Question
Which document or act allows the RBI to issue specific
KYC Directions to ensure public interest? ÂSolution
RBI derives the authority to issue KYC Directions under the Banking Regulation Act, 1949. This act empowers RBI to take necessary measures to protect public interest and ensure the stability and integrity of the financial system in India. Â
__________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
A company is in need of a new plant to ramp up production at its manufacturing unit. It is contemplating ways to finance the new plant and is deciding ...
India's main money laundering risks, as per the FATF assessment, primarily stem from which of the following activities?
Which of the following risk factors pose business risk to an entity?
                     I.       Sales volume and...
A government treasury department is responsible for managing the government's short-term borrowing needs. They are considering issuing a money market in...
What is the primary objective of the Basel III norms for banks?
Which of the following is a measure of how the returns of two risky assets move in relation to each other?
What is the primary purpose of the WEIDE fund launched by the WTO and ITC?
Legal risk in a bank can lead to which of the following?
                     I.       claims against institution,<...
Under Section 115BA of the Income Tax Act, which of the following conditions must be met for MSMEs to benefit from a reduced tax rate of 25%?
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