Question
Statement: Should it be said that the demonetisation
exercise combined with the uncertainty around the July 1 adoption of the new indirect tax regime served to significantly dampen economic activity? Argument I: Yes, a lot of businesses used to deal in cash for their day to day operations. Argument II: No, most of the people in the country are using ATMs, internet banking and payment wallets. Each question given below consists of a statement, followed by two arguments numbered I and II. You have to decide which of the arguments is a 'strong' argument and which is a 'weak' argument. Give answer:Solution
The correct answer is A
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 ...
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