Question
The major road connecting the two main parts of the city
is inundated due to heavy rains during past two days. Courses of Action: (I)The govt. should immediately send a relief team to the affected area. (II)The municipal authority should make immediate effort to pump out water from the road. (III)The municipal authority should advise the general public to stay indoors till the water is cleared.Solution
Statement II is a reasonable course of action as it would help in clearing the road for traffic. As the statement I only mentions that the road is inundated due to heavy rains, while III course of action does not explicitly tell that whether the water is cleared by the municipal authority or as a natural proces. Hence, it isI and III are not a necessary action,Â
What is the main focus of Railtel Corporation of India?
An assessee liable to pay advance tax is not liable to pay interest u/s 234B if the advance tax paid by him is not less than
A company has a paid-up share capital of ₹80 lakh and free reserves of ₹120 lakh. It plans to buy back 25% of its paid-up equity shares. The face va...
How much amount of exemption is allowed for gratuity if received at the time of retirement?
During hard market conditions, insurers tend to raise premiums and restrict coverage due to past underwriting losses. What phase does this describe in t...
What is the maximum number of directorships a person can hold in Indian companies as per Companies Act, 2013?
Office equipment is a______________asset for a computer manufacturer and the same office equipment is a _____ ____asset for a company that deals in th...
Indian Insurance Co. Ltd. on 31.12.20X1 had reserve for unexpired risk of 20 crores in respect of fire insurance business. During 20X2, the premium col...
An insurer has Net Profit before tax ₹50 lakh, depreciation ₹8 lakh, increase in trade payables ₹5 lakh, decrease in inventory ₹2 lakh, and gain...
The financial statements of the company are approved by ____________ before signed by the chairperson/MD/CEO/directors of the company.