Question
What is the revised limit for collateral-free
agriculture loans as per the recent RBI announcement?Solution
The Reserve Bank of India (RBI) has raised the limit for collateral-free agriculture loans to ₹2 lakh from the earlier ceiling of ₹1.6 lakh. This decision accounts for increasing agricultural input costs and inflation, ensuring better credit access for small and marginal farmers.
If an ad-hoc credit limit sanctioned by a bank is not reviewed and the account shows no activity, when does it become an NPA?
The Companies Act 2013, contains ________.
Any casual vacancy in the office of an auditor shall in the case of a company whose accounts are subject to audit by an auditor appointed by the Comptro...
A company transfers semi-finished goods from Process 1 to Process 2. Normal loss in Process 1 is 10%. If 10,000 units are input and 8,800 units are tran...
Which of the following is NOT a component of an accounting system?
Consider the following journal entry:
In what circums...
For each registration, a separate GST Registration No (i.e., GSTIN) of ______ digits is allotted.
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
Under the equity method of accounting for associates (AS 23), the investment is initially recorded at cost and subsequently adjusted for:
Under SA 240, the auditor’s responsibility relates to identifying and assessing risks of material misstatement due to fraud. If a whistleblower inform...
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