Question
Which section of the Banking Regulation Act delas with
the provisions relating to rates of interest charged by banking companies not to be subject to scrutiny by courts?Solution
Section 21A.  Rates of interest charged by banking companies not to be subject to scrutiny by courts: Notwithstanding anything contained in the Usurious Loans Act, 1918, or any other law relating to indebtedness in force in any State, a transaction between a banking company and its debtor shall not be re-opened by any Court on the ground that the rate of interest charged by the banking company in respect of such transaction is excessive.
- There are 45 players in a sports camp with an average age of 26 years. 5 more players join, decreasing the average to 25. Find the average age of the new p...
The average weight of five friends A, B, C, D and E is (x+8) years while the average weight of C and E is (x-8) kg. If the weight of another person F is...
Average run scored by a batsman in 60 innings is 180. In next 6 innings, he scored runs with an average of ‘x’ so that his overall average increases...
Average run scored by a batsman in first ‘x’ matches is 20. In next 5 matches he scored runs with an average of 60 so that his overall average incre...
Average marks scored by Vineet in five subjects are 85. The average marks scored by him (excluding his highest and lowest marks) are 70 and lowest marks...
- The average age of (x + 3) students of a class is 12 years. If the 42 years old class teacher is also included then average age of the class gets increased...
There are three classes P, Q and R. The average marks of class P is 75. The average marks of class Q is 80. The average marks of class R is 85. The aver...
In a cricket match the captain of one of a team scored 24 runs more than the average runs scored by the remaining 7 batsmen of that team who batted in t...
The average age of (x + 7) trainees is 17 years. When a 39-year-old trainer joins, the average becomes 18 years. Find x% of 500.
The average age of three children is 20 years. If their ages are in the ratio 2:3:5. Find the age of the youngest child.
Relevant for Exams:
