Destruction of official records relating to accounts is specified in : ?->(Show Answer!)

1. Destruction of official records relating to accounts is specified in :

Answer: Art.338 kfc vol.1

Reply

Comments

Tags

Show Similar Question And Answers

QA->Destruction of official records relating to accounts is specified in :....

QA->Major divisions of accounts are specified in :....

QA->Keeping of accounts relating to Fine is under:....

QA->On a particular system, using Quick sort, if it takes 100 msec to sort 1000 records, time taken to sort 100 records will be :....

QA->Teenager from India who has been officially declared as the world"s smallest woman by the Limca Book of Records and Guinness Book of Records?....

MCQ-> Read the following passage carefully and answer the questions given below it. Certain words are printed in bold to help you to locate them while answering some of the questions.A large majority of the poor in India are outside the formal banking system. The policy of financial inclusion sets out to remedy this by making available a basic banking ‘no frills’ account either with nil or very minimum balances as well as charges that would make such accounts accessible to vast sections of the population. However, the mere opening of a bank account in the name of every household or adult person may not be enough, unless these accounts and financial services offered to them are used by the account holders. At present, commercial banks do not find it viable to provide services to the poor especially in the rural areas because of huge transaction costs, low volumes of savings in the accounts, lack of information on the account holder, etc. For the poor. interacting with the banks with their paper work, economic costs of going to the bank and the need for flexibility in their accounts, make them turn to other informal channels or other institutions. Thus, there are constraints on both the supply and the demand side.Till now, banks were looking at these accounts from a purely credit perspective. Instead, they should look at this from the point of view of meeting the huge need of the poor for savings. Poor households want to save and, contrary to the common perception, do have the funds to save, but lack control. Informal mutual saving systems like the Rotating Savings and Credit Associations (ROSCAs), widespread in Africa, and ‘thrift and credit groups’ in India demonstrate that poor households save. For the poor household, which lack access to the formal insurance system and the credit system, savings provide a safety net and help them tide over crises. Savings can also keep them away from the clutches of moneylenders, make formal institutions more favourable to lending to them, encourage investment and make them shift to more productive activities, as they may invest in slightly more risky activities which have an overall higher rate of return.Research shows the efficacy of informal institutions in increasing the savings of the small account holders. An MFI in the Philippines, which had existing account holders, was studied. They offered new products with ‘commitment features’. One type had withdrawal restrictions in the sense that it required individuals to restrict their right to withdraw any funds from their own accounts until they reached a self-specified and documented goal. The other type was deposit options. Clients could purchase a locked box for a small fee. The key was with the bank and the client has to bring the box to the bank to make the deposit. He could not dip into the savings even if he wanted to. These accounts did not pay extra money and were illiquid. Surprisingly, these products were popular even though these had restrictions. Results showed that those who opted for these accounts with restrictions had substantially greater savings rates than those who did not. The policy of financial inclusion can be a success if financial inclusion focuses onboth saving needs and credit needs, having a diversified product portfolio for the poor but recognising that self-control problems need to be addressed by having commitment devices. The products with commitment features should be optional. Furthermore transaction costs for the poor could be cut down, by making innovative use of technology available and offering mobile vans with ATM and deposit collection features which could visit villages periodically.What is the aim of the financial inclusion policy ?
...

MCQ-> Study the following information carefully and answer the question given below Following are the conditions for selecting Accounts Officer in the Organization The candidate must (i)be at least 21 yr and not more than 26 yr as on 1.11.2011 (ii)be a commerce graduate (B.com) with atleast 55% marks (iii)have work experience of at least 2 yr in the Accounts Department of an organization (iv)have secured at least 50% marks in the Selection process In the case of a candidate who fulfils all the conditions except (a)at (i)above but at least 21 yr old and not more than 28 yr old and has work experience of 5 yr as Accounts Assistant in an organization his/her case is to be referred to GM-Accounts (b)at (ii)above but has secured at least 50% marks graduation and has secured at least 55% marks in selection process his/her case is to be referred VP-Accounts.In each question below details of one candidate are provided You have to take one of the following courses of actions based on the conditions given above and the information provided in each question and mark the number of that course of action as your answer You are not to assume All these cases are given to you as on 1.11.2011 Give answer a:If the case is to be referred to GM-Accounts b:If the case is to be referred to VP-Accounts c:If the candidate is to be selected d:If the candidate is not to be selected e:If the data provided are inadequate to taken a decision Now read the information provided in each question and mark your answer accordinglyUmesh Choksi was born on 25th November, 1989 He has secured 60% aggregate marks in B.com and 65% mark in the Selection Process He has been working in the Accounts Department of an organization for the past 3 yr
...

