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At a meeting of 100 people, there were 23 Indian men and 29 Indian women. Of these Indians, 4 were dentists and 24 were either men or dentists. Assume that there were no foreign dentists. How many foreigners attended the meeting?  
  • a)
    45
  • b)
    46
  • c)
    47
  • d)
    48
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
At a meeting of 100 people, there were 23 Indian men and 29 Indian wom...
Understanding the Problem
To find the number of foreigners in a meeting of 100 people, we need to analyze the given information about the Indian attendees.
Information Breakdown
- Total attendees: 100 people
- Indian men: 23
- Indian women: 29
- Total Indians: 23 + 29 = 52
Calculating Dentists and Overlap
- Indian dentists: 4
- Indians who are either men or dentists: 24
This tells us that the overlap of men and dentists among Indians needs to be carefully considered.
Identifying Indian Men who are Dentists
Since there are 4 Indian dentists and the total number of Indians who are either men or dentists is 24, we can set up the equation:
- Total Indian men: 23
- Total Indian dentists: 4
Using the principle of inclusion-exclusion:
- Indian men who are not dentists: 23 - x
- Indian dentists who are men: x (where x is the number of Indian dentists who are men)
The equation can be simplified to find the value of x.
Solving for Foreigners
Now, let's analyze the numbers:
- Total Indians (52) include 4 dentists, meaning 48 are not dentists.
- Since there are 24 who are either men or dentists, overlapping those gives us 24 - 4 = 20 Indians who are either men or not dentists.
Now we can find the number of foreigners:
- Total people: 100
- Total Indians: 52
So, the number of foreigners is:
100 - 52 = 48
Conclusion
Thus, the number of foreigners who attended the meeting is:
48 (Correct answer is option 'D').
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Direction: Read the following passage carefully and answer the question given below it.India embarked on a gradual shift towards capital account convertibility with the launch of the reforms in the early 1990s. Although foreign natural persons except NRIs are prohibited from investing in financial assets, such investments were permitted through Foreign Institutional Investor (FIIs) and Overseas Corporate Bodies (OCBs) with suitable restrictions. Ever since September 14, 1992, when FIIs were first allowed to invest in all the securities traded on the primary and secondary markets, including shares, debentures and warrants issued by companies which were listed or were to be listed on the Stock Exchanges in India and in the schemes floated by domestic mutual funds, the holding of a single FII and of all FIIs, Non-resident Indians (NRIs) and OCBs in any company were subject to the upper limit of 5 per cent and 24 per cent of the company's total issued capital, respectively. Furthermore, funds invested by FIIs had to have at least 50 participants with no one holding more than 5 per cent to ensure a broad base and preventing such investment acting as a camouflage for individual investment in the nature of Foreign Direct Investment (FDI) and requiring Government approval.Initially the idea of allowing FIIs was that they were broad-based, diversified funds, leaving out individual foreign investors and foreign companies. The only exceptions were the NRI and OCB portfolio investments through the secondary market, which were subject to individual ceilings of 5 per cent to prevent a possible "take over." OCB investments through the portfolio route have been banned since November, 2001.In February 2000, the FII regulations were amended to permit foreign corporate and high net worth individuals to also invest as sub-accounts of Securities and Exchange Board of India (SEBI)-registered FIIs. Foreign corporate and high net worth individuals fall outside the category of diversified investors. FIIs were also permitted to seek SEBI registration in respect of sub-accounts for their clients under the regulations. A Working Group for Streamlining of the Procedures relating to FIIs constituted in April, 2003 by the Government, inter alia, recommended streamlining of SEBI registration procedure, and suggested that dual approval process of SEBI and RBI be changed to a single approval process of SEBI. This recommendation has been implemented.Like in other countries, the restrictions on FII investment have been progressively liberalized. From November 1996, any registered FII willing to make 100 per cent investment in debt securities were permitted to do so subject to specific approval from SEBI as a separate category of FIIs or sub-accounts as 100 per cent debt funds. Moreover, investments were allowed only in debt securities of companies listed or to be listed in stock exchanges. Investments were free from maturity limitations.How, according to the passage, did the foreign companies manage to invest directly into the Indian share market?

