Question
Which of the following is true regarding schemes like
PMMY? (i) these schemes mainly help farm activities. (ii) they fund manufacturing, trading and service sectors, and activities that are allied to agriculture. (iii) more that Rs 17 lakh crore loans worth 320 million dollars were sanctioned under this scheme in 2021.Solution
i- these schemes mainly help non-farm activities. ii- it is correct iii- As of December 2021, more than 320 million loans worth Rs 17 lakh crore have been sanctioned under PMMY.
FIPB stands for:
Which of the following variances is NOT a part of material cost variance?
Which of the following is recognized as a Credit Information Company (CIC) in India, authorized by RBI to provide credit scores on individuals?
Input Tax Credit (ITC) under GST can be claimed by a registered person on:
Which ratio indicates how effectively management uses shareholders’ funds to generate profits?
What is the minimum provision percentage on Doubtful Assets classified under IRAC norms (Doubtful for more than 1 year)?
Which institutional mechanism deals with banks’ shortfalls in meeting Priority Sector Lending (PSL) targets, and how are such funds utilized?
'Masala Bonds' are Indian Rupee-denominated bonds issued:
A company manufactures goods with normal loss of 5%. In one batch, due to worker negligence, loss rose to 12%. At what level should inventory be valued?
We can say that the business is in profit, when:
