Question
Consider the following: I. Financial Inclusion
Index II. Wholesale Price Index III. Consumer Price Index Which of the indexes given above is/are issued by Reserve Bank of India?Solution
The Financial Inclusion Index is a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators. It is issued by the Reserve Bank of India. WPI tracks inflation at the producer level and CPI captures changes in prices levels at the consumer level. WPI does not capture changes in the prices of services, which CPI does. It is issued by the Office of Economic Advisor under the Ministry of Commerce and Industry.
Which of the following is an example of transaction in money under GST laws
A bill of exchange drawn on 15th March for 2 months will mature on:
The person in whose Favor a bill is endorsed is called:
The term 'Days of Grace' in relation to a bill of exchange refers to:
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the b...
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Which accounting standard governs the treatment of inventories in India?
The party who is entitled to receive the payment of a bill of exchange is called the:
