AEPS stands for Aadhaar Enabled Payment System. AEPS is a system introduced by the Government of India to enable Aadhaar cardholders to perform basic banking transactions using their Aadhaar number and biometric authentication. It allows customers to carry out financial transactions like cash withdrawal, cash deposit, fund transfers, balance inquiry, and Aadhaar-to-Aadhaar fund transfers through Micro ATMs using their Aadhaar details as identification. AEPS aims to promote financial inclusion and provide easy and secure banking services to individuals, especially in rural and remote areas.
A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from oper...
Identify the cash flow from operating activities from the following:
1. Payment of taxes
2. Dividend and Interest payments
The basic method of _______ control is an improvement over _______ control, because it tries to shorten or to eliminate the delay...
As per the RBI guidelines for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC), Iinterest subvention a...
Financial leverage means
Original cost = 12,60,000; Salvage value = Nil; Useful life = 6 years. Depreciation for the first year under sum of years digits method will be:
ABC Bank Ltd has extended a Rs.10 crore loan at 5% over the repo rate. The loan is to be repaid in equal quarterly instalments. The bank’s funding of ...
Operating risk is most likely to increase as a result of:
What is the priority sector lending target for scheduled commercial banks in India?
What is the role of Depository Participants (DPs) in the Indian capital market?
