Question
Consider the following statements about ‘Statutory
Liquidity Ratio (SLR)’: 1.   SLR is the percentage of NDTL that a bank must keep in safe and liquid assets such as unencumbered government securities, cash, and gold. 2.   SLR changes frequently have an impact on the availability of resources in the banking system for lending to the private sector. Which of the statements given above is/are not correct?Solution
the Statutory liquidity ratio is the Government term for the reserve requirement that commercial banks are required to maintain in the form of cash, gold reserves, Govt. bonds and other Reserve Bank of India- approved securities before providing credit to the customers.
What is the limit amount for deduction in respect of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?
A company values inventory at lower of cost and NRV. Cost per unit = ₹150, NRV per unit = ₹140. For 5,000 units, calculate value as per Ind AS 2.
Calculate the cost of work uncertified if total cost incurred to date is Rs. 5,00,000 and cost of work certified is Rs. 3,00,000.
Compute material purchased from the given information.
Opening stock of raw material = Rs. 1,00,000
Prime cost = Rs. 10,00,000
Dire...
A long contract requires that the investor
Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens?
Section 24(b) of the Income Tax Act refers to:
Which of the following statements is correct?
An insurer holds a bond portfolio to collect contractual cash flows; the assets are sometimes sold to manage duration risk, though not frequently. Cash ...
Capital asset excludes all except-
