Question
Banking company incorporated in India is required to
create a reserve fund __________________ transfer to the reserve fund a sum equivalent to not less than twenty per cent of such profitSolution
Section 17. Reserve Fund: (1) Every banking company incorporated in India shall create a reserve fund and shall, out of the balance of profit of each year as disclosed in the profit and loss account prepared under section 29 and before any dividend is declared, transfer to the reserve fund a sum equivalent to not less than twenty per cent of such profit.
Priority Sector lending actually means lending to
A Gini coefficient exceeding 0.40 typically indicates which of the following?
Match the following?
A) Bombay Plan P) Mr. Jai Prakash Narayan
B) Gandhian Plan ...
Which goods are described by the law of diminishing marginal utility?
The word ‘BUDGET’ was taken from the _________ word.
The Census 2011 was conducted in two phases. Which are these two phases?
i. House listing
ii. Population enumeration
iii. ...
Consumer surplus is highest in the case of ________.
Which of the following statements is correct about the calculation of national income?
The Phillips Curve represents the relationship between ________.
Evaluate the correctness of these statements about the Consumer Price Index (CPI):
(I) CPI measures changes in the price level of a representativ...