Question
As per RBI, a rural area is the one where the population
is less than ____.ÂSolution
The RBI definitions are as follow: (i) “rural” includes all centres with populations of less than 10,000; (ii) “semi-urban” includes centres with populations of 10,000 and above, but less than 1,00,000; (iii) “urban” includes centres with populations of 1,00,000 and above, but less than 10,00,000; and (iv) “metropolitan” includes centres with populations of 10,00,000 and more. Thus, population is the criterion that determines whether a region is rural or semi-urban.
Section 80EEB of the Income Tax Act provides deduction on:
The fundamental accounting equation, Assets = Liabilities + Equity, can be alternatively expressed as:
Which of the following is a phase of the business cycle?
A. Expansion
B. Recession
C. Peak
Which of the following wage systems does NOT provide an incentive for efficiency?
The matching of revenue and related expenses gives which of the following?
Deduction in respect of royalty income of authors under Chapter VI is allowed under Section:
Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
Company Y acquires 80% of Z for consideration â‚ą4,00,000. Fair value of identifiable net assets of Z = â‚ą3,50,000. Calculate goodwill on consolidation.
Under section 208, obligation to pay advance tax arises in every case where the advance tax payable is ______.
A project has initial investment â‚ą1,00,000 and expected cash inflows â‚ą30,000 each year for 5 years. Payback period is:
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