Right Answer: The common status codes in HTTP responses are:
- **200**: OK
- **201**: Created
- **204**: No Content
- **400**: Bad Request
- **401**: Unauthorized
- **403**: Forbidden
- **404**: Not Found
- **500**: Internal Server Error
- **502**: Bad Gateway
- **503**: Service Unavailable
Right Answer: An API endpoint is a specific URL or URI where an API can be accessed by a client to perform operations like retrieving or sending data. It defines the location and method (such as GET, POST) for interacting with the API.
1. **Open APIs (Public APIs)** - Available to developers and third parties.
2. **Internal APIs (Private APIs)** - Used within an organization.
3. **Partner APIs** - Shared with specific business partners.
4. **Composite APIs** - Combine multiple endpoints into a single call.
5. **Web APIs** - Accessible over the internet using HTTP/HTTPS.
Right Answer: A web service is a standardized way of allowing different applications to communicate over the internet using protocols like HTTP. It provides a method for applications to exchange data and perform operations. An API (Application Programming Interface) is a set of rules and tools that allows different software applications to interact with each other. A web service is a type of API that specifically uses web protocols to enable this interaction.
Right Answer: Synchronous API calls wait for the response before moving on to the next task, while asynchronous API calls allow the program to continue executing other tasks while waiting for the response.
Ques:- In case death of employ gratuity recieved by its legal hiers. so wht will b its treatment from income tax point of viewin the hannd of diceased (employe) and the legal hier?
Right Answer: In the case of the death of an employee, the gratuity received by the legal heirs is exempt from income tax under Section 10(10) of the Income Tax Act. It is not taxable in the hands of the deceased employee or the legal heirs.
Right Answer: Cost accounting focuses on capturing and analyzing costs associated with production and operations, while management accounting involves using financial and non-financial information to help managers make informed business decisions.
Right Answer: Closures of accounts refer to the process of finalizing financial records for a specific period, ensuring all transactions are recorded and reconciled. Premature closures occur when accounts are closed before all necessary transactions and adjustments are completed, potentially leading to inaccuracies in financial reporting.
Right Answer: PBG stands for Performance Bank Guarantee, and ABG stands for Advance Bank Guarantee. Both are financial instruments used in contracts to ensure that the supplier fulfills their obligations. PBG guarantees the performance of the contract, while ABG secures the advance payment made to the supplier.
Right Answer: The main difference between provision and reserve is that a provision is an amount set aside to cover a probable future expense or loss, while a reserve is an amount set aside from profits for a specific purpose or to strengthen the financial position.
