SEE Exam Set 2080 8 Min Rec.
Q53
MathematicsChapter 04: Currency Exchange & Money Exchange
Question No. 53
Problem Statement

Anish has returned back to Nepal from United Arab Emirate after 5 years. He earned 60,000 United Arab Emirate Dirhams and exchanged it with the Nepali rupees at the exchange rate of 1 Dirham = Rs. 34.83. He deposited the sum in the fixed deposit account of Nepal Bank for 1 year as per the following rate of interest compounded semi-annually: Up to 6 months: 9%, minimum deposit Rs. 50,000. From 6 months to 1 year: 10%, minimum deposit Rs. 50,000. From 1 year to 5 years: 12%, minimum deposit Rs. 75,000. Which body of government decides the exchange rate of currency in our country?

High Frequency SEE Question Difficulty: Moderate

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Question 53 of 66(Compulsory Math SEE Bank)
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