Question
Which committee's recommendations led to the formation
of the National Bank for Agriculture and Rural Development (NABARD)?Solution
The Shivaraman Committee's proposals were instrumental in establishing NABARD, which was enacted through the National Bank for Agriculture and Rural Development Act of 1981, taking over functions from several RBI departments and the ARDC.
Simran Funded Rs. 70,000 in two different SIP's. She funded the smaller amount at CI of 20% p.a. compounded annually, and larger amount at SI of 16.5% f...
Simple interest earned at the end of 3 years on a sum of Rs. 5,400 is Rs. 2,025. If Rs. 4,000 is invested at same rate of simple interest for the same t...
A sum of Rs. 30,000 is invested in SIP 'C' which offers 12% p.a. simple interest for 3 years. The interest received from SIP 'C' is invested in SIP 'D' ...
A sum on simple interest becomes 9/4 times of itself in five years, find the rate of interest.
A man invested Rs. 30,000 at simple interest of 'x%' p.a. and received Rs. 45,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%...
A took a loan of Rs.4880 at simple interest of 25% p.a. and invested the same money in a scheme at simple interest of 35% p.a. Find the profit earned by...
Jeeva invested Rs. 30,000 at a compound interest rate of 24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize ...
The speeds of boats A and B in still water are in the ratio 5:3. The upstream speed of A is the same as the downstream speed of B. If the stream flows a...
The simple interest on a sum of Rs X in 5 years is 4/5 of the principal. What is the annual rate of interest?
- An amount of Rs. x is invested in SIP ‘A’ under compound interest at a rate of 16% per annum, compounded annually, for 2 years. Another amount, Rs. (2x...
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