Which of the following is NOT a qualitative characteristic that accounting should possess to be useful in decision making?
Futuristic
Futuristic is not a qualitative characteristic under accounting standards. The key qualitative characteristics of accounting information are relevance, reliability, comparability, and consistency. These qualities ensure that the information provided is useful for decision-making, whereas "futuristic" is not typically considered in accounting information standards.
Important Questions from Banking Committees and Recommendations
The Securities and Exchange Board of India (SEBI) has recently constituted a committee on Social Stock Exchanges (SSE) under the chairmanship of ______.
Read the Assertion and Reasoning and select the correct option.
Assertion (A): The Reserve Bank of India is the apex organisation in the Indian money market.
Reasoning (R): In April, 1988, it set up the Discount and Finance House of India (DFHI) to perform the function of stablising the money market in India.
Which committee was appointed to give a detailed report on the Non Performing Assets of public sector banks?
Who was the chairman of the committee formed to examine the applications for new bank licenses?
The amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) came into effect from _________.
