Question
Which of the following is a valid ground for processing
personal data without consent under the Act?Solution
As per Section 7(1)(a) of the Act, personal data can be processed without consent for certain legitimate uses, such as responding to a medical emergency, disaster, or threat to public health. These are exceptions to the consent requirement where public interest and urgency justify immediate processing.
During the loan appraisal process at banks, the term CMA Report refers to which of the following?
Under Ind AS 115, a construction company enters into a contract to build a dam over 4 years. Revenue is recognized over time based on cost incurred to d...
What is the maximum loan amount available under the Pradhan Mantri Vishwakarma Scheme?
Which of the following best describes the double-entry system in accounting?
A company reports the following transactions for the year ended 31st March 2025:
• Equity Share Capital increased by ₹4,00,000 (including ₹...
Which of the following is not a financial regulator in India?
Opening Stock ₹ 2,00,000
Closing Stock ₹ 2,20,000<...
A long contract requires that the investor
A firm wants to classify its expenses by nature (salaries, depreciation, rent, etc.) in its Income Statement. According to Schedule III of Companies Act...
Which of the following is the correct definition of hedge ratio?