Question
Statement : "The government has decided to set up more
public libraries in rural areas." Assumptions : I. People in rural areas are interested in reading and learning. II. Public libraries help in increasing literacy and knowledge. A statement is given, followed by two assumptions I and II. You have to consider the statement and two assumptions and decide which of the assumption(s) is/are implicit.Solution
Assumption I is implicit as the decision assumes people will use the libraries. Assumption II is implicit as it supports the purpose of the decision.
Which of the following is considered as nominal account?
The difference between the spot price and the future price of a future is called as _____?
What is the limit of Gratuity not taxable?
An insurer holds a bond portfolio to collect contractual cash flows; the assets are sometimes sold to manage duration risk, though not frequently. Cash ...
Which of the following is a feature of Operating Lease according to Accounting Standard 19?
How much deduction under section 80TTA of Income Tax Act is allowed?
If the annual sales of a business are ₹X, what is the Maximum Permissible Bank Finance (MPBF) as per the Turnover Method?
Section _____ of the Companies Act, 2013, provides the matters to be stated in a prospectus.
Under Companies Act, 2013, a company can declare dividend from:
In the PM Vishwakarma Scheme, artisans are provided with a toolkit grant of how much?
Relevant for Exams:
