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
Consider the income of new Private Banks in 2021-2022 as ₹ 8000 Crore. If the expenditure of new Private Banks in 2021-2022 is same as their income, then the difference in income of new Private Banks in 2021-2022 and 2022-2023 will be approximately ___________ % of the difference in expenditure of new private banks in 2021-2022 and 2022-2023.
- A.
52
- B.
76
- C.
84
- D.
118
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Correct answer: C
Given income for New Private Banks in 2021-2022 is ₹8000 Crore. Expenditure equals income, so it is also ₹8000 Crore.
Income increased by 37% and expenditure by 44% from 2021-2022 to 2022-2023. Income difference = ₹8000 * 0.37 = ₹2960 Crore. Expenditure difference = ₹8000 * 0.44 = ₹3520 Crore.
Required percentage = (2960 / 3520) * 100 ≈ 84.09%.