Question
When A's income is doubled and his expenditure remains
unchanged, his savings increase by Rs. 40,000. If B's income is 15% higher than A's initial income and his expenditures total Rs. 20,000, what would B's savings amount to?Solution
Since, when the income of A is doubled and expenditure remained same Therefore, his extra saving will be his original income. Saving of B = 1.15 × 40000 – 20000 = Rs. 26,000
What is the trustee's liability if they commit a breach of trust under the Indian Trusts Act, 1882?
Which of the following is the best explanation of the relevance of equivalent production units in process costing?
What is Cash Reserve Ratio for banks, as stated by RBI as of September 2022?
NaBFID was set up as a DFI that is Regulated and Supervised as AIFI by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 193...
Dividends earned on the investments in shares represents a part of an income. To which of the following categories of income, does it belong to?
One of the bonds used to raise debt is zero coupon bonds. Which of the following statement is incorrect regarding Zero Coupon Bond?
The Unified Pension Scheme (UPS) has been based on the recommendations of which of the following committee?
ABC Ltd’s purchases during the year were Rs 200000. The balance sheet shows an average accounts payable balance of Rs 15000. ABC’s payables period a...
The Risk-Based Internal Audit (RBIA) system is mandated for
Under the Atal Pension Yojana, a n income tax payer will not be eligible for this scheme effective ______
Relevant for Exams:
