Question
The Central KYC Records Registry (CKYCRR), which stores
KYC data for financial transactions across banks, mutual funds, stock exchanges, and other institutions, is managed by which of the following entities?Solution
SEBI has directed KYC Registration Agencies (KRAs) to update verified KYC information on the Central KYC Records Registry (CKYCRR). CKYCRR acts as a centralized repository for customers' KYC details across various financial intermediaries (banks, mutual funds, stock markets, NPS, etc.). The registry is maintained and managed by CERSAI, which is authorised by SEBI to hold and regulate the centralized KYC records.
A firm’s EBIT is ₹5,00,000, interest expense is ₹1,00,000. What is the Degree of Financial Leverage (DFL)?
"Window Dressing" in accounting refers to:
The difference between the total debits and total credits of an account is called:
The law of demand states that, other things being equal:
Prepaid Rent appearing in the Trial Balance is treated as:
Which accounting principle/concept states that revenue should be recognized when it is earned, regardless of when cash is received?
The "Matching Principle" requires that:
The primary objective of financial accounting is to:
Goodwill is a/an:
If an asset is purchased for ₹1,00,000 with a residual value of ₹10,000 and a life of 9 years, the annual depreciation under the Straight Line Metho...
