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The payments banks in India were established in order to achieve financial inclusion and these banks can only accept deposits. They cannot undertake lending activities. The RBI has given the approval to open such banks as per Section 22(1) of the Banking Regulation Act 1949. Payment banks have been set up as per the recommendations of the Nachiket Mor committee and they can only accept deposits upto Rs 1 lakh per individual. These banks have to invest at least 75% of its funds in the government securities.
Person P allocated 35% of his salary to his son for school fees. From the remaining amount, he saved 40% in his bank account. The...
The stock of rice in a shop has increased by 25%. What percentage of the stock of rice should be sold so that the stock again becomes as much as it was ...
In an examination, Ankita scored 58%, Namita scored 88%, and Minakshi scored 642 marks. Ankita's marks were 522. What is the average marks scored by all...
In a hospital, the ratio of nurses to doctors is 5:2. 30% of nurses and 40% of doctors are working in the emergency department, and 20% of the remaining...
The value of A’s car is depreciating by 36% every year whereas the value of his house is appreciating by 15% each year as compared to the previous yea...
A gave 40% of amount to B. B gave 30% of amount received from A to C. If amount received by C from B is Rs.144, then find the amount received by B from A.
There were two candidate in an election. 15% of the total voters did not cast their votes whereas 10% of the casting votes were declared invalid. If the...
A candidate just passed by getting 25 answers correct by attempting 60 of the total questions. Find the total number of questions in the examination if ...
A laptop with a list price of Rs. 50,000 is available at Rs. 28,000 after two successive discounts. If the second discount is 10%, find the first discou...
