Question
What is the limit on the amount of money for trade
related transactions under RDA?Solution
Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. This scheme is not used for cross-border outward remittances from India. There is no limit on the remittance amount as well as on the number of remittances. However, there is an upper cap of Rs.15.00 lakh for trade related transactions. No cash disbursement of remittances is allowed under RDA. The remittances have to be credited to the bank account of the beneficiary.
 Which of the following ratios is very important to assess the eligibility of a borrower for a Term Loan?
Which of the following statement is true regarding standard costing?
A firm reports the following: Sales = ₹40,00,000; Cost of Goods Sold = ₹28,00,000; Inventory = ₹7,00,000. What is the Inventory Turnover Ratio?
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Match the following:
A) Herzberg P) Need Theory
B) McClelland Q) Expectancy Theory
C) McGregor R) Motivation Hygiene Theory
...
If net income is ₹10 lakh and number of equity shares is 2 lakh, what is the EPS?
GH Ltd took a term loan of Rs.24 crore for a period of 20 years to be repaid in equal annual instalments. The interest is 10% p.a. on reducing balance. ...
Under which of the following head will repayment of loan be shown in a cash flow statement?
A company has the following details for the year:
• Net Income = ₹12,00,000
• Preferred Dividends = ₹1,00,000
• Outstandi...
Match the following Ratios
A)    Overall profitability ratio                      1) Gearing Ratio
B)    �...
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