Question : During the year ending on 31st March 2017 — 15%, What should be the minimum investment or deposit by Universal Ltd. to meet the requirement of law, if it realises or increases proportionate investment?
Option 1: On or Before 30th April,2016 and Rs 45,000
Option 2: On or before 30 April 2017 and Rs 75,000
Option 3: On or before 30 April 2020 And Rs 60,000
Option 4: None of the above
Correct Answer: On or Before 30th April,2016 and Rs 45,000
Solution : Answer = On or Before 30th April 2016 and Rs 45,000
On or Before 30th April 2016
15% of Rs. 20,00,000 =Rs. 3,00,000
15% of Rs. 3,00,000 = Rs.45,000 Hence, the correct option is 1.
Question : It primarily refers to change in the ownership of land holdings.
Option 1: Land reforms
Option 2: Land ceilings
Option 3: Industrial policy
Option 4: Industrial licensing
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