According to rating agency Fitch, Indian banks will need approximately how much capital by 2019 to meet new Basel III capital norms? A) $100 billion B) $90 billion C) $85 billion D) $70 billion E) $95 billion

According to rating agency Fitch, Indian banks will need approximately how much capital by 2019 to meet new Basel III capital norms? A) $100 billion B) $90 billion C) $85 billion D) $70 billion E) $95 billion
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B) $90 billion Explanation: According to rating agency Fitch, Indian banks will need about $90 billion of capital to meet new Basel III capital norms to be implemented by the financial year ending March 2019, more than 80% of which will be needed by public sector lenders.
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A man decides to buy a nice horse. He pays $60 for it, and he is very content with the strong animal. After a year, the value of the horse has increased to $70 and he decides to sell the horse. But already a few days later he regrets his decision to sell the beautiful horse, and he buys it again. Unfortunately he has to pay $80 to get it back, so he loses $10. After another year of owning the horse, he finally decides to sell the horse for $90. What is the overall profit the man makes?

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Last Answer : Consider the trade-story as if it describes two separate trades, where: In the first trade, the man buys something for $60 and sells it again for $70, so he makes a profit of $10. In the second trade, ... and the total earnings are $70 + $90 = $160. The overall profit is therefore $160 - $140 = $20.

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Last Answer : Consider the trade-story as if it describes two separate trades, where: In the first trade, the man buys something for $60 and sells it again for $70, so he makes a profit of $10. In the second trade, ... and the total earnings are $70 + $90 = $160. The overall profit is therefore $160 - $140 = $20.

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