: The institution which is not part of influencing and shaping Indian accounting isSelect one:a.SEBIb.RBIc.CFAd.MCA
Question
The institution which is not part of influencing and shaping Indian accounting is
Select one:
- a. SEBI
- b. RBI
- c. CFA
- d. MCA
Solution
The correct answer is:
c. CFA
Explanation:
The institutions that influence and shape Indian accounting are:
a. SEBI (Securities and Exchange Board of India): It regulates the securities market in India.
b. RBI (Reserve Bank of India): It is India's central banking institution, which controls the monetary policy of the Indian rupee.
d. MCA (Ministry of Corporate Affairs): It is mainly concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.
The CFA (Chartered Financial Analyst) is a professional credential offered by the CFA Institute to finance and investment professionals. It is not an institution and does not have a role in shaping or influencing Indian accounting standards.
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