Question
The Government of India has sanctioned and notified the
Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd with Unity Small Finance Bank Ltd. Which Section of the Banking Regulation Act, 1949 empowers the Reserve Bank of India to prepare a scheme of reconstruction or amalgamation of banking companies?Solution
Section 45 of the Banking Regulation Act, 1949 empowers the Reserve Bank of India to prepare a scheme of reconstruction or amalgamation of banking companies (which include co-operative banks).
In MS Excel, the function =PMT(rate, nper, pv) is used to calculate the:
Which computer application is most directly associated with automating the procure-to-pay cycle in an organization?
What does section 6 of the Income Tax Act deal about?
Which of the following is not regarded as advantage of computerized accounting system?
Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
A provision for onerous contract is:
ABC Ltd. reports two inventory items: Item A – Cost ₹10 lakh, NRV ₹12 lakh; Item B – Cost ₹8 lakh, NRV ₹6 lakh. How should inventory be valu...
A private company wants to issue shares to selected individuals through a private placement. Which section of the Companies Act, 2013 governs this process?
What are the major challenges an organisation may encounter when implementing budgetary control?
EBIT = ₹5,00,000; Interest = ₹50,000; Preference dividend = ₹25,000; Tax = 30%. Compute Financial Leverage.
