Question
Which of the following statement is not correct about
SIDBI?Solution
SIDBI provides direct, indirect and micro finance facilities. Direct Finance: In the form of Term Loan Assistance, Working Capital Assistance, Support against Receivables, Foreign Currency Loan, Scheme of Energy Saving for MSME sector, equity support etc. Indirect Finance: The Indirect assistance in the form of Refinance is provided to Primary Lending Institutions (PLIs), comprising banks, State Level Financial Institutions, etc. having a wide network of branches all over the country. The main objective of Refinance Scheme is to increase the resource position of PLIs which would ultimately facilitate the flow of credit to MSME sector. Micro Finance: SIDBI provides micro finance i.e. credit to small entrepreneurs and businessmen for establish their business.
Which of the following statements correctly describes the Risk-Based Supervision (RBS) framework of RBI?
What is the maximum number of companies in which a person can hold directorship?
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
Average Inventory = ₹12,000. Closing Inventory is ₹3,000 more than Opening Inventory. The value of Closing Inventory is _____.
A company issued ₹10 lakh equity, redeemed ₹5 lakh debentures, paid dividend ₹2 lakh. Received interest ₹1 lakh. What is net cash from financing?
Which IND AS governs accounting for insurance transactions in India?
As per Companies Act 2013, Payment of Dividend is dealt U/S:
On purchase of old furniture, the amount of ₹1,000 spent on its repair should be debited to:
As per the Companies Act, 2013, Sections _____ provide for the qualifications, disqualifications, appointment, removal, rights, duties and liabilities o...
In PSUs, the 'Two-Bid System' commonly used in purchase procedures refers to:
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