MCQ-> Study the following information carefully and answer the questions given below :When a word and number arrangement machine is given an input line of words and numbers, it arranges them following a particular rule. The following is an illustration of input and rearrangement. (All the numbers are two digit numbers) Input : 24 method 87 67 of data 34 collection 45 12 specified now Step I : 12 method 87 67 of data 34 collection 45 specified now 24 Step II : 34 12 method 87 67 of data collection specified now 24 45 Step III: 67 34 12 method of data collection specified now 24 45 87 Step IV : collection 67 34 12 method of specified now 24 45 87 data Step V : method collection 67 34 12 of specified 24 45 87 data now Step VI: of method collection 67 34 12 24 45 87 data now specified Step VII is the last step of the above arrangement as the intended arrangement is obtained. As per the rules followed in the given steps, find out the appropriate steps for the given input. Input : chemical 68 11 reaction 87 is 21 hard to 53 92 detectIn which step are the elements to 92 detect 21′ found in the same order?
...

MCQ-> Read the following passage to answer the given question Some words have been printed in bold to help you to locate them while answering some of the questions. We tend to be harsh on our bureaucracy,but nowhere do citizens enjoy dealing with their government. They do it because they have to. But that doesn’t mean that the experience has to be dismal. Now there is a new wind blowing through government departments around the world, which could takes some of the pain away. In the next five years it may well transform not only the way public services are delivered but also the fundamental relationship between government and citizens. Not surprisingly, it is the Internet that is behind it. After e-commerce and e-business the next revolution may be e-governance. Examples abound. The municipality of Phoenix, Arizona, allows its citizens to renew their car registrations, pay traffic fines, replace lost identity cards etc. online without having to stand in endless queues in a grubby municipal office. The municipality is happy because it saves $5 a transaction it costs only $1.60 to do it across the counter. In Chile people routinely submit their income tax returns over the Internet Which has increased transparency, drastically reduced the time taken and the number of errors and litigation with the tax department. Both taxpayers and the revenue department are happier. The furthest ahead not surprisingly is the small, rich and entrepreneurial civil service of singapore which allows citizens to do more functions online than any other As in many private companies the purchasing and buying of Singapore’s government departments is now on the Web and cost benefits come through more competitive bidding easy access to global suppliers and time saved by online processing of orders. They can post their catalogues on their sites, bid for contracts submit in voices and check their payments status over the Net. The most useful idea for Indians municipalities is Gov Works a private sector site that collects local taxes fines and utility bills for 3,600 municipalities across the United States. It is citizen's site which provides information on government jobs, tenders, etc .The most ambitious is the British government, which has targeted to convert 100 per cent of its transactions with its citizens to the Internet by 2005. Cynics in India will say, 'Oh, e-government will never work in India. We are so poor and we dont have computers but they are wrong. There are many experiments afoot in India as well Citizens in Andhra Pradesh can download government forms and applications on the net without having bribe clerks.In many district land records are online and this had created transparency Similary, in Dhar district to Madhya Pradesh villagers have begun to file applications for land transfers and follow their progress on the net. In seventy village in the Kolhapur and Sangli districts in Maharashtra Internet booths have come up where farmers daily check the markets rates of agricultural commodities in Marathi along with data on agriculture schemes information on crop technology. When to spray and plant the crops and buds and railway timetables. They also find vocational guidance on jobs, applications for ration cards kerosene/gas burners and land records extracts with details of landownership. Sam pitroda’s World Tel, Reliance Industries and the Tamil Nadu government are jointly laying 3,000 km of optic fibre cables to create a, Tamil Network which will offers ration cards schools college and hospital admission forms land records and pension records. If successful World Tel will expand the network to Gujarat, Karnataka and West Bengal. In kerala all the villages are getting linked online to the district headquarters allowing citizens to compare the development properties of their village with other villagers in the state. Many are still skeptical of the real impact because so few Indians have computers. The answer lies in interactive cable T.V and in Internet kiosks, Although India has only five million computers and thirty-eight million telephones it has thirty four million homes with cable TV and these are growing eight percent a year By 2005 most cable homes will have access to the Internet from many of the 700,000 local STD/PCO booths. Internet usage may be low today, but it is bound to grow rapidly in the future, and e-government in India may not be a dream.According to the passage which country has the most ambitious plan for e-governance ?
...

MCQ->As per the reports published recently Income Tax Department has found about Rs 1,200 crores lying in Frozen Demat Accounts in India Why were these Demat Accounts frozen ? (A)Funds in these accounts were coming from unknown foreign sources. (B)These account holders were not able to produce their Permanent Account Number which is mandatory for such transactions. (C)There are the accounts of those who expired without making a will or nominating someone as their apparents....