Question
NABARD, as an apex institution, provides refinancing
support to financial institutions. Which of the following best defines NABARD’s refinancing function?Solution
NABARD provides refinancing support to commercial banks, cooperative banks, and regional rural banks to enable them to offer credit to farmers and rural entrepreneurs for agriculture and allied activities.
A sum becomes Rs. 9680 in 2 years at compound interest compounded annually at 10% per annum. Find the principal.
A sum of ₹ 2,400 compounded annually at a certain rate of compound interest in 2 years amounts to ₹ 2,904. What will be the simple interest (in ₹)...
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CI (compounded yearly) exceeds SI on a sum for 2 years at 8% p.a. by Rs. 160. Find the sum.
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An article is marked 35% above its cost. If a profit of 20% is earned by selling the article, then the discount per cent offered on the marked price of ...
Find the compound interest on Rs. 4000 at 10% per annum for 2 years, compounded annually.
For 2 years at 12.5% p.a. (compounded yearly), CI exceeds SI by Rs. 312.5. Find the sum.
