Question
Statement: The alumni of the institute returned to
rescue crumbling building of 112-year-old alma mater. I. The Building of the institute was built 112 years ago at the time of its inception II. The alumni visited the institute after a long period of time. In each question below a statement is given followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.Solution
We can’t make out when was the building constructed. We also don’t know if the alumni had not visited the school in the interim, hence both assumptions are not implicit and option 4 is the correct answer.
On purchase of old furniture, the amount of ₹1,000 spent on its repair should be debited to:
What is the main purpose of the Central KYC Records Registry (CKYCR) in India?
Which of the below import duties would be imposed?
State which statement is correct:
What is the primary role of the Central KYC Records Registry (CKYCR)?Â
Which Ind AS deals with Revenue from Contracts with Customers?
Accounts relating to income, revenue, gain expenses, and losses are termed as:
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a severe disability?
According to RBI’s circular on External Benchmark Based Lending, which of the following is not listed as an eligible external benchmark?
A consignor sends goods costing ₹2,00,000 to consignee at invoice price of 125% of cost. 1/10th goods are lost in transit (abnormal). Consignee sells ...