Question
Which of the statements given below are correct
regarding the Start-ups in India? 1. They are less than a decade old entity with a turnover less than 100 crore in any financial year. 2. They are included in the Priority Sector Lending norms of the RBI. 3. They are eligible for tax holidays for three consecutive years before or after 10 years of their inception. Select the correct answer using the codes given below:Solution
● Statement 1 is correct: As per the definition of the Ministry of Commerce and Industry, a start up is an entity which has been incorporated within a decade or is in operation for less than 10 years. Such an entity has annual turnover of less than Rs. 100 crore in any financial year since its inception. ● Statement 2 is correct: Reserve Bank of India has included Startup in the ambit of the Priority Sector Lending. Under the Reserve Bank of India guidelines, loans of as much as ₹50 crore to startups, as defined by the commerce ministry, will be considered priority sector credit. ● Statement 3 is incorrect: The startups are eligible for tax holidays for a period of three financial years consecutively out of the 10 years since its inception.
The difference between the value of the number increased by 10% and the value of the number decreased by 20% is 72. Find the number.
In a lock-making factory, 10 percent of the total produced locks were found to be defective, and 80 percent of the non-defective locks were exported. ...
A number is increased by 25% and then decreased by 20%. Find the net percentage change.
In a recent survey in a city, 60% houses contained two or more persons and rest have only 1 person. Of those houses having only one person, 45% were ha...
- A city’s population rose by 8% in the first year, increased by 10% in the second year, and then dropped by 12% in the third year. If the population in 20...
Four friends ('P', 'Q', 'R', and 'S') went out for dinner and received a bill of Rs. 1,500. They divided it such that 'P' paid (1...
A and B together have total of Rs.6000 out of which they donated 20% to the orphanage school. The remaining amount is to be then redistributed between t...
A certain number of students from school X appeared in an examination and 30% students failed. 150% more students than those from school X. appeared in ...
A number undergoes a 35% increase, followed by a 20% decrease. What is the net percentage change in the original number?
Rajesh spent 48% of his monthly income on food and 52% of the remaining of study. If total monthly savings (after spending on food and study) of Rajesh ...
Relevant for Exams:
