Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the purpose of the Ghosh Committee Recommendations?
What is the purpose of the Ghosh Committee Recommendations?
- To outline precautions for averting frauds (correct)
- To review banks’ procedures overseas
- To establish norms for unsecured advances & guarantees
- To provide guidelines for conducting guarantee business
What do the guidelines relating to the conduct of guarantee business primarily address?
What do the guidelines relating to the conduct of guarantee business primarily address?
- Guarantees for Export Advance
- Obtaining personal guarantees of promoters, directors, and shareholders
- Bank Guarantee Scheme of Government of India
- Precautions for issuing guarantees (correct)
What is the focus of the Bank Guarantee Scheme of Government of India?
What is the focus of the Bank Guarantee Scheme of Government of India?
- Guarantees on behalf of share and stock brokers/commodity brokers
- Issuing bid bonds and performance guarantees for export
- Providing guarantees on behalf of banks' directors (correct)
- Obtaining personal guarantees of promoters, directors, and shareholders
What is the purpose of guidelines relating to obtaining personal guarantees of promoters, directors, and other managerial personnel?
What is the purpose of guidelines relating to obtaining personal guarantees of promoters, directors, and other managerial personnel?
Signup and view all the answers
What is the focus of guidelines for issuing bid bonds and performance guarantees for export?
What is the focus of guidelines for issuing bid bonds and performance guarantees for export?
Signup and view all the answers
