Question
In economic terms, what does VAT stand
for?Solution
VAT stands for Value Added Tax. It is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. Ultimately, the consumer bears the cost of VAT, while businesses collect and remit it to the government.
If the Value of work certified is 300000 and the Value of Work uncertified is 100000, and the contractee is paying 180000 to the contractor, then what i...
In which of the following arrangement, a commission is earned by many intermediaries through reinsurance agreements?
Consider the following statements with reference to the IFSCA Act:
1)Â Â Â The IFSCA Act was enacted in 2019 to provide for the establishment of...
In finance terminology the “Time value of money” signifies that:
Which of the following statements about the Pradhan Mantri Fasal Bima Yojana (PMFBY) is/are correct?
1) It is a crop insurance scheme launched by...
What is the maximum amount of ECB any eligible borrower can raise per financial year under the automatic route?
Under the RBI’s guidelines, what is the maximum exposure to an individual borrower for UCBs with Tier 1 capital?
What is the difference between a non-performing asset (NPA) and a stressed asset in India?
The Risk of prepayments of loans and bonds and or premature withdrawal of deposits is called ________
N Ltd. shows his Non-Current Assets of Rs.52, 00,000, Current Assets of Rs.18, 00,000, & Shareholders’ Funds are Rs.43, 00,000. Find out Total Debts o...
