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Q:

R borrowed Rs. 1,200 at 13% per annum simple interest. What amount will R pay to clear the debt after 5 years?

A) Rs.1,860 B) Rs.1,800
C) Rs.1,980 D) Rs.2,000
 
Answer & Explanation Answer: C) Rs.1,980

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams

Q:

Ms. Sushmitha borrowed Rs. 900 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) 261 B) 1161
C) 1116 D) 216
 
Answer & Explanation Answer: C) 1116

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

On 29 September 2017, SEBI allowed Sovereign wealth fund and other long term Foreign Portfolio Investors (FPIs) to buy corporate debt up to ______ in infrastructure sector.

 

A) Rs 9500 crore B) Rs 5000 crore
C) Rs 15,000 crore D) Rs 20,000 crore
 
Answer & Explanation Answer: A) Rs 9500 crore

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

Ms. Alina borrowed Rs.650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) Rs. 165 B) Rs. 860
C) Rs. 806 D) Rs. 156
 
Answer & Explanation Answer: C) Rs. 806

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) 282 B) 1187
C) 1178 D) 228
 
Answer & Explanation Answer: C) 1178

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

The public debt is the

A) total amount borrowed by the government of a country B) The funds raised for a cause in the country
C) the tax amount overall the country D) none
 
Answer & Explanation Answer: A) total amount borrowed by the government of a country

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

Q:

Which of the following CANNOT be called a Debt instrument as referred in financial transactions?

A) Certificate of Deposits B) Bonds
C) Stocks D) Commercial Papers
 
Answer & Explanation Answer: C) Stocks

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Debts owed by a business are referred to as

A) Liabilities B) Credits
C) Account receivables D) Owner's Equity
 
Answer & Explanation Answer: A) Liabilities

Explanation:

Debts owed by a business are referred to as Liabilities. Liabilities include all loans, outstanding expenses, mortgages, creditors, etc...

 

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Filed Under: Business Awareness
Exam Prep: Bank Exams , CAT