Which of the following statements about REER is not correct?
Real Effective Exchange Rate (REER) is an average of bilateral nominal effective exchange rates (NEER) that have been adjusted for inflation i.e. relative price differential between the domestic and foreign countries. The REER is the weighted average of NEER adjusted for inflation. REER is computed using inflation differential based on CPI (base year is 2004-05) (and not WPI). REERs are summary indicators of movements in the exchange rates of home currency against a basket of currencies of trade partner countries and are considered to be an indicator of international competitiveness. Reserve Bank is providing the REER index (6 and 36 currencies). In order to calculate the weights, the geometric average of India’s bilateral trade (exports plus imports) with countries/regions represented by the 6 currencies/ 36 currencies is taken.
Rs.5,000 is divided into two parts such that if one part is invested at 4% and the other at 5%, then the whole annual interest from both sums is Rs.223....
sum invested at a certain rate of compound interest, compounded annually amounts to Rs.12,240 after 2 years and amounts to Rs. 17,625.6 after 4 years. I...
Veeru invested Rs. 3100 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest...
Aman invested Rs. 'a' and Rs. (a + 2300) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If...
The interest received by investing Rs. 1000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 4 years at simple int...
Rahul invested Rs. 2450 at a 40% per annum simple interest rate for 'y' years, and this investment yielded a total amount of Rs. 4410. Find the interest...
Akshay invested Rs. 2100 in two schemes P and Q in the respective ratio of 9:5. Scheme P and Q are offering simple interest at the rate of 8% per annum ...
A sum of money doubles itself in 4 years in how many years it will be 5 times?
At what % of simple interest per annum will Rs. 400 amount to Rs. 620 in five years?
A man deposited Rs. ‘x + 1300’ at 12% per annum simple interest and earned Rs. 852 as interest after 2 years. Find the interest earned by him if he ...