Question
Which of the following Statements about the Forest
(Conservation) Amendment Bill 2023 is/are True?Solution
The Bill broadens the scope of the Act by inserting a Preamble. The Act's name was changed to Van (Sanrakshan Evam Samvardhan) Adhiniyam, 1980 to reflect the potential of its provisions. Â The Act, which was initially applied to notified forest land, was later extended to revenue forest land and lands recorded as forest in government records. The amendments seek to streamline the application of the Act to recorded forest lands, private forest lands, plantations, etc. Â The Bill proposes certain exemptions to encourage afforestation and plantation outside forests. 0.10 ha of forest land has been proposed to provide connectivity for habitation and establishments located on the side of roads and railways, up to 10 ha of land proposed for security related infrastructure and up to 5 ha of forest land in Left Wing Extremism Affected Districts for public utility projects. These exemptions include strategic projects related to national security within 100 km of the International Borders, Line of Actual Control (LAC), Line of Control (LoC) etc. Â
Champion Ltd. define following data for calculating Current Ratio:
Current Assets Rs.20,00,000 ,
Inventories Rs.10,00,000 ,
Working Capital Rs.12, 00,000.
If Current Ratio is 2.5:1 and Working Capital is ₹1,50,000, what are Current Assets?
A company has Net Sales of ₹1,000 lakhs, Net Profit of ₹80 lakhs, Total Assets of ₹750 lakhs, and Equity of ₹250 lakhs.
Calculate Return ...
Company A has a current ratio of 1.2:1 and quick ratio of 0.9:1. It also has significant inventory holding. What does this indicate about the company’...
A company has sales ₹50,00,000 and gross profit margin 40% (on sales). Cost of goods sold (COGS) is:
Which of the following is a limitation of financial statements?
XYZ Ltd. is a medium-sized manufacturing company. Its summarized Balance Sheet and additional financial information for the year ended 31st March 2024 a...
ABC Ltd.’s net profit is ₹1 crore. Its equity is ₹5 crore. The return on equity (ROE) is:
A company refinances a short-term loan (due in 4 months) after the balance sheet date but before the financial statements are authorised. Management arg...
Current ratio = 1.5 and current assets = ₹3,00,000. Current liabilities are: