Identify the INCORRECT statement:
Non-profit organizations distribute the surplus generated in the form of excess of income over expenditure, amongst the members.
Non-profit organizations are required to prepare financial statements at the end of the accounting period, but they do not submit them to the Registrar of Societies. The financial statements are typically filed with relevant regulatory authorities or used internally for reporting purposes.
Important Questions from Financial Inclusion
The Government of India has been actively working on the provisions of ‘FRDI’ Bill, 2017. What does ‘D’ stand for in ‘FRDI’?
RBI financial inclusion index (FI-Index) quality parameter captures information on which of the following:
A. Financial literacy
B. Consumer protection
C. Ease of access
D. Availability and usage
E. Inequality and deficiency in service
Choose the correct answer from the options given below:
- To support incubating startups that work in the field of livelihood, education and health Bharat Inclusion Initiative is launched. Which institute has launched this initiative?
_____________ is looking to tap into as it seeks to encourage people to gift ‘social security’ plans to their loved ones.
Accidental insurance cover in Pradhan Mantri Jan Dhan Yojna has been increased from 1 lakh to _____________ (PMJDY).
