Question
Which payment bank was the first entity in India to
receive a payment bank license from the Reserve Bank of India.Solution
Payment banks in India, a type of differentiated bank, emerged from the recommendations of the Nachiket Mor Committee in 2013, with the aim of expanding financial inclusion by providing basic banking services to underserved populations. In 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India.Â
Harvey, Mike, and Donna started a business together, with the ratio of Harvey's investment to Mike's being 5: x, and the ratio of Mike's investment to D...
In a business, A invested Rs. 1500 more than that by B. After 10 months, A left the business. If at the end of the year, profit earned by B is equal to ...
Pragya and Pankaj started a business investing Rs.70, 000 and Rs. 30,000 respectively. In what ratio the profit earned after 2 years be divided?
X, Y, and Z invested ₹1,20,000, ₹1,50,000, and ₹1,80,000, respectively, in a partnership business. The annual profit was ₹1,50,000. If X withdre...
A and B started a business by investing Rs.450 and Rs.600 respectively. After 8 months, A increased his investment by Rs.850. Find the ratio of annual p...
Sohan starts a business with an initial investment of Rs. 20,000. After 5 months, Rohan joins the business by investing Rs. 5,000 more than Sohan. After...
‘M’ started a business with an investment of Rs. 2700. After 3 months ‘N’ joins the business with an investment of Rs. 2200. If the total profit...
‘A’ and ‘B’ started a business by investing Rs. 12000 and Rs. 18000, respectively. 6 months later, ‘C’ joined them with an investment equal ...
A and B started a retail store with initial investments in the ratio 6:7 and their annual profits were in the ratio 3:4. If A invested the money for 7 m...
Rohan and Deepak invested Rs. 10,000 and Rs. 15,000 respectively. After 3 months, Rohan reduced his investment by Rs. 2,000 and Aman joined with Rs. 20,...
Relevant for Exams:
