Question
Rs. 8800 is invested in scheme ‘A’ for a year at
simple interest of 20% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ which offers compound interest (compounded annually) of 40% p.a. What is the total amount received from scheme ‘B’?Solution
Interest received from scheme ‘A’ = 8800 × (20/100) = Rs. 1760 Amount received from scheme ‘B’ = 1760 × {1 + (40/100)2} = 1.96 × 1760 = Rs. 3449.6
Consider the following statement/s about Expansionary Monetary Policy:
I. An expansionary monetary policy is focused on increasing the money supp...
The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to?
...The Foreign Exchange Management Act,_________ , is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with...
The National Payments Corporation of India (NPCI) is an initiative taken by the _____________to operate the retail payments and settlement systems in In...
What does a regulatory sandbox refer to?
Which of the following is/are potential benefits of incoming Foreign Direct Investments (FDI) in a country?
1. Human resource development
Export Promotion Capital Goods (EPCG) Scheme allows import of capital goods for pre-production, production and post-production at how much customs duty?
Which Indian insurer has found place in the Brand Finance report?
In the context of Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
1. To enable the ...
Banking Regulation Act was enacted in _______________.
