Which of the following is a solvency ratio? MCQ with Answer and Explanation
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Question #1
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The basic exemption limit for an individual below 60 years under the new tax regime (AY 2024-25) is:
Correct Answer: Option A
Explanation:
Under the new regime, basic exemption limit is ₹3,00,000 for individuals below 60 years.
Under the new regime, basic exemption limit is ₹3,00,000 for individuals below 60 years.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'External Commercial Borrowings' (ECB) policy is governed by:
Correct Answer: Option B
Explanation:
ECB policy and regulations are formulated by RBI in consultation with Government.
ECB policy and regulations are formulated by RBI in consultation with Government.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is an intangible asset?
Correct Answer: Option D
Explanation:
Goodwill is an intangible asset because it lacks physical substance but adds value to the business.
Goodwill is an intangible asset because it lacks physical substance but adds value to the business.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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