Question
A piggy bank holds 10-paise, 20-paise, and 50-paise
coins in the ratio of 17:19:8. If the total value of all the coins combined is Rs. 2280, determine the number of 20-paise coins in the piggy bank.Solution
Let number of 10-paise, 20-paise and 50-paise in the piggy bank is 17x, 19x and 8x respectively.
So, 17x/10 + 19x/5 + 8x/2 = 2280
Or, 1.7x + 3.8x + 4x = 2280
Or, 9.5x = 2280
Or, x = 240
So, number of 20-paise coins in the piggy bank = 240 × 19 = 4560
Which of the following is a key factor considered in calculating the Loss Given Default (LGD) in credit risk models?
Which of the following is a characteristic of a global financial center?
1) Presence of a large number of financial institutions and services.
Legal risk in a bank can lead to which of the following?
                     I.       claims against institution,<...
As per Section 47 of the Companies Act, 2013, every member of a company limited by shares and holding equity share capital therein, shall ha...
Export/import to which of these countries cannot generally be settled through Asian Clearing Union mechanism?
For more than three years (unsecured) doubtful advances, provision will be made for
Consider the following statements about the budget estimates of fiscal year 2023-24.
1. The share of subsidies is more than the share of defen...
Which of the following best describes a "bulge bracket" investment bank?
The Prime Minister’s Task Force on MSMEs has set annual lending targets for banks. What is the recommended year-on-year growth in credit and accounts ...
What does MRR stand for?
Relevant for Exams:
