Question
Given that the standard hours are 600, actual hours are 500, the standard labor rate is ₹2.5 per hour, and the actual labor rate is ₹2.2 per hour, what is the Labor Rate Variance?
More Previous year papers Questions
- A borrower takes ₹1.20 lakh for small retail activity. Household income is ₹3.2 lakh per annum and loan is unsecured. The bank checks PSL micro finance e...
- Which of the following transactions is NOT typically subject to TDS in banking (as of Jan 2024)?
- Under the Panch Sutras of Lending, which of the following is not a principle?
- According to Peter F. Drucker's classification of project opportunities, which type involves the least risk because it primarily maintains existing operati...
- Which classification is retained after eligible MSME account restructuring under RBI’s Jan 2021 framework?
- When future cash flows are associated with different possible outcomes and known probabilities, which method is most appropriate for incorporating uncertai...
- Once a reference is made to the MSE Facilitation Council, it must be resolved within how many days?
- A borrower applies for ₹72 lakh housing loan for a property valued at ₹90 lakh. He argues that since LTV is below 80%, full loan can be sanctioned. The b...
- ABC Ltd paid ₹12 lakh MAT in FY 2022-23 when normal tax liability was ₹8 lakh. In FY 2023-24, normal tax liability is ₹14 lakh and MAT is ₹10 lakh. How muc...
- A firm has current assets of ₹80 lakh, current liabilities of ₹30 lakh. What is its Net Working Capital?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)