Question
Which electronic funds transfer system in India is
available 24/7 throughout the year, including on holidays also?Solution
Immediate Payment Service Ā (IMPS) is an instant real-time inter-bankĀ electronic funds transferĀ system inĀ India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. UnlikeĀ NEFTĀ andĀ RTGS, the service is available 24/7 throughout the year including bank holidays. Current, Chairman of DIPP is Ramesh Abhishek.
Modigliani-Miller (MM) Approach is based on some assumptions. Which of the following is not an assumption of MM Approach?
Aqua Ltd. just declared the earnings of Rs. 23 per share. The company is involved in the manufacture of cars. The average PE of electronics industry is ...
Which of the following statements regarding an auditor's responsibilities is FALSE?
The primary benefit of an ERP system's integrated database is that it:
In case a company considers a discounting factor higher than the cost of capital for arriving at present values, the present values of cash inflows will...
What are the various conditions on the basis of which a retiring auditor may be re-appointed at an annual general meeting as per the Companies Act?
A company has debt of ā¹50 lakh at 10% interest, equity of ā¹1 crore with cost of equity 15%, and tax rate 30%. Calculate the WACC (weighted by market...
Which of the following statements is FALSE?
State which statement is correct:
A cost that has already been incurred and cannot be recovered is known as a:
