Under Section 80E of the Income Tax Act, 1961 deduction in respect of payment of interest on loan taken for higher education shall be allowed up to
| A. | Rs. 10,000 |
| B. | Rs. 15,000 |
| C. | Rs. 20,000 |
| D. | Without any limit |
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Option: D Explanation : Click on Discuss to view users comments. |
Assertion (A) : Management is a continuous process.
Reason (R) : Managers first plan, then organise and finally perform the function of controlling.
| A. | Both (A) and (R) are correct and (R) is correct explanation of (A). |
| B. | Both (A) and (R) are correct, but (R) is not a correct explanation of (A). |
| C. | (A) is correct, but (R) is incorrect. |
| D. | (A) is incorrect, but (R) is correct. |
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Option: A Explanation : Click on Discuss to view users comments. |
Which one of the following is not a benefit of privatisation?
| A. | Encourage entrepreneurship. |
| B. | Concentration of economic power. |
| C. | Better management of enterprise. |
| D. | Freedom from bureaucracy. |
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Option: B Explanation : Click on Discuss to view users comments. |
Match the items of List-I with items of List-II.
List-I List-II
a. Selective credit control 1. Consumer Credit Regulation
b. Encourage credit for desirable use 2. Cash Reserve Ratio
c. Quantitative credit control 3. Variation in Margin
d. Bank Rate 4. Re-discounting Rate
| A. | Codes: (A) (B) (C) (D) 4 2 3 1 |
| B. | Codes: (A) (B) (C) (D) 3 1 2 4 |
| C. | Codes: (A) (B) (C) (D) 1 3 2 4 |
| D. | Codes: (A) (B) (C) (D) 2 1 3 4 |
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Option: B Explanation : Click on Discuss to view users comments. |
