Start learning 50% faster. Sign in now
An ‘Electronic Gold Receipt’ (EGR) is an electronic receipt issued on the basis of deposit of underlying physical gold in accordance with the regulations made by SEBI. SEBI had, in September 2021, given its nod for setting up a gold exchange wherein the gold will be traded in the form of an EGR. SEBI had then said that any recognised stock exchange, existing as well as new, can launch trading in EGRs in a separate segment. In December 2021, the Finance Ministry has specified EGR as ‘securities’ under the Securities Contracts (Regulation) Act 1956, paving way for trading of such instruments on any new gold exchanges that may come up in the country. This move would also enable trading of EGR in existing exchanges under a separate segment. Like shares, EGRs will be held in demat form and can be converted into physical gold when needed. With this move, EGR will have trading, clearing and settlement features akin to any other securities. Conceptual discussions in live classes for solid foundation of concepts
If a group of 20 boys and 10 girls can finish a task in 50 days, and a team of 8 girls alone can complete the same task in 120 days, how long will it ta...
P alone can finish a piece of work ‘M’ in 5 days while Q takes 3 days to finish it alone. P, Q and R working together can finish the work ‘N’ wh...
P’s 2 days work is equal to Q’s 5 days work. If P and Q together can complete the work in 30 days then how much time Q will take to complete 60% of ...
The work can be completed by 'P' boys in 16 days, and by (P + 1) girls in 20 days. Additionally, if 8 boys and 12 girls w...
Ashish and Anil can do a piece of work in 12 days and 16 days respectively. Ashish completed 25% of the work. Find the time taken by Anil to complete th...
'Ankit' can complete some work alone in 35 days. 'Amit' is twice as efficient as 'Sumit' and four times as efficient as 'Ankit'. If 'Ankit' and 'Sumit' ...
A and B can complete a task together in 24 days, while B alone takes 48 days to finish it. A began working alone and left after ‘x’ days, after whic...
P can complete a job in 30 days. Q alone can complete the same job in 20 days. P works for 18 days and then the remaining job is completed by Q. How man...
In a Construction site Men, Women and Children were working in the ratio 6:3: 1 to finish a job and their individual wages were in the ratio 3:1:2. Enti...
'A', 'B' and 'C', alone can complete a piece of work alone in 12 days, 15 days and 20 days, respectively. 'A' started working alone. In how many days w...