Question
Which section of the MSMED Act, 2006 mandates the
creation of a 'Grievance Redressal Mechanism' for MSMEs?Solution
Section 18 of the MSMED Act, 2006 requires the establishment of a mechanism for the redressal of grievances related to MSME transactions. This includes issues related to payments and disputes, ensuring that MSMEs have access to a proper channel for resolving conflicts.
A person invested Rs. 50,000 in scheme A that offers simple interest at 25% p.a. Four years later, they withdrew Rs. x from scheme A and placed it in sc...
The difference between the compound interest compounded annually and simple interest of a sum at 15% p.a. for 2 years is Rs. 270. Find the sum.
A man invested Rs. 'B' at simple interest of 18% and Rs. 'B + 4000' at simple interest of 14% p.a., for 4 years each. If the interest earned from both i...
A sum of Rs. 3900 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find ...
An amount becomes four times of itself in 30 years at simple interest. Find the value of (7R − 40).
A principal of Rs. 7,500 earns Rs. 1,125 as simple interest in 3 years. What will be the simple interest on Rs. 9,000 for 5 years at the same rate?
'Meeru' deposited Rs. 9,600 in a SIP at simple interest of 15% p.a. If she earned Rs. 7,200 as interest, then find the duration (in years) for which the...
The difference between compound and simple interest on a sum of money for 2 years at 25% per annum is Rs. 880. The sum is:
If Rs. 25,000 is loaned at a compound interest rate of 50% per annum, and the interest is compounded once every year, what will t...
The simple interest and compound interest (compounded yearly) on a sum Rs. ‘P’ at ‘r%’ p.a. for two years are Rs. 18,000 and Rs. 19,350, respect...
