If the expenditure of foreign Banks in 2020-2021 is equal to their income in that year and is equal to Rs. 60,000 crore, then in 2022-2023, what is the difference in income and expenditure of Foreign Banks?
- ((a))
Rs. 3984 crore
- ((b))
Rs. 4000 crore
- ((c))
Rs. 5462 crore
- ((d))
Rs. 3460 crore
Show Answer
Rs. 3984 crore
Given:
Expenditure of Foreign Banks in 2020-2021 = Income of Foreign Banks in 2020-2021 = Rs. 60,000 crore
Percentage increase in income of Foreign Banks:
2021-2022 = 9%
2022-2023 = 12%
Percentage increase in expenditure of Foreign Banks:
2021-2022 = 4%
2022-2023 = 11%
Formula used:
Income in 2021-2022 = Income in 2020-2021 × (1 + Percentage increase in 2021-2022)
Income in 2022-2023 = Income in 2021-2022 × (1 + Percentage increase in 2022-2023)
Expenditure in 2021-2022 = Expenditure in 2020-2021 × (1 + Percentage increase in 2021-2022)
Expenditure in 2022-2023 = Expenditure in 2021-2022 × (1 + Percentage increase in 2022-2023)
Difference in income and expenditure in 2022-2023 = Income in 2022-2023 - Expenditure in 2022-2023
Calculations:
Income in 2021-2022 = 60,000 × 1.09
⇒ Income in 2021-2022 = 65,400 crore
Income in 2022-2023 = 65,400 × 1.12
⇒ Income in 2022-2023 = 73,248 crore
Expenditure in 2021-2022 = 60,000 × 1.04
⇒ Expenditure in 2021-2022 = 62,400 crore
Expenditure in 2022-2023 = 62,400 × 1.11
⇒ Expenditure in 2022-2023 = 69,264 crore
Difference in income and expenditure in 2022-2023 = 73,248 - 69,264
⇒ Difference = 3,984 crore
∴ The difference in income and expenditure of Foreign Banks in 2022-2023 is Rs. 3,984 crore.





