● Statement 1 is incorrect: The currency exchange transactions may cause volatility in the exchange rates due to speculative trading leading to appreciation or depreciation in the value of a currency as the case may be. Currency exchange transactions done by the authorized currency dealers are subjected to GST. Tobin tax was suggested to avoid speculation and volatility in the currency exchange market. It does not deal with the volatility in the stock market. ● Statement 2 is correct: Scarcity of Dollar in Indian market in relation to its demands leads to appreciation in the price of dollar and depreciation in the Indian rupee with respect to dollars. This situation is not favorable for the importers as for goods worth 1 dollar, more rupees are to be spent. However, this benefits the exporters, as their goods appear cheaper in the international market. ● Statement 3 is incorrect: Nominal Exchange rate refers to the price of a currency of a country with respect to Dollar. It is not adjusted for the effects of inflation and the purchasing power of the country.
If the difference between C.I. and S.I. is Rs. 512 at 20% rate of interest in 3 years, then find the principal on C.I.?
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (co...
The difference between the simple interest for two years and the compound interest for one year on a sum of money is Rs.273. In which compound interest ...
A certain sum of money becomes 7000 in 6 years and Rs. 8240 in 10 years at any certain rate of simple interest. Find the principal amount.
A table is available for Rs.350 or for Rs. 150 cash down payment together with Rs.230 to be paid after two months. Find the rate of interest charged und...
'R' invested Rs. 24,000 in SIP 'A' with a compound interest rate of 20% per annum compounded annually, and Rs. 18,600 in SIP 'B' with a simple interest ...
A sum of Rs. 3500 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
A man invested Rs.Y in a scheme S at 14% rate of simple interest for 7 years. After 7 years, he reinvested the amount received from the scheme S at same...
Rs. 25,000 invested at simple interest of 6% p.a. yields the same interest after 2 years as Rs. 40,000 when invested at simple interest of 'y%' p.a. yie...
Viraj invested Rs. 3500 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...
