Question
What is the primary purpose of the "General Financial
Rules" in the context of government procurement?Solution
To outline principles of transparency, competition, and non-discrimination in the procurement process, Explanation: General Financial Rules (GFR): The General Financial Rules provide the basic framework for financial management and control within the government and includes guidelines related to public procurement, detailing the procedures and rules to be followed by government departments and organizations. It outlines the principles of transparency, competition, and non-discrimination in procurement process.
The preference shares should be redeemed with in a period of
In a "Pledge," the person who delivers the goods as security is called:
Mr. Sharma, a sole proprietor, entered into an oral agreement with a vendor for purchase of office furniture worth ₹2 lakhs, with delivery to be made ...
A prospectus issued by a company should not be issued more than ______ days before the allotment of shares.
What will be the P/V ratio for the firm with the following sales and profit during last two years:
A buyer and seller entered into a CIF (Cost, Insurance, Freight) contract. The seller shipped the goods and handed over the bill of lading and insurance...
Which of the following statement is true?
Minimum number of directors required in a public company is:
What is the minimum and maximum number of directors required in a public company as per the Companies Act, 2013?
The "Caveat Emptor" rule means:
