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The Reserve Bank of India has imposed a penalty of Rs 3.06 crore on Amazon Pay (India) Pvt Ltd for non-compliance with provisions of the Prepaid Payment Instruments (PPIs) norms and Know Your Customer (KYC) norms. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007.
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Sudeep and Sandeep invested in a partnership, contributing their capitals in the ratio of 16:19. They invested for periods of 5 months and 7 months, res...
A & B invested Rs. X and Rs. (X + 900) for same period of time in a business. If A gets Rs. 3200 as profit share out of total profit of Rs. 8...
A and B started a business with investments of Rs. 12,800 and Rs. 16,000, respectively. After a few months, C joined them with an investment of Rs. 9,60...
A and B invested Rs.5000 and Rs.8000 in a business respectively and after 3 months B withdrawn 50% of his initial investment and again after 3 months he...
‘Farhan’ started a business by investing Rs. 1,000. After 8 months, ‘Gautam’ joined him with 120% of Farhan’s investment. If the total profit ...
In a business there are two partners ‘P’ and ‘Q’. ‘P’ started the business with the capital of Rs. 25000 and after 3 months ‘Q’ joined h...
A, B, and C start a business with investments of ₹12,000, ₹18,000, and ₹24,000 respectively. After 6 months, A withdraws ₹6,000, B adds ₹6,000...
A started a business with an investment of Rs.18000. After few months B joined him with an investment of Rs.22500. If at the end of the year, they share...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:6:9, respectively. At end of the year, if the difference be...