Question
Which of the following statements about the "Public
Procurement (Preference to Make in India) Order" is correct with respect to the Law of tenders?Solution
The order promotes the preference for domestically manufactured goods in government procurement, aligning with the "Make in India" initiative, Explanation: Public Procurement (Preference to Make in India) Order: The order promotes the preference for domestically manufactured goods in government procurement, aligning with the "Make in India" initiative. It encourages government entities to prioritize domestically produced goods, services, and works in their procurement processes.
A firm’s balance sheet shows:
• Current assets: ₹400 lakh
• Current liabilities: ₹250 lakh
• Inventory: ₹100 lakh
...Company A has a current ratio of 1.2:1 and quick ratio of 0.9:1. It also has significant inventory holding. What does this indicate about the company’...
Which conditions must be met for a third party’s customer due diligence to be accepted by an RE?
XYZ Ltd. has the following details: Equity Share Capital = ₹50 lakhs, Reserves = ₹20 lakhs, Long-term Debt = ₹30 lakhs. EBIT for the year is ₹18...
Ratio of net profit before interest and tax to sales is:
ABC Ltd.’s net profit is ₹1 crore. Its equity is ₹5 crore. The return on equity (ROE) is:
A company has the following details:
• Net Profit: ₹12 lakh
• Equity: ₹60 lakh
• Debt: ₹40 lakh
• Interest: �...
ABC Ltd., a non- financial enterprise presents the following information for the year ended 31st March 2025:
• Proceeds from issue of equity sh...
A firm’s net sales are ₹5 crore, and cost of goods sold is ₹3.5 crore. Inventory at the start of the year was ₹80 lakhs and at the end ₹1.2 cr...
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023: