Get Started with ixamBee
Start learning 50% faster. Sign in now
The Reserve Bank of India was nationalized on January 1, 1949, transitioning from a privately-held institution to full government ownership. This strategic nationalization occurred shortly after India's independence and represented a critical component of the country's economic reforms. The nationalization ensured that monetary policy would be aligned with national interests rather than private sector priorities. Today, the RBI serves multiple crucial functions: formulating monetary policy, issuing currency, supervising financial institutions, maintaining financial stability, managing foreign exchange reserves, and acting as the lender of last resort during economic crises. The bank's transition to public ownership has enabled it to implement important initiatives including rural banking expansion and guided credit distribution in support of India's economic development objectives.
"Zampa invested Rs.__________ in an SBI Contra fund with a 20% annual compound interest, compounded annually. At the end of each year, the bank deducts ...
A certain sum of money becomes 5000 in 6 years and Rs. 6240 in 10 years at any certain rate of simple interest. Find the principal amount.
₹2,500, when invested for 8 years at a given rate of simple interest per year, amounted to ₹3,725 on maturity. What was the rate of simple interest...
Amit invested Rs. 96,000 in two SIPs labeled 'P' and 'Q.' SIP 'P' offers an annual interest rate of (p - 3)%, and SIP 'Q' offers (p + 3)% interest, both...
A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at a...
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 8 years and that for 10 years?
In how many years will a sum of ₹10,000 become ₹13,310 at 10% compound interest per annum, compounded annually?
Vikram had Rs. 9500 with him. He invested 35% of the sum at 11% p.a. and the rest at 16% p.a., both at simple interest for 4 years each. Find the total ...
Sunil invested Rs. ‘5x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of ...
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...
