Question
________ has secured a non-banking financial company
(NBFC) license from the Reserve Bank of India (RBI), and its NBFC arm would run the lending operations.Solution
GetVantage, an alternative financing fintech platform has secured a non-banking financial company (NBFC) licence from the Reserve Bank of India (RBI), and its NBFC arm GetGrowth Capital would run the lending operations.  GetVantage, which is backed by investors including Chiratae Ventures, Varanium, InCred, DMI, and Japanese investors like Sony and DI, will capitalise the NBFC with ₹50 crore and aims to raise ₹200 crore in total to scale up its lending operations.
With respect to Marginal Costing, which of the following statement is incorrect?
In a Life Insurance company, Premium earned during the year is ₹50 crore, Claims incurred ₹20 crore, Commission ₹5 crore, Operating Expenses ₹4 ...
Claims paid during year = ₹150 crore; Outstanding claims at year-end = ₹20 crore; Outstanding at beginning = ₹15 crore. Calculate claims incurred.
As per the Companies Act, 2013, the financial statements of a company include:
A trader has current assets of ₹6,00,000, including ₹80,000 cash, ₹1,20,000 accounts receivable, ₹3,00,000 inventory, and ₹1,00,000 marketable...
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence ...
Which of the following cost are not excluded from the cost of inventories as per AS 2:Â
Section 54(b) of the Income Tax Act, 1961 refers to:
A agrees to sell his horse to B if it wins the race tomorrow. The horse dies during the race. What is the nature of the contract?
Which of the following incomes is not chargeable under the head "Income from Business or Profession"?
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