Question
During the latest RBI Monetary Policy Committee (MPC)
meeting held in August 2024, what was the decision made regarding the repo rate?Solution
In the August 2024 meeting, the RBI's Monetary Policy Committee decided to maintain the status quo on the repo rate, keeping it unchanged amid ongoing concerns about inflation and economic growth. This decision reflects the central bank's cautious approach to balancing inflation control and supporting economic recovery.
Which of the following commodities are kept outside the scope of GST?
(i) Fresh milk and pasteurised milk
(ii) Soyabeans seeds
(iii...
A firm produced goods of Rs. 80,000 and spent Rs. 6,000 on carriage outward. At the end of the year, cost of goods still unsold was Rs. 2,000. Sales dur...
Tangible property to be consumed in production of goods or services or held for sale in the ordinary course of business is defined as:
Which among the following ratios will be affected because of salaries paid in cash as advance salary?
Schedule III of the Companies Act, 2013, prescribes:
The primary benefit of an ERP system's integrated database is that it:
The liability of a sole proprietor is:
Which of the following is the correct full form of REIT?
With respect to AS 5 (Net profit or loss for the period, prior period items and changes in accounting policies), which of the following statement is inc...
The primary function of a 'Registrar and Transfer Agent (RTA)' is to:
