General Awareness · Banking Financial Awareness

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 technology architecture

1000 records of New India Insurance need to be transferred over a remote link from Jamnagar to Mumbai. Which of the following will deliver best performance?

  1. Transfer all records in one batch send

  2. Send one record at a time

  3. Compress all 1000 records into one message and send

  4. Compress one record at a time and send
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Compressing all 1000 records into one message and sending it delivers the best performance because compression algorithms work more efficiently on larger datasets (better compression ratio), and it minimizes per-message overhead. Sending uncompressed records or compressing individually would incur more overhead and poorer compression ratios.

Multiple choice technology architecture

Central Sarkari Bank processes 100,000 withdrawals per day and 50,000 deposits per day. The bank allows transaction processing for 5 hours in a day. What is the throughput of the system?

  1. 20,000 transactions per hour

  2. 30,000 transactions per hour

  3. 10,000 transactions per hour

  4. 150,000 transactions per hour
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Throughput measures transactions per unit time. Total daily transactions are 150,000 (100,000 withdrawals + 50,000 deposits). Dividing by the 5-hour processing window gives 150,000/5 = 30,000 transactions per hour.

Multiple choice technology architecture

1000 records of New India Insurance need to be transferred over a remote link from Jamnagar to Mumbai. Which of the following will deliver best performance?

  1. Transfer all records in one batch send

  2. Send one record at a time

  3. Compress all 1000 records into one message and send

  4. Compress one record at a time and send
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Compressing all 1000 records into one message combines the benefits of compression (reducing total data size) and batching (reducing protocol overhead per record). This minimizes both the amount of data transmitted and the number of round trips, delivering optimal performance over a remote link.

Multiple choice technology architecture

Central Sarkari Bank processes 100,000 withdrawals per day and 50,000 deposits per day. The bank allows transaction processing for 5 hours in a day. What is the throughput of the system?

  1. 20,000 transactions per hour

  2. 30,000 transactions per hour

  3. 10,000 transactions per hour

  4. 150,000 transactions per hour
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total transactions = 100,000 withdrawals + 50,000 deposits = 150,000 transactions. Throughput = total transactions / processing hours = 150,000 / 5 hours = 30,000 transactions per hour. Throughput measures work completed per unit time.

Multiple choice technology packaged enterprise solutions

When is the availability check triggered for capital expenditure project in Kraft APAC?

  1. Exceeds 20% of budget value

  2. Exceeds 15% of budget value

  3. 90% of budge value

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

In the Kraft APAC SAP system, the budget tolerance limit triggers the availability check when commitments exceed the budget by 15% (reaching 115% consumption). This threshold warns users or blocks transactions to prevent uncontrolled overspending. The 20% limit or 90% consumption settings do not match the system design.

Multiple choice technology packaged enterprise solutions

What should be the credit limit for new customer in Kraft APAC Catalyst model?

  1. 0.1

  2. Zero

  3. 100

  4. 1000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the Kraft APAC Catalyst model, new customers are set with a credit limit of zero. This ensures no credit is extended until the customer's creditworthiness is properly assessed and approved. The other options (0.1, 100, 1000) represent specific credit limits that would require evaluation.

Multiple choice

For submitting tax returns, all resident males with annual income below Rs. 10 lakh should fill up Form P and all resident females with income below Rs. 8 lakh should fill up Form Q. All people with incomes above Rs. 10 lakh should fill up Form R, except non residents with income above Rs. 15 lakhs, who should fill up Form S. All others should fill Form T. An example of a person who should fill Form T is

  1. a resident male with annual income Rs. 9 lakh

  2. a resident female with annual income Rs. 9 lakh

  3. a non-resident male with annual income Rs. 16 lakh

  4. a non-resident female with annual income Rs. 16 lakh
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Correct option is (2)

Multiple choice

Under NIP, for MRTP the threshold limit of assets was

  1. added

  2. removed

  3. unchanged

  4. simplified

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the New Industrial Policy (NIP), the asset threshold limit for MRTP (Monopolies and Restrictive Trade Practices) Act was removed. This ended the requirement for prior government approval for large investments, thereby liberalizing the industrial licensing regime.

Multiple choice

How many mandatory Accounting Standards have been issued by ICAI as on July 2012?

  1. 26

  2. 27

  3. 28

  4. 29
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This is a factual question about the number of mandatory Accounting Standards issued by ICAI (Institute of Chartered Accountants of India) as of July 2012. The correct number was 29 mandatory Accounting Standards at that time. Note: As of 2024, the number has changed (some have been withdrawn, converged with IFRS), but this question specifically asks for the count as of July 2012.

Multiple choice

Under Section 32 of the CPC, the maximum fine which can be imposed by a court for compelling the attendance of any person to whom a summons has been issued under Section 30 is

  1. Rs. 2000

  2. Rs. 3000

  3. Rs. 1000

  4. Rs. 5000

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Option (1) is incorrect: No such provision of Rs. 2000 Option (2) is incorrect: No such provision of Rs. 3000 Option (3) is incorrect: No such provision of Rs. 1000 Option (4) is correct: Under Section 32 of the CPC, the maximum fine which can be imposed by the court for compelling the attendance of any person to whom a summons has been issued under Section 30 is Rs. 5000.