Question
What was the growth rate of the Goods and Services Tax
(GST) collection in August 2023?Solution
The Goods and Services Tax (GST) collection in August grew by 11 percent to Rs 1.59 trillion annually. The growth is attributed to increased compliance and anti-evasion measures. In August 2022, the collection was Rs 1.43 trillion. Major states such as Uttar Pradesh, Maharashtra, Gujarat, and Tamil Nadu reported double-digit annual growth rates in GST collection.
Which of the following would not affect bank reconciliation?
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...Monetary policy in India is formulated by:
The 'MCLR' (Marginal Cost of Funds based Lending Rate) system replaced the earlier 'Base Rate' system. What is a key component in calculating MCLR?
What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
Which of the following is not allowed in small accounts?
Which among the following items link the Income Statement and the Balance Sheet
Acquisition costs (commissions, underwriting) are high and incurred upfront on 1 Oct. Policies are expected to persist on average 9 months (lapse experi...
The process of converting a physical cheque into an electronic image for faster processing is called:
The minimum capital requirement for setting up a new universal bank in the private sector as per RBI is:
