Question
What is the purpose of a "CIBIL score" in the context of
banking in India?Solution
The Credit Information Bureau (India) Limited (CIBIL) score is a numerical representation of an individual's creditworthiness based on their credit history. Lenders use this score to evaluate the risk of lending money or extending credit to an individual.
Which of the following best describes ‘amortisation of debenture issue expenses’?
A & B are partners sharing profits & losses in the ratio of 3 : 2. They admitted C into partnership with 3/10 share in the future profits of which he re...
What banking transaction involves the exchange of one currency for another at the prevailing exchange rate?
XYZ & co is a partnership firm that has been operating for five years. The firm has consistently achieved average annual profits of ₹1,00,000. The cap...
Interest payable u/s 234C is computed at
When the total of debit and credit are equal, it represents
Which of the following transaction will affect the current ratio?
5000 kgs of raw material were bought at Rs.2.5 per kg and 10% is normal waste. If recovery value of the normal waste is Rs.1.2 per kg, then find the cos...
Which section of the Income Tax Act defines the term Assessee?
To save a workbook, __________ function key should be pressed.
