Question
An amount of Rs. 2400 is invested at an annual compound
interest rate of 20%, while another amount of Rs. 1600 is invested simultaneously at an annual simple interest rate of 15%. Calculate the total interest generated from both investments after 2 years.Solution
Required interest earned = 2400 × {(1.2)2 – 1} + (1600 × 0.15 × 2) = Rs. (1056 + 480) = Rs. 1536
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
At 31 Mar, management projects a worst-case stress showing net technical provisions plus URR exceed current solvency margin by 10%. Regulator requires p...
A bank has statutory reserve requirement of 25% of Net Profit before appropriations. Net Profit before appropriations = ₹40 crore. Transfer to reserve...
Which portal monitors outstanding dues to MSEs?
A customer reports unauthorized transactions on their digital banking app. Under RBI’s directions, if the customer informs the bank within 3 days, wha...
As per Schedule I, any kind of disposal or transfer of business assets made by an entity on a permanent basis qualifies as supply, even though it is wit...
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence ...
A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue a...
A bank’s Profit before appropriations = ₹20 crore. Statutory reserve requirement is 25%. The bank also transfers ₹2 crore to Investment Fluctuatio...
A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
Relevant for Exams:
