Question
Which of the following Statements is/are True?
>I- Gujarat International Financial Tec (GIFT) City is Asia’s only IFSC. II- Establishing an IFSC provides a platform for international financial services to operate from and to specialize in exports of high value-added International Financial Services. III- IFSCs are established under the SEZ Act.Solution
An IFSC looks for to bring those types of financial services and transactions that are currently carried on outside India by overseas financial institutions and overseas branches/ subsidiaries of Indian financial institutions in India. With an IFSC in India, India now competes against global financial hubs like Dubai and Singapore to attract foreign investors who are willing to trade in foreign currencies. Many emerging IFSCs around the world are aspiring to play a global role e.g., Shanghai and Dubai.
A machine is sold at 10% profit and its selling price is Rs. 40 more than when sold at a 15% loss. Determine the cost price of the machine.
Axe and Wye purchases the Bikes at same price and later on Zed purchase both the bikes at the same price of Rs. 72000. But the profit % of Axe was A% wh...
A shopkeeper buys a fan for Rs 1,440 and marks it 25% above the cost price. During a sale, he gives a discount of 10% on the marked price. What is his p...
A shopkeeper bought two articles for Rs. 200 each. If he sold one of them at 40% profit and the other at 25% loss, then find the difference between the ...
- The ratio of the marked price and cost price of an item is 9:6. If the discount allowed is equal to the profit earned, find the profit percentage.
A person bought some mangoes at the rate of 7 per rupee. He bought the same number of mangoes at the rate of 6 per rupee. He mixes both types and sells ...
A shopkeeper sells a product in Rs.2,160 and earns 12.5% profit. Tell the amount that is equal to half of the purchase price of the product (in Rs.)
A shopkeeper sells an article at a Loss of 20% of the selling price. Find the actual loss percentage.
'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 35% above the price at which 'A' has purchased it and then sold it after ...
- A person throws a biased coin on which head appears in 30% of situations. If the person gets Rs. 20 for each tail and loses Rs. 30 for each head, then find...
Relevant for Exams:
