Question
A invested Rs. ‘x’ in a scheme offering compound
interest of 12% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 7456), then find the value of ‘x’.Solution
According to the question, x – 7456 = x × 1.12 × 1.12 – x Or, 0.7456x = 7456 Or, x = 10000
When was the first phase of the India Post Payment bank inaugurated?
The Reserve Bank of India observed ______________, 2022 as Financial Literacy week 2022.
In the context of Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?Â
1. To enable the ...
Consider the following statements regarding Pradhan Mantri Jan Aarogya Yojana (PM-JAY):
I. It targets the beneficiaries as identified by Socio-Ec...
The Paris Agreement is a legally binding international treaty on climate change whose overarching goal is to hold the increase in the global average t...
Commercial banks create money in the following ways:
Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) under RBI’s ___...
Which of the following is not included in the assets of a commercial bank in India?
Inland Waterways Authority of India is the statutory authority in charge of the waterways in India.It was constituted under IWAI Act-_______Â by the Pa...
Which one of the following measures is not likely to aid in improving India’s Balance of Payment position?
