Question
The ratio of the incomes of Vineet and Vidya is 8:5
respectively. Vineet saves 30% of his income while Vidya saves 20% of his income. The sum of their expenditures is Rs.19200. Find the difference between their incomes.Solution
Let the incomes of Vineet and Vidya be Rs. 8x and Rs. 5x respectively. According to the question, => 0.70 x 8x + 0.80 x 5x = 19200 => 5.6x + 4x = 19200 => x = 2000 Required difference = 8x – 5x = 3x = Rs.6000
What is the minimum tenure of deposits to be taken by NBFCs?
In SFMS, M denotesÂ
Stale cheque is a ___.
BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous positi...
Obligations under Prevention of Money Laundering Act 2002 is defined under which section?
Which committee is related to the Reforms related to Non-Banking Financial Companies (NBFC)?
Under PPI user can transfer funds from one mobile wallet to another. As RBI is soon to allow inter-operability among PPIs. PPI stands for
What is SARFAESI about?Â
According to Basel II, what are the three types of risks?
I. Operational risk
II. Financial risk & infrastructure risk
III. Mar...
What is Reverse Mortgage?