Minimum Alternative Tax (MAT) under sec. 115 JB of the income tax act is applicable on
Answer: C
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Which among the following is not true with regard to merchandise banker?
(i) It can accept deposits
(ii) It can advance loans
(iii) It can do other banking activities
(iv) It can be manager to a public issues
Answer: D
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Assertion (A). Indent may be open or closed. Open indent does not specific the price and other details of the goods. The closed indent specific the brand, price, number, packing, shipping made, insurance etc.
Reason (R). This is required as a part of export procedures.
Answer: C
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Which of the following is not true about Small Finance Bank?
Answer: D
They cannot set up subsidiaries to undertake non-banking financial service activities.
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The first Development Bank IFCI was established in
Answer: A
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Which one is not the part of Migration to new capital adequacy framework based on the three pillar approach namely?
Answer: D
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The statement "A Banker is a person or corporation which holds it self out to receive from the public, deposit payable on demand on cheque." is given by
Answer: D
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Find out the odd one out of the following
Answer: B
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Which one of the statement is not true?
Answer: D
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Assertion (A). Bank have control over a large part of the supply of money in circulation.
Reason (R). They cannot influence the nature and character of production in any country.
Answer: B
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