In the context of the Indian Financial System, the 'Deposit Insurance and Credit Guarantee Corporation' (DICGC) is a wholly owned subsidiary of: MCQ with Answer and Explanation
In the context of the Indian Financial System, the 'Deposit Insurance and Credit Guarantee Corporation' (DICGC) is a wholly owned subsidiary of:
A. Ministry of Finance
B. State Bank of India
C. Reserve Bank of India
D. Securities and Exchange Board of India
Answer: Option C
Solution (By JKSSB Mock Tests)
The DICGC was established as a wholly owned subsidiary of the Reserve Bank of India (RBI) to provide deposit insurance and guarantee credit facilities.
Explanation:
Reappropriation under GFR refers to the transfer of savings from one unit of appropriation (like a specific grant or head) to meet a shortfall in another unit, without increasing the total authorized expenditure.
Explanation:
In marginal costing, fixed overheads are treated as period costs and are not included in the cost of production. This is because marginal costing focuses on variable costs for short-term decision making. Both are true, but R is the underlying principle, not just an explanation of ignoring fixed costs.
Explanation:
Revaluation surplus is a non-cash adjustment that affects the carrying amount of the asset and equity, but it does not involve any actual cash flow. Therefore, it is not reflected in the cash flow statement.
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