Question
Monthly savings of βQβ is 20% more than that of
βPβ and is 44% less than monthly income of βPβ. Monthly expenditure of βQβ is Rs. 4760 and ratio of monthly income of βPβ and βQβ is 15:22, respectively. Find monthly expenditure of βPβ. MTSolution
Let monthly income of βPβ and βQβ be Rs. β15xβ and Rs. β22xβ, respectively Monthly savings of βQβ = 56% Γ 15x = Rs. 8.4x Monthly savings of βPβ = {8.4/1.2} = Rs. 7x Monthly expenditure of βPβ = 15x β 7x = Rs. 8x Monthly expenditure of βQβ = 22x β 8.4x = Rs. 13.6x Or, 13.6x = 4760 Or, x = 4760/13.6 Or, x = 350 Monthly expenditure of βPβ = 8 Γ 350 = Rs. 2800
The Reserve Bank of India (RBI) has granted an βInfrastructure Finance Company (IFC)β status to Indian Renewable Energy Development Agency (IREDA). ...
What is the purpose of the Standing Deposit Facility (SDF) introduced by the RBI in April 2022?
As of end-November 2021, India was the fourth largest forex reserve holder in the world after?
Since the middle of the previous decade, RBI and the government have made dedicated efforts in terms of calibrated policy measures like strengthening th...
Rural youth belonging to poor families are identified and trained for Self-employment in RSETIs. What does the “E” stand for in RSETIs?
Which of the following organisations come up with Inflation Expectations Survey of Households (IESH)?
Which of the following Statements is/are True?
I- AT-1 bonds are a type of unsecured, perpetual bonds.
II- The return on AT-1 bonds is usu...
Ensuring hassle-free credit availability at a cheaper rate to farmers has been the top priority of the Government of India. Accordingly, the Kisan Credi...
The Reserve Bank of India (RBI) has granted an βInfrastructure Finance Company (IFC)β status to Indian Renewable Energy Development Agency (IREDA). ...