Question : Accounting Standard (AS-3) has been made mandatory in respect of accounting periods commencing on or after 1st April 2001, for certain enterprises. These enterprises
Option 1: Enterprises whose equity or debt securities are listed on a recognised inventory exchange in India,
Option 2: All other commercial, industrial and business enterprises, whose turnover for the accounting period exceeds Rs. 50 Crores.
Option 3: Both 1 and 2
Option 4: None of the above.
Correct Answer: Both 1 and 2
Solution : Answer = Both 1 and 2 AS-3 has been mandatory for Enterprises whose equity or debt securities are listed on a recognised inventory exchange in India, and All other commercial, industrial and business enterprises, whose turnover for the accounting period exceeds Rs. 50 Crores. Hence, the correct option is 3.
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Question : The Securities and Exchange Board of India (SEBI) regulates:
Option 1: Debt financing
Option 2: Equity financing
Option 3: Both debt and equity markets
Option 4: International financing
Question : Which of the following is not a function of the Securities and Exchange Board of India (SEBI)?
Option 1: Regulating the securities market
Option 2: Protecting the interest of investors
Option 3: Regulating the functioning of commercial banks
Option 4: None of the above
Question : According to a written reply to the Lok Sabha by the Government of India, as of 20 July 2022, approximately________ unorganised sector workers are registered on the e-Shram portal.
Option 1: 27 crores
Option 2: 26 crores
Option 3: 28 crores
Option 4: 25 crores
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