Question
Banks are authorized to sell third party products. Which
are these products?Solution
Banks act as agents for Asset Management Companies (AMCs) to distribute different types of mutual fund schemes (equity, debt, hybrid, etc.) to their customers, allowing for investment diversification.
A invested Rs. ‘x’ for 3 months, then added Rs. 600 for another four months and left the business. B invested Rs. ‘x’ for the remaining period o...
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A, B and C invest in a partnership in the ratio 6:5:8 and investment of A is Rs.200 less than investment of C. Partner B invests for 1/5th and A and C i...
Pipe ‘A’ can fill a tank in 10 hours whereas pipe ‘B’ can empty it in 20 hours. If both pipes are opened together while pipe ‘B’ is closed a...
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