Question
Which of the following is not defined under section 2 of
The Limitation Act, 1963?Solution
(c) “bill of exchange” includes a hundi and a cheque; (d) “bond” includes any instrument whereby a person obliges himself to pay money to another, on condition that the obligation shall be void if a specified act is performed, or is not performed, as the case may be; (k) “promissory note” means any instrument whereby the maker engages absolutely to pay a specified sum of money to another at a time therein limited, or on demand, or at sight;
Which of the following best describes the meaning of reverse repo rate?
A lessee enters into a 5-year property lease with fixed annual rentals and variable payments linked to CPI, initially measured using the CPI at commence...
Which of the following statements correctly describe the features of a revolving credit facility?
i. The borrower is sanctioned a credit limit fo...
Expiration of cost of intangible assets is referred to as:
If the organisation has Budgeted sales > the Break-Even level of Sales, then Margin of Safety, would be:
A company reports the following data for the year:
• Net Profit before tax and extraordinary items: ₹12,00,000
• Depreciation: ₹2,...
Which of the following is NOT an advantage of Bonus issue by a company?
An interface that communicates with other tiers in a three-tier architecture structure is known as ________.
Which of the following is classified as a liquidity ratio?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, calculate PV ratio?
