Question
Income of A is twice the income of B. B and A spend 55%
and 65% respectively of their incomes. Find the savings of A, if B saves Rs. 18000 in a month.Solution
Let, income of B be Rs. ‘x’ Expenditure of B = 0.55x So, 0.45x = 18000 x = Rs. 40000 Income of A = 2 × 40000 = Rs. 80000 Savings of A = 35% of 80000 = Rs. 28000
What is the maximum of credit risk borne by CGTMSE for guaranteed coverage under the CGTMSE scheme?
Which of the following is a Credit information companies (CIC) that provides credit score on individuals?
What is the financial limit on the dispute amount that a customer can bring before the RBI Ombudsman?
The 2026 Scheme is formulated under several statutory provisions. Which of the following Acts does NOT grant statutory authority to this specific framew...
The revised Prompt Corrective Action (PCA) framework is primarily a tool designed by the regulator to manage financial stability. What type of mechanism...
Which of the following types of disputes is explicitly non-maintainable under the institutional exclusion criteria?
For a standard Upper Layer NBFC (other than an Infrastructure Finance Company), what is the baseline exposure limit on a single counterparty?
What structural limitation separates the power of the RBI Deputy Ombudsman from the principal RBI Ombudsman?
If a transaction is reportable in both India and an overseas jurisdiction, what must market participants do if the foreign country has a tighter deadline?
Which statement is correct regarding the role and rights of unsecured creditors under the SARFAESI Act versus the IBC?
