Question
Assertion (A): Cities generate about 66% of India's GDP
and 90% of government income. Reason (R): Urban local bodies (ULBs) receive less than 1% of GDP as funding from state and national governments.Solution
• Assertion: True. Cities contribute significantly to GDP and government income. • Reason: True. ULBs receive less than 0.5% of GDP, which is insufficient. However, this is not the cause of their economic contribution but a reflection of fiscal challenges.
Which of the following is an example of capital expenditure?
Which of the following statement is incorrect?
Depreciation is applicable to:
SA 700 guides auditors on forming an opinion and reporting on financial statements. When an unmodified opinion is given, the report must include a secti...
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
Which of the following is true about stock options granted to employees (share-based payments) under Ind AS 102?
Omega Ltd. has idle capacity and receives a special export order for 2,000 units at ₹420 per unit. Normal price = ₹500. Unit variable cost = ₹350....
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
A firm extends credit from 30 to 60 days to push sales, increasing receivables by ₹5 crore. Cost of capital is 12%. What is the annual carrying cost?
What are the reasons for differences between the bank balance and book balance?
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