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Statement 3 is incorrect: MUDRA, which stands for Micro Units Development & Refi nance Agency Ltd., is a financial institution set up by the Government. It is not a part of the Skill India Scheme but the Start-up India campaign. The main objective of the Skill India Mission is to provide market-relevant skills training to more than 40 crore young people in the country by the year 2022. Micro Units Development and Refinance Agency Ltd. [MUDRA] is an NBFC supporting development of micro enterprise sector in the country. MUDRA provides refi nance support to Banks / MFIs for lending to micro units having loan requirement upto 10 lakhs.
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Some amount out of Rs. 12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amou...
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The difference between compound interest and simple interest at the same rate for Rs. 3200 for 2 years is Rs. 128. The rate of interest per annum is:
The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 20% p.a. for 2 years, is Rs....
Ankita invested Rs. 1800 at an annual interest rate of (a + 5)%, and she earned a total interest of Rs. 1404 after three years. Now, if she decides to i...
A sum of Rs. 3500 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
A person 'P' invested Rs. 800 for 2 years at an interest rate of 'a'% per annum, Rs. 450 for 4 years at an interest rate of (a - ...
