Question { UPSC, 199695 }

what is repo rate?

Answer

Whenever the banks have any shortage of funds they can
borrow it from RBI. Repo rate is the rate at which our
banks borrow rupees from RBI. A reduction in the repo rate
will help banks to get money at a cheaper rate. When the
repo rate increases borrowing from RBI becomes more
expensive

Question { 5969 }

Recently while appraising a loan proposal I noticed that the
company was a newly formed company. While allotting the
capital among the share holders the shares were allotted at
a huge premium. What is the reason for showing a huge premium?

Answer

THE NEWLY EXSTABLISHED COMPANY SHOULD BE A SISTER CONCERN
OR A SUBSIDIARY OF AREPUTED COMPANY

Question { Ernst Young, 50005 }

Where do you see yourself after 5 Years?

Answer

After five years of completing my CA,i looks myself to be
in adirectoral level post.

Question { 5974 }

why should we do accounts in company

Answer

To know about the financial position of company at a
particular date.