Question
With reference to the RBI’s revision of agency
commission for banks conducting government business (effective April 1, 2025), consider the following statements: 1. The commission for e-mode revenue receipts and payments has been increased from ₹9 to ₹12 per transaction. 2. The commission for physical mode transactions has been revised upward from ₹40 to ₹50 per transaction. 3. Pension payment commission has been raised from ₹75 to ₹80 per transaction. Which of the statements given above is/are correct?Solution
• Statement 1 is correct: The RBI increased the commission for e-mode revenue receipts and payments from ₹9 to ₹12 per transaction to promote digital efficiency. • Statement 2 is incorrect: The rate for physical mode transactions remains unchanged at ₹40 per transaction. It has not been revised upward. • Statement 3 is correct: The pension payment commission has indeed been raised from ₹75 to ₹80 per transaction. Additionally, for non-pension payments, the commission has been increased from 6.5 paise to 7 paise per ₹100 turnover. These changes take effect from April 1, 2025, and exclude pre-funded or already compensated transactions. Thus, the correct answer is (c) 1 and 3 only.
A shopkeeper sells an article for Rs 80 and earns thrice the profit that he would have earned on selling this article for Rs 69. Find the C.P of ...
When the printer is sold for Rs. 34000, the owner loses 15%. At what price must that printer be sold in order to gain 15%?
Jupiter borrowed a sum of Rs 31,500 from Mars at the rate of 14% per annum for 3 years. He added some more money in it and lent it to Saturn at the rat...
A Shopkeeper gives 5 articles free on the purchase of every 15 articles. He also allow a discount of 20% to customer and still earn 20% profit. Find the...
A shopkeeper sold an article after offering two successive discounts of 20% and 22%, respectively. The marked price of the article is Rs. 2400. If the c...
A trader bought an article for Rs. 900 and marked it 20% above of its cost price. If he sold it after giving a discount of Rs. 45 then find the profit p...
The difference between selling an item at an 18 percent loss and at a 14 percent profit is Rs. 1000. At what price should the item be sold to make a pr...
A product is priced 80% higher than its cost price and then sold for Rs. 1,224 after applying two consecutive discounts of 20% and 15%. What is the diff...
A man sold 30 articles for ₹100 and gained 20%. The number of articles he bought for ₹100 was:
The cost price of two dozen bananas is Rs. 96. After selling 18 bananas at the rate of Rs. 36 per dozen, the shopkeeper reduced the rate to Rs. 24 per d...
Relevant for Exams:
