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Banking General Awareness Financial Reforms in Banking Sector Question Bank Financial Reforms in Banking Sector

  • question_answer
    Consider the following statement(s) regarding IFRS.
    I. IFRS are issued by the International Accounting Standards Board.
    II. International Accounting Standards (IAS) was replaced by IFRS.
    III. RBI has started IFRS in year 2015.
    Codes

    A) Only II             

    B) II and III

    C) I and II             

    D) All of these

    E) None of these

    Correct Answer: C

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