Under the Second Amendment Directions, 2026 for NBFC capital adequacy, current-year quarterly profits may now be included in free reserves subject to conditions. Which of the following is one such condition?

Question

Banking · NBFC Capital Adequacy Regulations

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Quarterly statements must undergo limited review or audit by statutory auditors

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on NBFC Capital Adequacy Regulations?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Banking · NBFC Capital Adequacy Regulations

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Answer 1

Losses during the year may be ignored if reserves are adequate

Answer 2

Only unaudited management accounts are sufficient

Answer 3

Quarterly statements must undergo limited review or audit by statutory auditors

Answer 4

Full quarterly profit must be included without adjustment

Related Practice Questions