Bank Clerk Questions

what is 70 of 50 means 70% of 50

$$\begin{gathered} ⇒70 x 50100 \\ = 7 x 5 \\ = 35 \end{gathered}$$

Hence, 70 of 50 is 35.

10% profit at half plot = 600000/2 x 10/100 = Rs. 30,000

15% profit at remaining half plot = 600000/2 x 15/100 = Rs. 45,000

Now, total profit = 30000 + 45000 = 75000

Profit % = 75000/600000 x 100 = 12.5 %

The primary goals of financial management dwell on both short-term and long-term activities that seek to maximize value creation from scarce financial resources. And then the primary goal of financial management is to Maximize the current value per share of the existing stock.

All businesses aim to maximize their profits, minimize their expenses and maximize their market share. Here is a look at each of these goals.

Financial management is a process that enables a business to plan, direct, organize, monitor and control its current and future financial resources and events. It involves applying the basic principles of management in financial activities such as purchases, sales, capital expansion, inventory valuation, financial reporting, and profit distribution.

India’s first smartcard-based Public Bicycle Sharing (PBS) initiative has launched in Mysuru, Karnataka on June 4, 2017. The cost of the project, partly funded by World Bank’s Global Environmental Facility, for the next six years is Rs 20.5 crore, covering the maintenance of the docking stations and bicycles. About 450 bicycles will be available for public use in the city. To rent a bicycle, the citizens of Mysuru or tourists need to register themselves either online or by visiting one of the six registration centres situated close to tourism centres and obtain a smart card after paying Rs. 350, including a refundable deposit of Rs. 250. Though the use of the bicycle is free for the first one hour, the users will have to pay a nominal fee of Rs. 5 for two hours, Rs. 10 for three hours and so on.

Answer 1) True

Answer 2) Cannot tell

Answer 3) True

S.I. for 2 years = (514 - 415) = Rs. 99
S.I. for 1 year = 99/2

Principal = (415 - 99) = Rs. 316.

Railway Minister Suresh Prabhu on 18th March, 2017 flagged off the first fully India-made suburban train 'Medha'. The train will save foreign exchange worth ₹32 crore per rake along with 25% saving in the manufacturing cost. It can run at a maximum speed of 105 km per hour, and has been fitted with LED lights and GPS-based passenger information system.