Question
A man spent 38% of his income in May. If his savings is
increased by 20% in June and becomes Rs. 14880, then find the income of man in May.Solution
Savings of man in May = 14880 × (100/120) = Rs. 12400 So, income of man in May = 12400/0.62 = Rs. 20000
Consider the following statements regarding bullion:
1) Bullion is a precious metal like gold or silver that is valued by weight and purity. <...
With respect to Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a person can join PMJJBY with one Insurance company with ________ bank account.
The Cash Reserve Ratio (CRR) is the percentage of a bank's deposits that it must maintain as reserves with which entity?
1)Â Â Â Reserve Bank...
What does MRR stand for?
MNO Ltd got its bond rated by a credit rating agency. The rating given to the bond was lsquo;AA-lsquo;. What does this rating indicate?
Which of the following best describes the role of the Capital Asset Pricing Model (CAPM) in determining the required return on an asset in the capital ...
According to the provisions of the Companies Act for issuing a red herring prospectus, which of the following statements is correct?
Which of the following statement is incorrect with regard to Resident SB a/c opened jointly with NRI close relative?
A.Cheques favouring the NRI ...
How should fees and commissions earned by banks through debt renegotiations or rescheduling be recognized?
Which term refers to the specific rate of interest carried by a bond?
