Question
The Deposit Insurance and Credit Guarantee Corporation
allowed the customers of failed/stressed banks to withdraw upto Rs 5 lakh of deposit under the moratorium period and this amount equals to __________ of the total deposits held with banks.Solution
The Rs 5-lakh deposit insurance cover, which was last year raised from Rs 1 lakh, will address 98.3 per cent of all deposit accounts by number, and 50.9 per cent of deposits by value.
An amount received from Seema, whose account was previously written off as Bad Debts, should be debited to:
A company has the following data for two products: Product A requires 200 machine hours and 50 setups; Product B requires 400 machine hours and 10 setup...
Which of the following is not included in a Credit Monitoring Arrangement (CMA) report?
Which of the following is NOT one of the three core principles of Information Security?
A company reported a net profit of ₹10 lakh. During the year, depreciation was ₹4 lakh, accounts receivable increased by ₹2 lakh, inventory decrea...
Which of the following statement is correct?
The format of the Financial Statement of a company is prescribed in:
A company recognises revenue over time for a contract. Costs incurred to date = ₹40,00,000; total estimated cost = ₹1,00,00,000; total contract pric...
Factory overheads are absorbed at 20% of direct wages. Direct wages = ₹1,00,000, actual overheads = ₹22,000. What is the overhead variance?
Under the SARFAESI Act, if a borrower defaults and fails to repay after notice, what is the maximum imprisonment prescribed for obstructing asset recovery?
