Question
In India, the Marginal Standing Facility (MSF) is a tool
used by the Reserve Bank of India (RBI) to lend to commercial banks at an overnight rate. What is the standard rate at which MSF is provided?Solution
MSF allows scheduled commercial banks to borrow overnight funds from RBI against government securities. The MSF rate is typically 0.25% higher than the repo rate.
In cost accounting, 'Overhead' refers to:
Under the head Income from other sources, Family pension received is exempted upto ______.
A property has Gross Annual Value ₹2,40,000. Municipal taxes paid ₹40,000. Standard deduction is 30%. What is the income from house property?
Ajay draws a bill on Vinay for ₹ 60,000. Vinay accepts it. Ajay endorses it to Chintu in settlement of ₹ 70,000 at 2% discount and the balance in ca...
The Debt-to-Equity (D/E) ratio is an important measure in finance. What does it indicate?
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
When a borrower creates a charge over movable assets (present or future) in favor of a lender, but retains possession of those assets, such a security a...
In case of amalgamation in the nature of purchase, the excess of purchase consideration over the net assets is debited to:
Current ratio of a firm is 2. If current liabilities are ₹1,20,000, then current assets are:
An insurance company issues a one-year policy for ₹1,00,000 sum assured. Expected mortality rate = 0.001, expenses ₹50 per policy, risk-free discoun...
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