Question
Rs. 9000 is invested in scheme ‘A’ for 2 years and
Rs. 7500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 10% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.Solution
Interest received from scheme ‘A’ = 9000 × 10 × 2 ÷ 100 = Rs. 1800 Let the rate of simple interest offered by scheme ‘B’ = ‘k%’ p.a. ATQ; 7500 × 2 × k ÷ 100 = 1800 Or, 150k = 1800 Or, k = (1800/150) = 12 So, rate of simple interest offered by scheme ‘B’ = 12% per annum.
Regarding DigiLocker, sometimes seen in the news, which of the following statements is/are correct?
1. It is a digital locker system offered by t...
By when did the Reserve Bank of India (RBI) direct all banks to ensure full compliance with KYC provisions, as per the guidelines introduced in 2002?
RBI recently mandated that the NBFCs must constitute nomination and remuneration committee (NRC) and this NRC will ensure the implementation of ICAAP- a...
Stand Up India Scheme provide financial aid for Working Capital needs through which organisation?
Which one of the following is a purpose of ‘UDAY’, a scheme of the Government?
What is the primary objective of the Open Network for Digital Commerce (ONDC)?
In the parlance of financial investment the term ‘bear’ denotes
Which of the following can be defined as a solution that enables banks to offer a multitude of customer-centric services on a 24x7 basis?
Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched in ________________.
Consdier the following statement about International Food Policy Research Institute (IFPRI):
I. IFPRI was established in 1976.
II. It prov...
