Ramesh, Rajan and Ritesh enter into partnership by making investments in the ratio 3 : 5 : 7. After a year, Ritesh invests another Rs. 337600 while Ramesh withdraws Rs. 45600. The ratio of investments then changes to 24:59:167. How much did Ramesh invest initially?
Let the initial investments of Ramesh, Rajan, Ritesh be Rs. 3x, 5x and 7x respectively. => (3x – 45600) : 5x : (7x + 337600) = 24:59:167 => (3x – 45600)/5x = 24/59 => x = 47200 ∴ Ramesh initially invested Rs. (47200 × 3) = Rs. 141600
How many countries use the euro as their official currency in the European Union?
Consider the following statements with respect to the Finance Commission -
I. The Finance Commission (FC) is a constitutional body that deter...
Regarding the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), consider the following statements:
I.The scheme aims to ensure 10...
Which of the following is a ratio wherein the commercial banks have to hold a certain minimum amount of deposit as reserves with the central bank?
Doubtful Debts are NPAs in the doubtful debts category have been past due for at least ___________.
When the Reserve Bank of India announces an increase of the Cash Reserve Rate, what does it mean?
Which institution or agency publishes the "Annual Observance Report"?
Nitin Gupta has been reappointed as chairman of which of the following?
Consider the following statements about the International Financial Service Centers Authority (IFSCA):
1. It is a unified authority for developin...
‘Belt and Road Initiative’ is related to which of the following country?