Question
What is the primary objective of the Fiscal
Responsibility and Budget Management (FRBM) Act in India?Solution
The FRBM Act aims to institutionalize financial discipline, reduce fiscal deficits, improve macroeconomic management, and enhance the overall transparency in the fiscal operations of the government.
Same amounts are invested in two schemes with 8% interest for 2 years, one scheme at S.I. and another scheme at CI. If he received Rs. 41875.2 after 2 ...
A sum of ₹12,000 is invested at a rate of 5% per annum for 3 years. What will be the total amount at the end of the investment period, including inter...
Determine the value of 'K' if an investment of Rs. 30,000, made under a simple interest scheme at an annual rate of 18%, yields an interest amount of Rs...
At what % of simple interest per annum will Rs. 600 amount to Rs. 780 in five years?
- Sneha lends Rs. 10,400 on simple interest at 9% annually for 2 years. If she receives Rs. '2k' at the end, calculate the product of digits of 'k'.
The simple interest on a sum of money is 4/25 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per ...
An amount of Rs. 7200 is invested at 30% p.a. simple interest for 5 years. The interest gained is then deposited at 10% p.a. compound interest for 2 yea...
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2700 after 3 years. If the same amount is investe...
Raj invested Rs. ‘5y’ in scheme ‘C’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘C’ at the end of 3 ...
A man invested Rs. 15,000 at simple interest of 'x%' p.a. and received Rs. 30,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%...
