Question
Google Pay has launched UPI LITE, enabling users to
transact small-value payments without needing to enter their UPI pin also enabling them to activate the UPI LITE account within the same app and add up to Rs 2000, with the maximum per day limit pegged at _______.Solution
Google Pay has launched UPI LITE, enabling users to transact small-value payments without needing to enter their UPI pin. Users can activate the UPI LITE account within the same app and add up to Rs 2000, with the maximum per day limit pegged at Rs 4000. The app will select this UPI LITE account by default for transaction values less than or equal to Rs 200, subject to the availability of funds in the UPI LITE account.
From the following details, calculate interest coverage ratio:
Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate= 40%
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