Question
Consider the following statements about National
Payments Corporation of India: 1. It is a “Not for Profit” Company. 2. A properly designed Public Sector Company. 3. It was setup under the provisions of the Payment and Settlement Systems Act, 2007. Which of the above statement is/are not correct?Solution
NPCI setup under the provisions of the Payment and Settlement Systems Act, 2007. A properly designed Public-Private Partnership (PPP) policy. It is a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013).
As per the Union Budget 2025–26, under the MSMED Act, 2006, to be classified as a medium enterprise, the annual turnover should be up to:
A company has a paid-up share capital of â‚ą80 lakh and free reserves of â‚ą120 lakh. It plans to buy back 25% of its paid-up equity shares. The face va...
ABC Ltd. wants to conduct a vertical analysis of its income statement. To standardise its financial data, each line item should be presented as a propor...
If a long-term investment suffers a permanent decline in value, how should it be accounted for under AS 13?
There are three types of single entry systems. Which of the following is not a type of single entry systems?
What is the rate of TDS to be deducted in payment or credit to a resident contractor/sub-contractor other than an individual or a Hindu Undivided Family?
A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
As per the Nayak committee, what percentage of its annual projected turnover should an MSME get as working capital from a bank?
An expansionary (inflationary) gap occurs when:
A business has the following inventory transactions:
• Opening Stock: 100 units @ ₹10
• Purchases: 200 units @ ₹12
• Sale...
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