Banking company incorporated in India is required to create a reserve fund __________________ transfer to the reserve fund a sum equivalent to not less than twenty per cent of such profit
Section 17. Reserve Fund: (1) Every banking company incorporated in India shall create a reserve fund and shall, out of the balance of profit of each year as disclosed in the profit and loss account prepared under section 29 and before any dividend is declared, transfer to the reserve fund a sum equivalent to not less than twenty per cent of such profit.
When the spot price of a Call Option is less than the strike Price of an Option, the Option is said to be _______
According to the Union Budget 2023-24, consider the following statements. The Budget adopts seven priorities.
1. Inclusive Development
Bank of Baroda (BoB) has announced the launch of which scheme aimed at raising deposits for financing eligible environment-friendly projects and sectors?
Which is the document inviting applications for the subscription of shares which does not specify the details of either price or no. of shares being off...
What is the purpose of the Clearing Corporation of India Limited (CCIL) in the Indian capital market?
What does metaethics explore beyond individual moral judgments?
Consider the following statements regarding the purity of bullion:
1) The purity of bullion is measured in carats.
2) The higher the carat...
The Contribution towards priority sector lending is based on __________ , while the cash reserve ratio is based on __________.
Job ___________ is the process of describing jobs and arranging their interrelationships.
How does inflation in a country affect its currency's exchange rate?