As per WTO guidelines Agreement on Agricultural AOA is not considering which of following ?
Answer: R and D and any other indirect support and assistance to farmers by the government
The concept that
“Lack of resources often helps countries to become competitive” is related to which of the following ?
Answer: Product life cycle theory
Rent free accommodation provided to the government employees shall be taxable upto
Answer: licence fee fixed by the government
Marginal relief on income tax of a resident individual was available under which section of the Income Tax Act, 1961 for the assessment year 2015-16 ?
As per the Income Tax Act, 1961, rate of tax for long term capital gain for the assessment year 2015-16 is
As per the Income Tax, 1961, capital gain arising from the sale of agricultural land owned for 5 years in rural areas is
Capital expenditure on scientific research in a previous year, which could not be absorbed due to insufficiency of profit in the relevant assessment year, can be carried forward for its setting off upto
Answer: Indefinite number of assessment years
Withdrawl of government from a sector partially or fully is known as
In case the amount claimed by the consumer is ` 89 lakhs, then which of the following will handle the case ?
Answer: State consumer dispute redressal commission
India relaxed quantitative restrictions on imports of 1429 items in 2000 and 2001 as per the commitment to which of the following ?
Capital in the business is treated as a liability due to
Answer: Business entity concept
X, Y and Z are partners in a firm sharing profits and losses equally. They decided to share profits in ratio of 2 : 1 : 2 respectively. The gaining ratio of X and Z will be
The directors of X Ltd. resolved to forfeit 2000 equity shares of ` 10 each. On these shares ` 7.50 per share was paid up, but final call of ` 2.50 per share was unpaid. 1,000 of the forfeited shares were reissued at ` 7 per share. Capital Reserve Account will be credited by
In case the quantity of a commodity demanded changes due to change in price of the commodity, it is called
Answer: Expansion or contraction of demand
The impact of the price variation is to change :
Answer: the degree of the elasticity of demand as well as the degree of the elasticity of supply in the inverse direction.