Question
? = 2640 ÷ {(35% of 1240) –
170}Â What will be come in place of question mark (?)Solution
ATQ, ? = 2640 ÷ {(35% of 1240) – 170} ? = 2640 ÷ (0.35 × 1240 – 170) ? = 2640 ÷ (434 – 170) ? = 2640 ÷ 264 ? = 10
IRF and FRA are over the counter (OTC) instruments to cover interest rate risks
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