Question
An employee working in an establishment draws a monthly
wage of ₹ 9,000 as fixed under the Minimum Wages Act, 1948 and is eligible to get bonus under the Payment of Bonus, Act, 1965 for the accounting year 2021-22. The bonus payable is at the rate of 10%. If the employee has worked continuously for whole of the said accounting year, then what is the amount of bonus that shall be paid to the employee?Solution
The correct answer is D
The Cash Conversion Cycle (CCC) is calculated as:
What is the minimum Capital Adequacy Ratio (CAR) required in India under Basel III (including CCB)?
Which of the following category(s) is/are covered under Agriculture for which the banks can fulfil the criteria under Priority Sector lending?
Which funding source is most likely to be used in the Late Stage (Pre-IPO) of the funding lifecycle?
A high current ratio may sometimes indicate:
Export Credit Guarantee Corporation of India comes under the administrative control of ______________.
Which of the following is/are correct regarding Capital Conservation Buffer?
I It is required when there is excess growth in bank’s credit ...
What type of risk does the Liquidity Coverage Ratio (LCR) aim to address under Basel III?
What is the indicator for monitoring of Asset Quality in new Prompt Corrective Action by RBI for Scheduled Commercial Banks?
Expand CAMELS as one of the rating systems used by RBI
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