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Capital account convertibility (CAC) means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This implies that Capital Account Convertibility allows anyone to freely move from local currency into foreign currency and back. Current account convertibility allows free inflows and outflows for all purposes other than for capital purposes such as investments and loans.
A and B started a retail store with initial investments in the ratio 7:8 and their annual profits were in the ratio 3:4. If A invested the money for 9 m...
'A' and 'S' ventured into a business with initial investments of Rs. "w + 32" and Rs.'w', respectively. After 'x' months, 'V' joined them with an initia...
How much a sum was put at fixed rate of simple interest for 5 years. If the interest would have been 6 % higher than the foregoing rate, then Rs. 7500 w...
A and B started a business by investing Rs.400 and Rs.500 respectively. After 8 months, A increased his investment by Rs.900. Find the ratio of annual p...
A and B invested Rs.5000 and Rs.8000 in a business respectively and after 3 months B withdrawn 50% of his initial investment and again after 3 months he...
Two partners A and B invested Rs 70,000 and Rs 50,000 respectively in a business. Both the partners distribute 75% of the profit equally and distribute ...
P and Q started a business by investing Rs.5600 and Rs.4000 respectively. After 6 months, Q increased his investment by a certain percentage such that a...
Amit and Vipin together start a business with investment of Rs. 2000 and Rs. ‘x + 800’, respectively. If the profit earned after 5 years is ...
Ravi invested Rs. 18,000 in a business. After 8 months, Suresh joined with an investment of Rs. 22,000. If the total profit at the end of 2 years is Rs....
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:2:9, respectively. At end of the year, if the difference be...