Question
Rs. 6250 is placed in plan X earning 28% simple interest
per annum for 3 years. Half of the maturity amount from plan X is then reinvested in plan Y at 20% simple interest for 5 years. What is the interest gained from plan Y?Solution
ATQ,
Amount received from plan X = {(6250 × 28 × 3)/100} + 6250 = Rs. 11,500 Interest received from plan Y = (0.5 × 11,500 × 20 × 5)/100 = Rs. 5,750
What is the minimum capital adequacy ratio required for Indian banks under the Basel III norms?
Which of the following is not a Maharatna Central Public Sector Enterprises (CPSEs)?
Financial Action Task Force (on Money Laundering) headquartered in which city?
Reliance Capital sold a 45% stake in listed subsidiary Reliance Home Finance for _______in the open market, a move that will improve recovery for lenders.
Which bank became the first public sector bank to extend the facility of execution of on-line locker agreement through Digital Document Execution (DDE) ...
Who became the first Indian American to hold the position of President of the World Bank?
Securities Appellate Tribunal (SAT) established in which of the following year?
Consider the following statement/s about Small Industries Development Bank of India (SIDBI):
1. It is the principal financial institution for pro...
Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD ______ per financial year.
which of the following state passed the first State Cooperative Societies Act in 1925?
