Question
In the questions given below, a part of the sentence
is given in bold. Below each sentence, some phrases are given which can substitute the bold part of the sentence. Identify the phrase which can correctly substitute the bold part of the sentence. If the sentence is correct as it is, the answer should be ‘no improvement is required’. The prodigy of digital payments has increased significantly in the past decade, reducing the reliance on cash transactions.Solution
Explanation: The word "prodigy" refers to a person, especially a young one, with exceptional abilities or talents, which does not fit the context of the sentence. The correct word should be "prevalence," which means the widespread occurrence or commonness of something. Perseverance refers to persistence in doing something despite difficulties, which is incorrect here. Pacification means bringing peace or calming a situation, which is also incorrect in this context. No improvement is required is incorrect because "prodigy" does not fit the meaning intended in the sentence. Thus, the correct choice is "prevalence.
The concept that requires a business to use the same accounting methods and policies from one period to the next is called:
The liability of a sole proprietor is:
A provision for onerous contract is:
According to GST Laws, from 1 August 2023, the e-invoicing is mandatory for businesses with annual aggregate turnover of over _______ in any previous fi...
The Miller-Orr Model is used to manage:
What is the taxable event under GST?
A company has an actual sales of ₹25 crore vs. a budget of ₹30 crore. Costs were below budget by ₹2 crore. What does this imply?
According to section 11 of the Indian Contract Act agreement with a minor is:
Which Ind AS deals with Revenue from Contracts with Customers?
If an employee does not make an intimation to their employer about their selection regarding the tax regime, the employer will: