Question
A and B started a business by investing Rs.500 and
Rs.600 respectively. After 6 months, A increased his investment by Rs.800. Find the ratio of annual profit earned by A and B respectively.Solution
Ratio of annual profit share of A and B respectively = {(500 x 6) + (1300 x 6)} : (600 x 12) = 3:2
The asset size of a non-banking finance company should be _____________ or more in order for it to be identified as a systemically important NBFC.
Consider the following about Prevention of Money Laundering Act.
I. PMLA was enacted in 2002 and it came into force in 2005.
II. The PL...
A lender relies on various sources of information to confirm a business’ operational and financial data . Which of the following documents are used by...
Consider the following statement:
I. MDs and CEOs of asset reconstruction companies (ARCs) cannot have more than three terms in office.
<...Consider the following Statements about Atal Pension Yojana (APY) and choose the option with correct Statements.
I- APY is open to all saving ...
Which of the following is the fiscal deficit for the current year minus interest payments on previous borrowings?
Which insurtech startup has entered into a strategic partnership with the Life Insurance Corporation of India (LIC) through which the latter’s produc...
Which of the following is not a role of GFCs?
During the financial year 2023-24, A had cash sales of ₹3,90,000 and credit sales of ₹1,60,000. His expenses for the year were ₹2,70,000, out of w...
The RBI has allowed international trade settlement in rupees for which AD banks need to open ____________, in terms of Regulation 7(1) of Foreign Exchan...