Question
What will be the simple interest on Rs. 6,20,000 from
March 30, 2011 to November 04, 2011 at 12 % p.a?Solution
Principal= Rs. 6,20,000, R= 12% p.a., T = 219 days = `(219)/(365)` Year ∴ Simple Interest = `(620000 xx 12 xx 219)/(100 xx 365)` S I = Rs. 44,640
An Indian exporter raises a Letter of Credit (LC) worth USD 1,00,000. The exchange rate on the LC issuance date is ₹83.50/USD. The bank charges 0.25% ...
Which of the following would not affect bank reconciliation?
Maximum period for which a commercial bank can accept term deposits is:
The "Basle III" norms primarily focus on:
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...Which among the following items link the Income Statement and the Balance Sheet
Which of the following is not allowed in small accounts?
The Basel III framework introduced a new capital buffer called the Countercyclical Capital Buffer (CCyB). What is its primary purpose?
"Credit Default Swap" (CDS) is a type of:
What is required for conducting V-CIP (Video-Based Customer Identification Process)?
Relevant for Exams:
