Question
NaBFID was set up as a DFI that is Regulated and
Supervised as AIFI by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934.What is the primary role of NaBFID in the economy?Solution
Set up as a DFI Development Finance Institution to support the development of long term infrastructure financing in India
An individual invested an amount of money in a financial scheme that accrues compound interest at an annual rate of 30%, compounded yearly. After 2 year...
A sum of Rs. 9,600 grows to Rs. 12,696 when invested at an annual compound interest rate of 'R%' for 2 years. What is the value of 'R'?
The difference between compound interest and simple interest at rate of 26% per annum for 2 years is Rs. 507. Find the simple interest obtained on same ...
Ajay invested Rs.a in SI at 7% rate of interest per annum for 10 years. Vishal invested the same amount in SI at 5% rate of interest per annum for 8 yea...
Arjun borrowed Rs. 5000 at R% S.I. and Rs. 6000 at (R + 5)% S.I. for 2 years. The total interest paid was Rs. 2800. Find the rate at which he borrowed R...
An investment of Rs. 8,430 is made in a Mutual Fund, offering a 10% per annum simple interest rate for 'p' years, while another investment of Rs. 8,800 ...
Simple interest on a sum at 8% p.a. for 3 years is ₹1920. Find the principal and amount.
- A certain amount was deposited at compound interest of x% per annum, compounded annually. It grows to Rs. 6400 in 2 years and Rs. 9216 in 3 years. Determin...
An amount of Rs. 2400 is placed in SIP 'P' at a 25% per annum simple interest rate for 8 years, and Rs. 2500 is invested in SIP 'Q' with a 20% annual co...
On a certain sum, the difference between compound interest and simple interest for 2 years at 5% per annum is Rs 50. Find the sum.
