Question
The average wage of a group of 20 labourers is Rs. 450.
If 4 persons receiving average wage of Rs. 500 leave the group and 2 persons receiving average wage of Rs. K join the group, then the average wage of the group increases by Rs. 45. Find the value of ‘K’.Solution
Total wage of 20 labourers in the initial group = 20 × 450 = Rs. 9000 New average wage of the group = 450 + 45 = Rs. 495 New number of labourers in the group = 20 – 4 + 2 = 18 So, according to the question, 9000 – 4 × 500 + 2K = 495 × 18 Or, 9000 – 2000 + 2K = 8910 Or, 7000 + 2K = 8910 Or, 2K = 8910 – 7000 = 1910 Or, K = (1910/2) = 955
In Banking Industry, what is true about CASA.
i.It stands for Current Account and Saving Account
ii.CASA represents the low-cost funds av...
KYC used in the Banks in India, the main aim for using KYC in bank is_____
Which of the following is true about Cash Credit (Bank Loan)?
I. Cash credit is an arrangement whereby the bank allows the borrower to draw am...
NITI Ayog stands for
New Bank of India was merged into PNB on
Arrange the Following banks in ascending order in their respective establishment years.
(A) Corporation Bank    (B) Punjab National Bank�...
In which year the first Bank of India was established?
RBI asked banks to stop offering teaser loans. What are teaser loans?
Which of the following tax generates the maximum amount of revenue for the government of India?Â
NHB RESIDEX is the contries first official housing price index. In this reference, clock which is correct?
I. HPI@ mark price is based on actua...