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
If the expenditure of foreign Banks in 2020-2021 is equal to their income in that year and is equal to ₹ 60,000 crore, then in 2022-2023, what is the difference in income and expenditure of Foreign Banks ?
- A.
₹ 3984 crore
- B.
₹ 4000 crore
- C.
₹ 5462 crore
- D.
₹ 3460 crore
Attempted by 1 students.
Show answer & explanation
Correct answer: A
Given: Expenditure of Foreign Banks in 2020-2021 = Income in 2020-2021 = ₹60,000 crore. Income in 2021-2022 = 60,000 * (1 + 9/100) = ₹65,400 crore. Income in 2022-2023 = 65,400 * (1 + 12/100) = ₹73,248 crore. Expenditure in 2021-2022 = 60,000 * (1 + 4/100) = ₹62,400 crore. Expenditure in 2022-2023 = 62,400 * (1 + 11/100) = ₹69,264 crore. Difference in 2022-2023 = Income - Expenditure = 73,248 - 69,264 = ₹3,984 crore.