Question
Under the Indian Trusts Act, 1882, a “trust” is
primarily created for which of the following purposes?ÂSolution
A trust is essentially an obligation where the author transfers property to a trustee for the benefit of beneficiaries. The trustee becomes the legal owner but must act in a fiduciary capacity, ensuring property is used only for the specified purpose. Trusts are not created for personal gain, tax avoidance, or absolute ownership, but to impose legal duties on trustees to protect and advance the beneficiaries’ interest under the Indian Trusts Act, 1882.
What does "Infrastructure lending" include as a part of the project finance package as per RBI guidelines for NBFCs?
Which of the following metric of the bank is dependent on the movements of the interest rate?
According to the Union Budget 2023-24, consider the following statements.Â
1. One hundred and fifty-seven new nursing colleges will be establish...
Which of the following is a soft credit pull and does not impact a borrower’s credit score?
A trader purchased certain articles for 155,000. He sold some of articles for 200000. The average percentage of gross margin is 25% on cost. Opening sto...
Which of the following is typically excluded from the calculation of the firm’s working capital needs when using the Operating Cycle method?
As per the guidelines of the Basel Committee for Banking Supervision (BCBS), credit losses on stage 1 assets will be categorised as _______ provisions a...
If a company makes an offer of securities beyond the one-year validity period of the shelf prospectus, what is required?
Consider the following statements regarding the storage of bullion:
1)Â Â Â Bullion should be only stored in a bank vault for maximum securit...
What agreement did G7 Energy Ministers reach regarding coalfired power plants at a meeting in Turin?
