Given the information below, what will be the amount of subscriptions in the Receipt & Payment Account and the Income & Expenditure Account, respectively? A sports club received ₹50,000 as subscriptions during the year 2018-19, of which ₹5,000 relate to the year 2017-18 and ₹10,000 to 2019-20. At the end of the year 2018-19, ₹25,000 are still receivable.
₹50,000; ₹60,000
In the Receipt & Payment Account, the total subscriptions received during the year (₹50,000) will be recorded. For the Income & Expenditure Account, the total subscriptions for the current year will include the amount received for 2018-19 and any amounts accrued (₹60,000), including the ₹25,000 that was receivable from the previous year.
Important Questions from Financial Inclusion
The Government of India has been actively working on the provisions of ‘FRDI’ Bill, 2017. What does ‘D’ stand for in ‘FRDI’?
RBI financial inclusion index (FI-Index) quality parameter captures information on which of the following:
A. Financial literacy
B. Consumer protection
C. Ease of access
D. Availability and usage
E. Inequality and deficiency in service
Choose the correct answer from the options given below:
- To support incubating startups that work in the field of livelihood, education and health Bharat Inclusion Initiative is launched. Which institute has launched this initiative?
_____________ is looking to tap into as it seeks to encourage people to gift ‘social security’ plans to their loved ones.
Accidental insurance cover in Pradhan Mantri Jan Dhan Yojna has been increased from 1 lakh to _____________ (PMJDY).
