Question
Who has the power to suspend the operation of the
Banking Regulation Act, 1949?Solution
Section 4 Power to suspend operation of Act – (1) The Central Government, if on a representation made by the Reserve Bank in this behalf is satisfied that it is expedient so to do, may by notification in the Official Gazette, suspend for such period, not exceeding sixty days, as may be specified in the notification, the operation of all or any of the provisions of this Act, either generally or in relation to any specified banking company.
A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the pro...
A Treasury Bill (T-Bill) is a:
Which of the following represents ownership in a company?
Which of the following accounting rules can roughly estimate how many years a given sum of money must earn at a given compound annual interest rate in o...
With respect to Job Costing, which of the following statement is incorrect?
Goods purchased ₹1,00,000. Sales ₹90,000. Margin 20% on cost. Closing Inventory = ?
Under section 194D of the Income Tax Act, 1961, what is the rate of Tax Deducted at Source (TDS) on insurance commission, if the payee is a domestic com...
Which form is used to claim ITC in GST returns?
In Zero-Based Budgeting (ZBB), the budget for each activity is:
Opening inventory Rs. 1,700/-, Purchases Rs. 27,000/-, Closing inventory Rs. 1,500. Cost of goods sold will be           Â
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