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Regulatory Thresholds and Caps in India

860 Questions

Regulatory Thresholds and Caps in India refer to the statutory limits imposed on finance, taxation, and corporate governance. It covers sectoral caps, expenditure limits, and penalty thresholds defined by law. These questions are crucial for banking, accounting, and civil services exams.

Financial limitsTax deductionsCorporate regulationsElectoral thresholdsPenalties and fines

Regulatory Thresholds and Caps in India Questions

Multiple choice organization of commerce and management ownership structures - cooperative society features, merits and demerits, formation and management of a cooperative society meaning and features of cooperative society cooperative organisation

A co-operative society can promise maximum ____ amount of interest on the money contributed by it's members.

  1. 9%

  2. 6%

  3. 5%

  4. unlimited rate of interest
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the Cooperative Societies Act and related regulations, the maximum interest rate payable on capital contributions by members is generally capped at 9 percent per annum.

Multiple choice organization of commerce and management ownership structures - cooperative society features, merits and demerits, formation and management of a cooperative society meaning and features of cooperative society cooperative organisation

Which of the following sentence in relation to "Cooperative Societies" are correct?
(1)  There should be minimum of 20 members to 
       for cooperative society but there is no 
       maximum limit for the membership.
(2)  According to Indian Cooperative Societies 
       Act, 1912, each society must transfer at
       least one-third of its profits to general
       reserve.
(3)  Cooperative Societies may distribute
       maximum up to 90 per cent of its surplus 
       as dividend to its members and can spent
       another 10 per cent for the welfare of the 
       members.   

  1. (1) only

  2. (1) & (2) only

  3. (3) only

  4. (2) & (3) only
Reveal answer Fill a bubble to check yourself
C Correct answer
Multiple choice organization of commerce and management ownership structures - cooperative society features, merits and demerits, formation and management of a cooperative society meaning and features of cooperative society cooperative organisation

A co-operative society can promise maximum _________ amount of interest on the money contributed by its members.

  1. $9\%$
  2. $6\%$
  3. $5\%$

  4. unlimited rate of interest
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum rate of interest on capital contributed by members in a cooperative society is legally capped at 9 percent.

Multiple choice commerce micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes

The loan provided under Mahila Bachat Gat is as low as ____.

  1. 0%

  2. 5%

  3. 2%

  4. 3%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mahila Bachat Gat (Women's Savings Groups) initiatives typically offer low-interest loans to encourage self-employment, with 2% being the commonly cited rate for these specific schemes.

Multiple choice commerce micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes

Under Mahila Bachat Gat, individual loans are given upto Rs 25,000.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The loan limit for individual members under the Mahila Bachat Gat scheme is generally higher than Rs 25,000, making the statement that it is 'upto Rs 25,000' false.

Multiple choice accountancy depreciation accounting asset disposal account disposal of asset disposal of asset and any addition or extension to the existing asset

Unabsorbed scientific research Rs.$7,65,000$ (revenue nature Rs.$1,65,000$) can be carried forward for a maximum period of:

  1. $6$ years
  2. $5$ years
  3. $4$ years
  4. $2$ years
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
While computing the income chargeable to tax under the head "profits and gains from business or profession" the person is allowed to claim the following deductions apart from the other several deductions:

  • Depreciation 
  • Capital Expenditure on account of scientific research
  • Capital expenditure for promoting family planning

If the income for the current year falls short to absorb the above deductions, balance amount on account of unabsorbed depreciation, unabsorbed amount of scientific research and unabsorbed family expenses need to be carried forward in the next years.

 Business losses can be carried forward for a period of 8 years.  But the unabsored amount of scientific research can be carried forward for a maximum period of 4 years only.
Multiple choice organisation of commerce and management sources of business finance - 2 equity shares share and stock equity and preference shares

The minimum subscription is the ______of the issued amount.

  1. 50%

  2. 80%

  3. 75%

  4. 90%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
 Minimum subscription refers to the smallest amount required by the company for its preparatory functions. It has been provided by the Companies Act, that the firm must obtain applications for a certain minimum number of shares before progressing ahead with the allotment of shares in order to deter companies from commencing business with scarce resources. This is called the ‘minimum subscription’. The limit of smallest subscription is 90% of the size of the subject.
The smallest number of protection which may be employed for in any new issue. The Companies Act of 1956 created a legal pattern for this, stating that an organization can only offer a certain quantity of shares to the public that the company can really pay for if the shares are drawn in by the buyer.
For e.g. if the company is issuing 100 shares to the public, then the 90% of the 100 shares should be get subscribed that is 90 shares should be subscribed to went ahead with the allotment.
Multiple choice social science poverty : challenge facing india programmes for poverty eradication poverty as a challenge poverty: an economic challenge for india public health and the government constraints in economic development of rajasthan

As per latest norms the minimum per capita per month consumption in urban area in order to not to be treated as below poverty line is _________.

  1. Rs. 225

  2. Rs. 245

  3. Rs. 265

  4. Rs. 310
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Historical poverty line estimates in India have been revised multiple times. Rs. 265 was a recognized monthly per capita consumption expenditure threshold for urban areas in specific historical poverty committee reports.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

The maximum number of members in a private limited company is ________________.

  1. $10$
  2. $25$
  3. $50$

  4. Unlimited
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The maximum number of members in a private limited company is 50. According to the provisions of Companies Act 2013, Private limited company can be started with minimum 2 members and maximum 50 members.

Multiple choice business economics and quantitative methods balance of payments exchange rate balance of payments and exchange rate balance of trade and balance of payments

 Select the correct one/ones related to the provision of rupee convertibility in India, using the code given below: 

1. India allows partial convertibility to rupee in the capital account in the case of outflow of capital by Indians.
2. To the extent capital outflow by a foreign company is concerned, India allows full convertibility to rupee in the capital account up to the level of $ \,$500$ million. 

  1. Only 1

  2. Only 2

  3. I and 2

  4. Neither 1 nor 2
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Though India allows only partial convertibility to rupee in the capital account, it has the provision for its full convertibility up to $500million.

Multiple choice book keeping and accountancy company accounts - issue of debentures issue of debentures for consideration other than cash types of debentures issue of debentures at par, premium, discount, collateral security and for consideration other than cash

Maximum underwriting commission payable on issue of Debentures as per Companies Act is ______________.

  1. $5\%$
  2. $2^{1 _{/2}}\%$
  3. $2\%$
  4. $4\%$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The maximum underwriting commission for debentures is 2.5% (or 2 1/2%).

Multiple choice commerce securities exchange board of india (sebi) objectives of sebi significance, functions of stock exchange, bse & nse stock exchanges functions of sebi sebi securities and exchange board of india (sebi)

To be listed on NSEI, the minimum capital requirements for a company.

  1. Rs. $5$ crores
  2. Rs. $3$ crores
  3. Rs. $6$ crores
  4. Rs. $1$ crores
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

To be listed on NSEI, the minimum capital requirements for a company is Rs. 3 crores.

Multiple choice economics macro economic analysis public debt public debt main feature of tax

What is correct about a concessional loan in India in the cases of external borrowing ?

  1. An external loan which carries a grant element of 25 per cent or more.

  2. When the interest component on an external loan is not more then 50 per cent of the prevailing interest on the external commercial loans.

  3. When the loan is long-term and has at least 75 per cent grant component in it.

  4. None of the above.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

All the external loans which constitue at least 25 per cent (or more) grant (relaxation/subsidy) on its interest rates are considered 'concessional loans' by the government.