Question
Ombudsman act was enacted in the year
______Solution
The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Presently the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017) is in operation.
P and Q started a business with investments of Rs. 3000 and Rs. 4500. After 5 months, R joined them with Rs. ‘x’. If P’s share in the annual profi...
A and B together started a business with initial investment in the ratio of 1:7, respectively. The time-period of investment for A and B is in th...
‘A’ and ‘B’ started a business by investing Rs. 12000 and Rs. 18000, respectively. 6 months later, ‘C’ joined them with an investment equal ...
A, B and C hired a taxi for Rs. 650 and used it for 3, 4, 6 hours respectively. Hiring charges paid by B are:
Sumit started a company with an initial investment. After 3 months, Tarun joined him with Rs. 1000 more than Sumit. If their profit shares after one yea...
Mayank and Manoj started a business with investing capital in the ratio of 8:15. After 4 months, Mayank reduced his (1 )/(4 ) portion of the capital and...
Jagan and Magan started a business with a capital of Rs. 36000 and Rs. 63 ,000 and decide to share their profit according to their capital. But Gagan jo...
'A', 'B' and 'C' started a business together such that 'A' invested a 35% of the total capital invested by 'A', 'B' and 'C' together, 'B' invested 40% o...
P and Q started a venture by investing Rs. 7000 and Rs. 5000 respectively. After 6 months, R joined with an investment equal to the average of P and Q. ...
- Suresh and Ramesh entered into a partnership. Suresh invested Rs. 2,400 more than Ramesh and withdrew his amount after 10 months. If the profit sharing rat...
Relevant for Exams:
