Question
A bank’s Profit before appropriations = ₹20 crore.
Statutory reserve requirement is 25%. The bank also transfers ₹2 crore to Investment Fluctuation Reserve. How much will be transferred to Statutory Reserve?Solution
Transfer = 25% of 20 crore = 5 crore. IFR transfer is independent.
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36 : 109 :: 25 : ?
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