deposit is a negotiable instrument issued in 1989 for the first time and it is issued against funds deposited with a bank or financial institution. The scheduled commercial banks (excluding the RRBs and the Local Area Banks) and All-India Financial Institutions can issue such CDs. The minimum amount should be Rs 1 lakh whereas the duration should not be less than 7 days and not more than a year.
Which company became the first Indian firm to surpass ₹10 lakh crore in annual revenue?
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Under the core pillars of ESG, focus areas like climate change mitigation, pollution reduction, and biodiversity preservation fall under which category?
Why are cross-functional teams considered adaptable?
ABC Ltd, is in the medicine business and is now setting up a hospital. Which of the following is the most appropriate cost unit that can be used for the...
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According to the Union Budget 2023-24, consider the following statements.
1. Pradhan Mantri PVTG Development Mission will provide PVTG families...
Calculate the Quick ratio based on above information?
Why do cross-functional teams often use collaborative approaches in decision-making?
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