The following table shows the percentage (%) increase in income and…
2024
The following table shows the percentage (%) increase in income and expenditure of various types of Banks, namely PSU Banks, Old Private Banks, New Private Banks and Foreign Banks over the previous year during the year 2021-2022 and 2022-2023. Based on the data in the table, answer the questions that follow :
Income and expenditure details of Banks
Bank type | Percentage Increase in Income over previous year (2021-2022) | Percentage Increase in Income over previous year (2022-2023) | Percentage Increase in Expenditure over previous year (2021-2022) | Percentage Increase in Expenditure over previous year (2022-2023) |
PSU Banks | 15% | 17% | 13% | 22% |
Old Private Banks | 20% | 14% | 15% | 17% |
New Private Banks | 44% | 37% | 42% | 44% |
Foreign Banks | 9% | 12% | 4% | 11% |
Note: In the above table, the meaning of any figure x% is as follows :
(I) x% in 2021-2022 means income or expenditure in 2021-2022 is x% more than that in 2020-2021.
(II) x% in 2022-2023 means income as expenditure in 2022-2023 is x% more than that is 2021-2022
In 2021-2022, if the income of PSU Banks is twice the expenditure of Foreign Banks, then in 2022-2023, what will be the ratio of income of PSU Banks to the expenditure of Foreign Banks ?
- A.
1 : 2
- B.
78 : 37
- C.
75 : 29
- D.
2 : 1
Show answer & explanation
Correct answer: B
Let Income of PSU Banks in 2021-22 be I and Expenditure of Foreign Banks in 2021-22 be E. Given I = 2E. Income of PSU Banks in 2022-23 increases by 17%, so new income = 1.17I. Expenditure of Foreign Banks in 2022-23 increases by 11%, so new expenditure = 1.11E. Ratio of Income(PSU, 2022-23) to Expenditure(Foreign, 2022-23) = (1.17I) / (1.11E). Substituting I = 2E: Ratio = (1.17 * 2E) / (1.11E) = 2.34 / 1.11. Simplifying the fraction: 234/111 = 78/37.