Question
What is the difference in the incomes of Pooja and Payal
if their savings are Rs. 1000 and Rs. 500, respectively, and their income-to-expenditure ratios are 3:4 for Pooja and 2:3 for Payal?Solution
ATQ, Let, income of P and Q be Rs. 3x and Rs. 2x respectively. And, expenditure of P and Q be Rs. 4y and Rs. 3y respectively. According to question, 3x β 4y = 1000 ------(i) And, 2x β 3y = 500 --------(ii) After solving (i) and (ii), we get x = 1000 and y = 500 So, income of P = 3x = Rs. 3000 And, income of Q = 2x = Rs. 2000 Therefore, required difference = 3000 β 2000 = Rs. 1000
Reserve Bank of India was set up based on the recommendations of which commission?v
During the ______ foreign exchange crisis, Indians transferred the gold reserve to the Bank of England to secure about 405 million loans.
Titan Company Limited will buy an additional 27.1 percent stake in CaratLane, for a total consideration of ________.
Consider the following statement regarding co-operative credit societies:
1. The first known mutual aid society in India was probably the βAnyo...
Who was the first president of Asian Development Bank (ADB)?
National Cooperative Exports Limited (NCEL) was set up in which of the following year?
Online game streaming and esports content platform, Rooter, has integrated with the _______ to stream curated, high-quality gaming and esports content.
Which of the following is a financial derivative that allows an investor to swap or offset their credit risk with that of another investor?
Which act empowered the RBI to issue 'Asset Reconstruction Companies (ARCs)' licenses in India?
What is the primary function of the World Bank?