Question
A man spends 20% of his monthly salary on rent and 35%
on other expenses. He invests the remaining salary in shares and fixed deposits in the ratio of 7:5. If the difference between his annual investments in shares and fixed deposits is Rs. 19,800, find the amount he spends on rent each month.Solution
Man invests 20%+35% = 55%, rest 45% of his salary he uses to invest Let the monthly money invested on shares and fixed deposits are 7x and 5x respectively. 7x-5x = 19800/12 = 1650 2x = 1650 X = 825 12x = 9900 45% of his salary = 9900 Spend on rent = 20% = 9900/45×20 = 4400
Which of the following statements is/are correct in regards to the Economic survey of India 2022-23?
1.   The Government approved the sett...
Which of the following is not a component of MCLR?
As per the SEBI (International Financial Services Centres) Guidelines, 2015 the stock exchanges operating in IFSC may permit dealing in ______________ t...
The subprime lending meltdown in 2008 made the banks and regulators realize the importance of liquidity risk management in banks. Which of the following...
The minimum subscription amount in case of private placement per investor shall _______________ or equivalent or such amount as may be specified by Boa...
Consider the following statements in regards to the Economic Survey of India 2022-23:
1.India became the second-largest mobile phone manufacturer...
Identify the type of International Financial center.
They are the most well-known and established centers. They are the largest and most influ...
Which of the following statements is/are not correct in regards to the AMRIT DHAROHAR scheme?
- It will be implemented ...
Which of the following institutions/treaties are engaged in setting up of financial standards and regulations that influence the global financial system?
Which is the largest International Financial Services Centres in Asia?
Relevant for Exams:
