Question
As per the RBI Act 1934, when are the minutes of the
proceedings of the meeting being published?Solution
According to Section 45ZL of the Reserve Bank of India Act, 1934, the bank will publish, on the fourteenth day after every meeting of the Monetary Policy Committee.
A invests Rs. 20,000 for 6 months, B invests Rs. 15,000 for 8 months, C invests Rs. 25,000 for 4 months. Total profit = Rs. 17,000. Find B’s share.
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"Abhinav" and "Pankaj" launched a business venture with investments of Rs. 1400 and Rs. 2100, respectively. The ratio of the time for which "Abhinav" an...
Ashish started a business by investing Rs. 6300. Few months later; Ramesh joined him by investing Rs. 8000 such that at the end of the year, the profit ...
A and B started a retail store with initial investments in the ratio 5:6 and their annual profits were in the ratio 2:3. If A invested the money for 8 m...
X started a business with Rs.12000. After 6 months, Y joined with x% of X’s capital. At the end of the year, Y’s share in the Rs.36000 total profit ...
- Ravi and Raj entered into a business where Ravi invested Rs. 9,000. Raj withdrew his capital after 6 months. If their profit ratio at the end of the year w...
