⭐ Important points (exam-critical)
- ⭐Higher operating cycle → higher WC investment → lower ROCE.
- ⭐Factoring: with recourse vs without recourse — risk of bad debt.
- ⭐Tandon Committee norms (3 lending methods) — historical but conceptually tested.
- ⭐Cash credit limit largely based on max permissible bank finance (MPBF).
Want more depth on important points?
Make it click