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?
Match the following Banking sector reform committees with their respective purposes:
Committee
Purpose
(a)
Y.V. Reddy Committee
(i)
Revised method of lending in
place of cash credit system(b)
Rashid Jilani Committee
(ii)
Rationalization of interest rate on
small saving(c)
S.M Kelkar Committee
(iii)
Working capital lending norms
d)
I.T. Vaz Committee
(iv)
Regional Rural Banks
Choose the correct option from those given below
