Question
In which year was the Fiscal Responsibility and Budget
Management (FRBM) Act enacted?Solution
The FRBM Act, passed in 2003, aims to institutionalize fiscal discipline and reduce India's fiscal deficit. It requires the government to adhere to targets for revenue and fiscal deficit reductions.
The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,020, if interest is compounded annually. Find the simple interest on that...
- Sunita invested Rs. 10,000 in scheme ‘M’ offering simple interest of 11% p.a. After 2 years, she invested the entire interest earned in scheme ‘N’ ...
A person invested Rs. 50,000 in scheme A that offers simple interest at 25% p.a. Four years later, they withdrew Rs. x from scheme A and placed it in sc...
A sum of Rs. x is invested at simple interest at 9% per annum for 5 years. If another sum of Rs. (x + 200) is also invested at the same rate for the sa...
- Rohit invested Rs. ‘x’ at the rate of 10% p.a. simple interest for 4 years and Anil invested Rs. 70% of x at 8% p.a. compounded annually for 2 years. I...
Compound interest on a certain sum of money for 2 years is Rs.2280 while the simple interest on the same sum for the same time period is Rs.2000. Find t...
A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount b...
The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2700 after 4 years. If the same amount is investe...
The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will be
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