Question
In the Indian Constitution, the provisions relating to
the Finance Commission are given in this article?Solution
The provisions relating to the Finance Commission in the Indian Constitution are given in Article 280. Article 280 provides for the establishment of a Finance Commission by the President of India every five years or at such earlier time as he considers necessary. The Finance Commission's role is to make recommendations regarding the distribution of financial resources between the central government and the states.
A loan granted for short duration crops will be treated as NPA, if the instalment of principal or interest thereon remains overdue for ________
In contract costing, 'Retention Money' refers to:
In relation to trend analysis, which of the following statements is/are correct?
Statement-1: The trend analysis of ratios indicates whether the ...
Plant purchased for ₹6,00,000. Depreciation for year = ₹1,00,000. Closing balance of Plant = ₹10,00,000. Opening balance was ₹5,00,000. Calculat...
What is the maximum aggregate balance allowed in accounts opened using Aadhaar OTP-based e-KYC in non-face-to-face mode?
An interface, that allows a user to interact with the e-commerce vendor in a two-tier architecture, is known as __________.
For Assessment year 2020-2021, The maximum loss from house property which can be set-off against income from any other head is ______.
In corporate finance, a Bridge Loan is best described as which of the following?
Income arising from the transfer of an asset before 1- 4 - 61, which was not revocable for a period exceeding ______, is not includible in the total inc...
An investment of ₹1,50,000 promises to pay ₹50,000 at the end of each of the next three years, plus ₹70,000 at the end of year 4. If the discount ...
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