Question
What is the general penalty provided under MV act for
any offence if there is no specific penalty provided for the offence?Solution
Motor Vehicle Act S. 177. General provision for punishment of offences. Whoever contravenes any provision of this Act or of any rule, regulation or notification made thereunder shall, if no penalty is provided for the offence be punishable for the first offence with fine which may extend to "five hundred rupees/", and for any second or subsequent offence with fine which may extend to “one thousand and five hundred rupees".
A firm's debt = ₹8,00,000 and equity = ₹12,00,000. Debt-equity ratio is:
A company has the following details:
• Net Profit: ₹12 lakh
• Equity: ₹60 lakh
• Debt: ₹40 lakh
• Interest: �...
The ratio that measures the percentage of profit earned on sales before interest and tax is:
A firm’s gross profit is ₹50 lakh, sales are ₹2 crore. What is its gross profit margin?
 Which of the following is not a tool of financial statement analysis?
As per the Banking Regulation Act, 1949, which of the following is not included in the "Schedule of Interest Accrued but Not Due" in a bank's balance sh...
A company’s Balance Sheet shows the following figures:
• Current Assets amounting to ₹12,00,000, which include an Inventory balance of ₹3...
Current ratio = 1.5 and current assets = ₹3,00,000. Current liabilities are:
XYZ Ltd. is a medium-sized manufacturing company. Its summarized Balance Sheet and additional financial information for the year ended 31st March 2024 a...
A high Inventory Turnover Ratio, in comparison to industry average, may indicate: