Question
Ombudsman act was enacted in the year
______Solution
The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Presently the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017) is in operation.
A factory has direct material cost of ₹2,40,000 and direct labour of ₹1,60,000 for a batch of 1,000 units.
Factory overheads are absorbed at ...
Which of the following is a limitation of accounting that can affect the accuracy and usefulness of financial statements?
Which of the following statements is FALSE with regard to working capital management?
Gross working capital refers to:
Read the given statements and select the most appropriate option.
(i) Mobile Platform allows you to make micro and macro payments.
(ii) M-...
How much deduction under section 80TTA of Income Tax Act is allowed?
Under the Income-tax Act, Deferred Tax Asset is recognized when:
A company takes a bank loan of ₹10,00,000 at 10% interest. Interest for the year is ₹1,00,000. Where is interest shown in financial statements?
As per RBI guidelines on fraud risk management in NBFCs, the Special Committee of the Board for Monitoring and Follow-up of cases of Frauds (SCBMF) must...
Which of the following most accurately defines venture capital investment?
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