Question
A, B and C start a business. A invests Rs. 30,000 for 12
months, B invests Rs. 40,000 for 9 months and C invests Rs. 50,000 for 6 months. If the total profit at the end of the year is Rs. 34,000, what is B’s share of the profit?Solution
ATQ, Investment × time: A: 30,000 × 12 = 3,60,000 B: 40,000 × 9 = 3,60,000 C: 50,000 × 6 = 3,00,000 Ratio A : B : C = 360000 : 360000 : 300000 Divide by 60,000 → 6 : 6 : 5 Total parts = 6 + 6 + 5 = 17 Total profit = 34,000 B’s share = (6/17) × 34,000 34,000 / 17 = 2,000 So B’s share = 6 × 2,000 = 12,000
Which among the following is/are the area(s) of operation regarding which complaints can be received by the Banking Ombudsman?
Who are the primary participants allowed on the RBI's NDS-OM platform for G-Sec trading?
If Current Assets are 50,000 and Creditors is 7,000 and the Bank overdraft is 5,000, what will be figure of the Working Capital?
Securities with the combination of characteristics of debt and equity securities are known as
What is the main objective of KYC guidelines followed by Banks?
I- It helps prevent banks from using criminal networks.
II- KYC helps the ...
Within how many days must a startup report the issuance of convertible notes to non-residents to the RBI?
ALM is concerned with strategic balance sheet management involving all market risks. ‘M’ in ALM stands for____________.
What is the main function of Central Depository Services (India) Ltd (CDSL)?
Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?
........................................is a contractual agreement made between two parties, in which one party agrees to pay for potential losses or da...