Question
The average age of 'p' employees
in the HR department is (p – 6) years. Two managers aged 36 and 40 join the department, causing the overall average age in HR to rise by 2 years. In the IT department, there are (p + 35) employees, and 25% of them are women. The average age of each woman is 14 years, and the average age of each man is 16 years. Find the average age of an employee in the IT department.Solution
ATQ,
We have the equation: p × (p – 6) + 36 + 40 = (p + 2) × (p – 6 + 2) Simplifying: p² – 6p + 76 = p² + 2p – 4p – 8 So, 76 + 8 = –2p + 6p 4p = 84 p = 21 Number of employees in the HR department = 21 Number of employees in the IT department = p + 35 = 56 years Number of women in IT = 0.25 × 56 = 14 years Number of men in IT = 56 – 14 = 42 years Required average age = {(14 × 14) + (42 × 16)}/56 = (196 + 672)/56 = 868/56 = 15.5 years
What is the maximum loan amount under the 'Mudra' Shishu scheme?Â
In a Self-Help Group (SHG), the 'Corpus' of the group is primarily formed by:Â
'CIBIL Rank' for MSMEs (CIBIL MSME Rank) is provided on a scale of:Â
Regarding Letter of Credit (LC) and Bank Guarantee (BG):
1. LC is a primary payment mechanism used in trade.
2. BG is a contingent liabili...
A 'Hybrid' instrument is one that:Â
In case of securitization of standard assets, what is the Minimum Retention Requirement (MRR) for underlying loans of maturity – 24 months or less; ? ...
Under the Negotiable Instruments Act, 1881, which of the following is NOT a 'Negotiable Instrument' by statute?Â
Which of the following is not true about Pradhan Mantri Mudra Yojana?
1. Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’bl...
Under the prompt corrective action (PCA) framework, which of the following parameters is NOT monitored by the RBI?Â
What is the minimum paid-up equity capital required to set up a Small Finance Bank (SFB) as per current RBI norms?Â