The 'Labour Efficiency Variance' is computed as: MCQ with Answer and Explanation

Explanation:
The Indian Financial System comprises both the organized sector (RBI, banks, stock exchanges) and the unorganized sector (moneylenders, indigenous bankers).

Explanation:
When preference shares are issued at par and redeemed at a premium, the CRR must be created out of free reserves equal to the nominal value of the shares redeemed. Therefore, CRR = 10,000 * ₹100 = ₹10,00,000. The premium on redemption is provided out of securities premium or P&L.

Explanation:
Accrual basis is also called mercantile basis, where transactions are recorded when they occur, not when cash is paid/received.