Question
Which condition must be met by custodian banks to issue
IPCs, according to the revised RBI guidelines?Solution
Custodian banks are allowed to issue IPCs only if they have agreements that give them an inalienable right over client securities for payout, unless the transactions are pre-funded.
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Marked price of an article is Rs.400 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
A dishonest seller, at the time of selling and purchasing uses weight 20% less and 20% more per kg respectively and marks up the price of his goods by 3...
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