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Commerce Accounting Difficulty: Medium

Which of the following statements are true in context of Development Financial Institutions (DFls) in few years after economic reforms in 1991? 1. DFls such ICICI, IDBI and IFCI had a huge pile of bad loans. 2. DFls no longer had access to low-cost long-term funds from the government or the central bank to finance large infrastructure projects. They were forced to borrow at higher rates from the market. 3. Banks began financing infrastructure projects, that was actually out of their mandate. 4. RBI established a committee under S. H. Khan for transition of DFIs into universal banks. 5. ICICI Bank and IDBI went for reverse merger in a quest to create Universal Banks. The equivalence between the effects of a tariff and a quota which limits imports by the same amount depends on the assumption that (1) There are comparative conditions prevailing abroad (2) There is perfect competitive among quota holders (3) There is free competition within the domestic import competing industry Which of the above statements is correct? Match the following. List-I List-II a. Patent 1. Berne convention b. Trademark 2. Paris convention c. Copyright 3. Madrid According to the going concern concept, a business entity is assumed to have: . . . . . . . . are a feature of the micro environment of an organisation.