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The IFSCA Act provides for the establishment of an IFSC Authority Fund, which will be used to meet the expenses of the IFSCA. The Fund will be maintained by the Central Government and will receive grants from the Government, fees and charges collected by the IFSCA, and other sources. The IFSCA Act also has provisions for the establishment of a dispute resolution panel for resolving disputes arising from financial transactions in IFSCs. The panel will consist of a chairperson and two members, and will have the power to determine the dispute in accordance with the law and practice applicable in IFSCs. Therefore, both statements 1 and 2 are correct.
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Niharika saves 25% of her salary in National Savings Certificate and spend 80% of the remaining amount on household items. If the cash in hand is Rs....
A person spent 10% of his monthly income on food and 50% of the remaining on rent. If amount spent on rent is Rs 1350, then find the amount spent...
Monthly savings of X is 58% of his monthly income which is Rs. 5000. If ratio of monthly expenditure of Y and X is 15:8 respectively and monthly savings...
P spends 22% of his salary on transportation, 30% on food, 15% on children’s education and 25% on medical. He deposits the remaining amount of Rs....
In a train, 40% of the passengers are females. Out of total number of passengers, 60% have unreserved tickets out of which 20% are females. How much per...
Monthly income of A is Rs. 3500 and he saves 42% of his monthly income. If monthly expenditure of A is decreased by 35% while his monthly savings is inc...
A man spends 20% and 12% of his monthly salary on rent and transportation, respectively. Out of the remaining money, he spends 30% on food and 45% on en...
