Question
Every bank note shall be legal tender at any place in
India and shall be guaranteed by______?Solution
S.26. Legal tender character of notes. (1) Subject to the provisions of sub-section (2), every bank note shall be legal tender at any place in India in payment or on account for the amount expressed therein, and shall be guaranteed by the Central Government.
A delay of 31 to 60 days in repayment of loan obligation to a bank will be classified under which category as per IRAC norms?
Zero-based budgeting means:
Fixed assets are held by business for __________
When a bank’s assets and liabilities are not aligned in terms of maturity profiles, it primarily exposes the bank to which type of risk?
1 Auditing begins where ______ ends.
What is the maximum number of directorships a person can hold in Indian companies as per Companies Act, 2013?
In amalgamation in the nature of merger, which method is used?
A cheque is received from a creditor and paid into the bank on the same day. How will this transaction be recorded in the cashbook?
The term ‘ Previous year’ is defined under which section of Income Tax Act?
In FY 25, a company sold equipment (original cost ₹10,00,000, accumulated depreciation ₹6,00,000) for ₹4,50,000 and also purchased a new asset for...
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