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The table given below shows the value of reserves of four banks with RBI over a period of 12 months in the year 2016.
Note: The price of gold remains constant during a month.
Q. Assume that value of Gold remained stable over the twelve month period and was equal to Rs. 30 crores per quintal. In which among the following months is the total value of reserves of ICICI Bank with RBI the lowest?
  • a)
    May
  • b)
    July
  • c)
    September
  • d)
    March
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The table given below shows the value of reserves of four banks with ...
Total reserves of ICICI bank is the lowest in May with value of 32.6 × 30 + 2543 i.e. Rs. 3521 crores.
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The table given below shows the value of reserves of four banks with RBI over a period of 12 months in the year 2016.Note: The price of gold remains constant during a month.Q. Assume that value of Gold remained stable over the twelve month period and was equal to Rs. 30 crores per quintal. In which among the following months is the total value of reserves of ICICI Bank with RBI the lowest?a)Mayb)Julyc)Septemberd)MarchCorrect answer is option 'A'. Can you explain this answer?
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