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What is the purpose of the India Brand E...

What is the purpose of the India Brand Equity Fund ?

A

To promote in-bound tourism.

B

To make 'Made in India' a label of quality.

C

To organise trade fairs.

D

To provide venture capital to IT sector.

Text Solution

Verified by Experts

The correct Answer is:
B
To make .Male in India. a label of quantity.
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Mr. X invested a certain amount in Debt and Equity Funds in the ratio of 4:5. At the end of one year. he earned a total dividend of 30% on his investment. After one year. he reinvested the amount including the dividend in the ratio of 6:7 in Debt and Equit Fund. If the amount reinvested in Equity Funds was ₹94.500. what was the original amount invested in Equity Funds?