Question
Recently RBI approved five banks to work with it on a
pilot project for its digital currency -- the Digital Rupee, which of the following is not in the list of RBI?Solution
The RBI has roped in at least five banks to work with it on a pilot project for its digital currency -- the Digital Rupee for the retail market. these banks are State Bank of India, ICICI Bank, IDFC First Bank and HDFC Bank. The RBI is working on two fronts to test the central bank digital currency (CBDC): one for the wholesale market, and the other for retail (CBDC-R). The central banker is also weighing whether to build a new framework for its digital currency or make retail CBDC interoperable with the current digital payments system.
Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
GAAP stands for:
Which of the following is a key principle of the "Canon of financial propriety"?
The format of the Financial Statement of a company is prescribed in:
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?
The Miller-Orr Model is used to manage:
____________ = (sales value – variable cost)/ Sales value
If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
