Question
The Reserve Bank of India (RBI) has raised the minimum
net owned fund (NOF) requirement of the existing Asset Reconstruction Company (ARC) to Rs ______ from the present Rs 100 crore by March 2026.Solution
 As per the RBI circular, on October 12, 2022, The Reserve Bank of India (RBI) hiked the minimum net owned fund (NOF) for asset reconstruction companies (ARCs) three-fold to ₹300 crore from present 100 crore by March 2026.
A person took a loan of Rs 1500 from an investor for at 20% p.a. on compound interest for 2 years. But he paid only 80% of amount after 2 years. And inv...
A sum of money amounts to Rs 1024 in 4 years and Rs 1458 in 7 years at a compound rate of interest. What is the rate of interest per annum?
Rs. (3y + 600) is invested at 40% p.a. compound interest, compounded annually for 2 years, and earns an interest of Rs. (4y - 1200). Determine the value...
A sum of ₹20,000 is invested at an annual interest rate of 10% compounded half-yearly. What will be the total amount after 2 years?
A person invests ₹80,000 in a mutual fund. The investment grows at a rate of 8% per annum, compounded annually. After 3 years, he decides to withdraw ...
A certain sum invested at compound interest of 10% p. a compounded annually, returns Rs. 6292 after 2 years. If a 20% greater sum is invested at a simpl...
A property dealer bought a rectangular plot in Noida five years ago at the rate of Rs. 1000 thousand per square meter, the cost of plot increases by 5% ...
Sara deposited Rs. 18,000 into an investment that offers a compound interest rate of 20% per annum, with semi-annual compounding. Calculate the interest...
A certain sum of money yields Rs. 8,334 as compound interest for 3 years at 15% per annum. Calculate the approximate compound interest on the same amoun...
Amit deposited Rs. 15,000 into an investment with a 12% annual compound interest rate for a duration of two years. Calculate the total interest earned b...