Question
What is the concessional rate of interest applicable
under the Differential Rate of Interest (DRI) Scheme?Solution
• The Differential Rate of Interest (DRI) Scheme was introduced to provide concessional credit to weaker sections of society, enabling them to undertake productive and gainful activities. • Under the scheme, banks can extend loans of up to ₹15,000 per borrower (₹20,000 in case of housing loans for SC/STs) at a concessional rate of 4% per annum. • This scheme aligns with the government’s objective of promoting financial inclusion and supporting marginalized communities through affordable credit access.
A budget that starts with the assumption that all departmental budgets are zero and requires justification for every expense is known as:
Section 4(1) of the Payment of Gratuity Act, 1972, provides that gratuity shall be payable to an employee on the termination of his employment after he ...
In insurance accounting, what is "unearned premium"?
ABC Ltd. reported net profits of ₹12 lakh, but their cash from operations was only ₹3 lakh. The company made large purchases of inventory and extend...
What does CBLO stand for?
What is the rate of Tax Deduction at Source for a foreign company getting dividend from units of mutual fund for the assessment year 2021-22?
Which of the following is a correct treatment when a company issues shares for consideration other than cash?
The primary objective of an Internal Audit, as opposed to a Statutory Audit, is to:
As per Companies Act 2013, Payment of Dividend is dealt U/S:
Which section of the Companies Act, 2013 deals with an audit of cost accounting records -
Relevant for Exams:
