Question
Which of the following pairs are correctly matched?
Solution
Habeous Corpus : The Supreme Court or High Court can issue this writ against both private and public authorities. Writ of Prohibition can only be issued against judicial and quasi-judicial authorities. It can’t be issued against administrative authorities, legislative bodies and private individuals or bodies Pre-1991: The writ of Certiorari used to be issued only against judicial and quasi-judicial authorities and not against administrative authorities. Post-1991: The Supreme Court ruled that the certiorari can be issued even against administrative authorities affecting the rights of individuals It cannot be issued against legislative bodies and private individuals or bodies Quo-Warranto can be issued only when the substantive public office of a permanent character created by a statute or by the Constitution is involved. It can’t be issued against private or ministerial office
Interest payable by a non-corporate assessee for deferment of advance tax is
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence ...
In insurance accounting, what is "policyholder surplus"?
A bill discounted or purchased (with recourse) by a bank becomes a Non-Performing Asset (NPA) if the bill remains overdue for more than how many days?
Which of the following expenditure should NOT be recognized as intangible asset as per AS 26?
Given:
• Net income: ₹30 lakh
• Depreciation: ₹10 lakh
• Increase in inventory: ₹5 lakh
• Decrease in payables...
What is another name for the Revenue account in insurance company reporting?
Under the CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) scheme, which of the following would be treated as primary security for a...
What type of banking transaction allows customers to invest in a diverse portfolio of stocks, bonds, and other securities?
Calculate the expected rate of return on the entire portfolio, if the risk-free rate is 6% and the expected rate of return on market portfolio is 15%.