What is the requirement as to minimum paid-up capital and reserves in the case of a banking company incorporated outside India?
Section 11. Requirement as to minimum paid-up capital and reserves: (2) In the case of a banking company incorporated outside India-- (a) the aggregate value of its paid-up capital and reserves shall not be less than fifteen lakhs of rupees and if it has a place or places of business in the city of Bombay or Calcutta or both, twenty lakhs of rupees; and (b) the banking company shall deposit and keep deposited with the Reserve Bank either in cash or in the form of unencumbered approved securities, or partly in cash and partly in the form of such securities-- (i) an amount which shall not be less than the minimum required by clause (a); and (ii) as soon as may be after the expiration of each year, an amount calculated at twenty per cent of its profit for that year in respect of all business transacted through its branches in India, as disclosed in the profit and loss account prepared with reference to that year under section 29.
The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs 540 after giving 25% discount. What is the value of x (in Rs)?
1 packet of biscuits costs Rs 16 but a pack of 4 of the same packet of biscuits costs Rs 56. What is the effective discount (in %) on the pack?
What is the single discount equivalent to the successive discounts of 20%, 30%, and 10%?
Successive discounts of 20, 25 and 30% is equivalent to a single discount of
The marked price of a toaster and the dryer are in the ratio 1 :2. The shopkeeper gives 20% discount on the toaster. If the total discount on the toaste...
Amit sold an article for ₹369.60 after allowing 12% discount on the marked price. Had he not allowed any discount he would have earned a profit of 20%...
Sita gets a discount of 20% on a Rs.3,000 juicer mixer machine. Since she pays cash, she gets an additional 5% discount too. How much does she pay?
A dishonest trader marks up his goods by 50% and then allows a discount of 20% on its marked price. Additionally, he uses a faulty scale which measures ...
At a clearance sale, a shopkeeper gives a 45% discount. If a customer paid Rs. 330 during the sale, then what is the marked price of that shirt?
A shopkeeper marks his goods at such a price that after allowing a discount of 20% on the mark price he can earn a profit of 25%. If the article cost h...