Question
The power to inspect an authorised person under FEMA
Act, 1999 rests with______Solution
A as provided for under s.12 (1) of the FEMA Act, 1999. S.12. Power of Reserve Bank to inspect authorised person.—(1) The Reserve Bank may, at any time, cause an inspection to be made, by any officer of the Reserve Bank specially authorised in writing by the Reserve Bank in this behalf, of the business of any authorised person as may appear to it to be necessary or expedient for the purpose of— (a) verifying the correctness of any statement, information or particulars furnished to the Reserve Bank; (b) obtaining any information or particulars which such authorised person has failed to furnish on being called upon to do so; (c) securing compliance with the provisions of this Act or of any rules, regulations, directions or orders made thereunder.
Out of her total income, Neha spent 40% on rent, 25% of the remaining income on groceries, and saved 55% of the income left after her expenses. If she s...
A salesman is allowed 24% commission on the total sales by him and a bonus of 1% on the sales over Rs. 25000. If the total earnings of a salesman is Rs...
- Ravi appeared for two papers: Physics and Chemistry. He scored 68 out of 80 in Physics and 74 out of 85 in Chemistry. Calculate his total percentage marks.
The sum of the incomes of A and B is Rs. 72,000. A spends 40% of his income while B spends 80% of his income such that the savings of B is Rs. 4,000 le...
A price is increased by 15% and then decreased by 10%. Find the net percentage change.
A company has a certain number of employees. Initially, 60% of the employees were assigned to the research department, 20% to the marketing department, ...
- Out of 1800 members in a library, 30% have premium membership. Among those, 1/6 are senior citizens. How many non-senior members have premium membership?
A person sells each package of snacks for Rs. 10 each. On Monday, he sold 100 packages which was 25 more than that on Tuesday but 10 less than that on W...
A gave 60% of amount to B. B gave 20% of amount received from A to C. If amount received by C from B is Rs.192, then find the amount received by B from A.
In a metro, there are as many wagons as there is the number of seats in each wagon. In one of the wagon carrying 125 persons is filled with 62 (1/2)Â %...
Relevant for Exams:
