Questions

• Two Indian companies, Tata SteelBSE and Wipro have been named in the list of world’s most ethical companies by American think tank Ethisphere Institute.

• Ethisphere honors those companies who recognize their role in society to influence and drive positive change in the business community and organizations around the world.

• In 2017, 124 honorees were spanning five continents, 19 countries, and 52 industry sectors.

• Wipro is one of the two information technology companies named in the list, the other being Xerox Corporation.

I. gives, Rate = 5% p.a.

II. gives, S.I. for 1 year = Rs. 600.

III. gives, sum = 10 x (S.I. for 2 years).

Now I, and II give the sum.

For this sum, C.I. and hence amount can be obtained.

Thus, III is redundant.

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

Thus, Rate =

100 x 1200

= 5% p.a.

2 x 12000

Thus, C.I. for 2 years and therefore, amount can be obtained.

Thus, I is redundant.

Hence, I or III redundant.