Question
Which of the following acts gave birth to the Asset
Reconstruction Company?Solution
Asset Reconstruction Company (Securitization Company/Reconstruction Company) is a company registered under Section 3 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SRFAESI) Act, 2002. It is regulated by Reserve Bank of India as an Non Banking Financial Company (u/s 451 (f) (iii) of RBI Act, 1934).
Neha borrowed some money from Priya at 6% p.a. simple interest for 6 years. After 6 years, she returned the amount to Priya and again borrowed 3/5th of ...
A sum on simple interest becomes 9/4 times of itself in five years, find the rate of interest.
Simple interest earned on an amount of Rs. 1000 at rate of R% per annum after 4 years is Rs. 200. Find the simple interest earned on an amount of Rs. 16...
"R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then t...
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Ankush puts Rs. 8,000 into two separate Systematic Investment Plans (SIPs) at a compound interest rate of 20% per annum. In SIP 'X', the investment is f...
Suresh earned an interest of Rs. 774 on principal amount of Rs. 2400 at some rate of compound interest in 2 years. How much more/less interest would he ...
What sum of money must be given at simple interest for 3 months at 5% per annum in order to earn Rs. 220 interest?
The difference between C.I and S.I on a certain sum for 3 years is Rs. 122 at 5% p.a. Then find the sum?
...Rs 2000 are invested at 5% per annum simple interest. If the interest is added to the principal after every 15 years, the amount will become Rs 4,000 af...
