Question
Among the following sectors, which is officially
categorized as a ‘priority sector’ for bank lending under RBI guidelines in India?Solution
Priority sector lending mandates banks to allocate a specific portion of their lending to essential sectors like agriculture, MSMEs, education, and housing to promote inclusive growth.
A construction company signs a ₹50 crore contract for building a bridge over 5 years. It recognizes revenue based on the percentage-of-completion meth...
The class of preference share, where the arrears in the dividends are carried forward and paid out of the profits of the subsequent years are called as:
Liability for the drawer for the bill discounted is a:
Entity issues convertible debentures that are dilutive. Net profit = ₹100 crore; weighted average equity shares = 10 crore. If converted, debentures w...
With respect to time value of money, which of the following statement is incorrect?
Which of the following is levied by State Government only?
Which accounting standard deals with the recognition, measurement, and presentation of Property, Plant and Equipment?
Which of the following is recognized as a Credit Information Company (CIC) in India, authorized by RBI to provide credit scores on individuals?
Which of the following statement is not true with regards to a bearer plant as per IND AS 16:
In the context of cash flow statements, which of the following is considered a financing activity?
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