Some amount out of Rs.12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amount collected was Rs.7200. What is the amount which was lent out at 10% per annum?
Overall rate of interest = (12000×R×5)/100 = 7200 R = 12% Using allegation method, 
Money lent @ 10% = 2/3 × 12000 = Rs. 8000
In the banking parlance, CTS stands for –
What would be the profit as per cash basis of accounting based on the following information:
Revenues on account = Rs.50000
Cash Sales =...
All revenues received by the Government, loans raised by it, and also receipts from recoveries of loans granted by it, together form the _________.
Financial inclusion is a crucial aspect of promoting economic growth and reducing poverty. Which of the following strategies are commonly used to enhanc...
Which type of fund do not require Parliamentary authorization for withdrawals?
The Reserve Bank of India, recently has proposed to hike UPI (Unified Payment Interface) transaction limit for investing in IPO to…………………...
International Financial Services Centres Authority (IFSCA) has signed a FinTech Co-operation Agreement (CA) with which of the following organisations to...
Which of the following is not a right statement for a Drawing Power?
Which financial center has moved up 14 places in the GFCI 35 rankings for the Middle East & Africa region?
Linear model of communication involves: -
