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The Reserve Bank of India was nationalized on January 1, 1949. Prior to this date, the RBI (established in 1935) was privately owned with shareholders, but after nationalization, it came under full government ownership. This transition was a significant step in giving the government control over monetary policy and ensuring a unified approach to managing India's economy. The nationalization was part of broader economic reforms undertaken after India's independence, aimed at aligning the central bank's objectives with national interests.
P started a business investing Rs.20000. After 4 months, Q joined her with the capital of Rs.25000. After another 6 months, R joined them with the capit...
A & B invested Rs. 2X and Rs. (X + 500) for same period of time in a business. If A gets Rs. 4000 as profit share out of total profit of Rs. 7000, then ...
A, B and C start a business with investing the capital of Rs 1,500, 1,200 and 1,800 respectively. After 5 months, A invests additional amount of Rs. 100...
A, B and C started a partnership with investment of Rs. X - 1200, Rs. X and Rs. X + 1800. If profit of B is invested in a scheme at the rate of 18% for...
Ram started a business with the capital investing Rs 6000. After 3 months Shyam also joined him, with the capital investing Rs 4000. They make a profit ...
A and B together start a business with investment of Rs. 2100 and Rs. (x + 800), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
A and B started a business with investments of Rs. 12,800 and Rs. 16,000, respectively. After a few months, C joined them with an investment of Rs. 9,60...
Together, 'P' and 'Q' invested Rs. 16,000 and Rs. 24,000 to launch their firm. After 'Q' departed after four months, 'R' joined 'P' by contributing Rs. ...
Two friends, P and Q, invested in a business. Q's investment was 20% more than P's investment. After a year, Q earned a profit of...
A and B started a retail store with initial investments in the ratio 7:8 and their annual profits were in the ratio 2:3. If A invested the money for 8 m...