522. Which of the following statements are true about Co-operative Banks in India?

by
It has a three-tier set-up
State Co-operative Banks does not have access to RBI
It is an urban oriented Bank
It functions on sound business principles
✅ The correct answer is A.
Co-operative Banks in India has a three-tier set-up. State coop bank is apex coop institution in state. Central or districtcoop. Bank work at district level. At lowest level coop setup is primary credit agency which works at village level.

516. Low default-risk security issued by financially secure firms is classified as

by
U.S treasury bills
commercial paper
certificate of deposit
mutual funds
✅ The correct answer is B.
Low default-risk security issued by financially secure firms is classified as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.

513. The last step in fundamental analysis is__________.

by
economic analysis
industry analysis
company analysis
technical analysis
✅ The correct answer is D.
The last step in fundamental analysis is technical analysis. Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.

509. Who of the below mentioned parties is not eligible to enter into a contract?

by
Housewife
Businessman
Government employee
Minor
✅ The correct answer is D.
Minor is not eligible to enter into a contract. Minors are individuals who are under the age of 18. Minors are not considered to have legal capacity, meaning they do not have the ability to make contracts with other people. If a minor signs a contract, they have the ability to void the deal with certain exceptions.

542. Any registered taxable person who fails to furnish the details and file the return within the due date prescribed shall be liable to

by
Interest at the rate of 1% per month
Late fee of Rs. 100 for every day up to Rs. 5000
Both (a) and (b)
None of the above
✅ The correct answer is B.
It has been decided that for subsequent months, i.e. October 2017 onwards, the amount of late fee payable, by a taxpayer whose tax liability for that month was „NIL‟, will be Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). For other taxpayers, whose tax liability for that month was not „NIL‟, late fee payable will be Rs. 50/- per day (Rs. 25/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). Notification No. 64/2017-CT dated 15th November 2017 has already been issued in this regard.