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One of the services provided by banks to their customers is to collect the dues against Bills of Exchange from their customers on the due dates. Where the bills have been discounted the proceeds of such bills on due date are treated as incomes of the bank. On the other hand, if bills have not been discounted, the proceeds on the same on maturity are credited to the account of the customer. The particulars will be recorded in a separate book called Bills for Collection Register. Bills sent for collection have to be shown by way of Note as per Third Schedule.
Animesh enters into a short position in a forward contract where the forward price is Rs.25 and spot price at maturity is Rs.30. What will be Animesh’...
Which of the following financial services are offered by GIFT City?
1) Banking
2) Insurance
3) Asset Manag...
According to the Union Budget 2023-24, consider the following statements.
1. Government has recently launched the Aspirational Blocks Programme...
Which of the following is the key feature of the Security Receipts (SRs) issued by ARCs when acquiring stressed assets?
Which of the following is an intangible asset?
When a company's current ratio stands at 2:1, indicating it has double the amount of current assets as liabilities, how does purchasing goods on credit ...
What is a key aspect of ethical decision-making?
Which of the following would have the primary responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately ma...
What was the amount of the Asian Development Bank (ADB) loan provided to India for solid waste management and sanitation under the Swachh Bharat Mission...
The key areas to be monitored under the Revised Prompt Correction Action framework of RBI does not include _____