In the context of the Indian Financial System, the 'Securities Appellate Tribunal' (SAT) hears appeals against the orders of: MCQ with Answer and Explanation
In the context of the Indian Financial System, the 'Securities Appellate Tribunal' (SAT) hears appeals against the orders of:
A. Reserve Bank of India
B. SEBI, PFRDA, and IRDAI
C. Ministry of Corporate Affairs
D. Competition Commission of India
Answer: Option B
Solution (By JKSSB Mock Tests)
The Securities Appellate Tribunal (SAT) is a statutory body that hears appeals against orders passed by SEBI, PFRDA (Pension Fund Regulatory and Development Authority), and IRDAI (Insurance Regulatory and Development Authority).
S1: The Gross Profit Ratio is calculated as (Gross Profit / Net Sales) x 100. S2: A higher Gross Profit Ratio indicates better operational efficiency. Which statement(s) is/are correct?
Explanation:
The Gross Profit Ratio is indeed (Gross Profit / Net Sales) x 100. A higher ratio indicates that the cost of goods sold is lower relative to sales, implying better operational efficiency and cost control. Both are correct.
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