Question
No company other than a banking company shall use as
part of its name or, in connection with its business nor shall any company carry on the business of banking in India unless it uses as part of its name at least one of the ________________ wordsSolution
Banking Regulation Act Bank, Banker or Banking or Banking Company, Reason: Section 7- Use of words "bank", "banker", "banking" or "banking company"- No company other than a banking company shall use as part of its name or, in connection with its business any of the word’s "bank", "banker" or "banking" and no company shall carry on the business of banking in India unless it uses as part of its name at least one of such words.
A and B enter into a partnership with their initial sum of Rs.35000 and Rs.40000 respectively. After 6 months, a third person C also joins them with his...
A and B entered into a business investing their capital in the ratio of 16:21, respectively and the respective ratio of time for which they made their i...
Rs. ‘y’ was invested in scheme A at the rate of 21% per annum for (t+2) years. Rs. (y+2400) was invested in scheme B at the rate of 18% per annum fo...
The contributions made by Amit and Bupi are in the ratio of 5:3. If 20% of total profit is donated and Amit gets 5000 as his share of profit, what is th...
A, B and C joined into a partnership with investment in the ratio of 6 : 7 : 9 respectively. Behind one year, B doubled his investment. At the end of ...
Ashish started a business by investing Rs. 1400. Few months later; Ramesh joined him by investing Rs. 1600 such that at the end of the year, the profit ...
P, Q and R invested their money in the ratio 4 : 5 : 7 respectively. The total amount invested by them was Rs. 5,90,000 and the profit earned was 40% of...
A invest twice the sum invested by B and withdraws half of sum after 4 months and again withdraws half of the remaining sum after 6 months. Find ratio o...
A started a business with an investment of Rs.1800. After some months, B joins the business with an investment of Rs.3600 and after two more months C jo...
Chintu and Jimmy started a business by investing Rs.(3a - 200) and Rs.(4a - 400) respectively. Chintu invests his amount for 8 months whereas Jimmy inve...