Direction: Read the following passage carefully and answer the question given below it.India embarked on a gradual shift towards capital account convertibility with the launch of the reforms in the early 1990s. Although foreign natural persons except NRIs are prohibited from investing in financial assets, such investments were permitted through Foreign Institutional Investor (FIIs) and Overseas Corporate Bodies (OCBs) with suitable restrictions. Ever since September 14, 1992, when FIIs were first allowed to invest in all the securities traded on the primary and secondary markets, including shares, debentures and warrants issued by companies which were listed or were to be listed on the Stock Exchanges in India and in the schemes floated by domestic mutual funds, the holding of a single FII and of all FIIs, Non-resident Indians (NRIs) and OCBs in any company were subject to the upper limit of 5 per cent and 24 per cent of the company's total issued capital, respectively. Furthermore, funds invested by FIIs had to have at least 50 participants with no one holding more than 5 per cent to ensure a broad base and preventing such investment acting as a camouflage for individual investment in the nature of Foreign Direct Investment (FDI) and requiring Government approval.Initially the idea of allowing FIIs was that they were broad-based, diversified funds, leaving out individual foreign investors and foreign companies. The only exceptions were the NRI and OCB portfolio investments through the secondary market, which were subject to individual ceilings of 5 per cent to prevent a possible "take over." OCB investments through the portfolio route have been banned since November, 2001.In February 2000, the FII regulations were amended to permit foreign corporate and high net worth individuals to also invest as sub-accounts of Securities and Exchange Board of India (SEBI)-registered FIIs. Foreign corporate and high net worth individuals fall outside the category of diversified investors. FIIs were also permitted to seek SEBI registration in respect of sub-accounts for their clients under the regulations. A Working Group for Streamlining of the Procedures relating to FIIs constituted in April, 2003 by the Government, inter alia, recommended streamlining of SEBI registration procedure, and suggested that dual approval process of SEBI and RBI be changed to a single approval process of SEBI. This recommendation has been implemented.Like in other countries, the restrictions on FII investment have been progressively liberalized. From November 1996, any registered FII willing to make 100 per cent investment in debt securities were permitted to do so subject to specific approval from SEBI as a separate category of FIIs or sub-accounts as 100 per cent debt funds. Moreover, investments were allowed only in debt securities of companies listed or to be listed in stock exchanges. Investments were free from maturity limitations.How, according to the passage, did the foreign companies manage to invest directly into Indian share market?

Direction: Read the following passage carefully and answer the question given below it.India embarked on a gradual shift towards capital account convertibility with the launch of the reforms in the early 1990s. Although foreign natural persons except NRIs are prohibited from investing in financial assets, such investments were permitted through Foreign Institutional Investor (FIIs) and Overseas Corporate Bodies (OCBs) with suitable restrictions. Ever since September 14, 1992, when FIIs were first allowed to invest in all the securities traded on the primary and secondary markets, including shares, debentures and warrants issued by companies which were listed or were to be listed on the Stock Exchanges in India and in the schemes floated by domestic mutual funds, the holding of a single FII and of all FIIs, Non-resident Indians (NRIs) and OCBs in any company were subject to the upper limit of 5 per cent and 24 per cent of the company's total issued capital, respectively. Furthermore, funds invested by FIIs had to have at least 50 participants with no one holding more than 5 per cent to ensure a broad base and preventing such investment acting as a camouflage for individual investment in the nature of Foreign Direct Investment (FDI) and requiring Government approval.Initially the idea of allowing FIIs was that they were broad-based, diversified funds, leaving out individual foreign investors and foreign companies. The only exceptions were the NRI and OCB portfolio investments through the secondary market, which were subject to individual ceilings of 5 per cent to prevent a possible "take over." OCB investments through the portfolio route have been banned since November, 2001.In February 2000, the FII regulations were amended to permit foreign corporate and high net worth individuals to also invest as sub-accounts of Securities and Exchange Board of India (SEBI)-registered FIIs. Foreign corporate and high net worth individuals fall outside the category of diversified investors. FIIs were also permitted to seek SEBI registration in respect of sub-accounts for their clients under the regulations. A Working Group for Streamlining of the Procedures relating to FIIs constituted in April, 2003 by the Government, inter alia, recommended streamlining of SEBI registration procedure, and suggested that dual approval process of SEBI and RBI be changed to a single approval process of SEBI. This recommendation has been implemented.Like in other countries, the restrictions on FII investment have been progressively liberalized. From November 1996, any registered FII willing to make 100 per cent investment in debt securities were permitted to do so subject to specific approval from SEBI as a separate category of FIIs or sub-accounts as 100 per cent debt funds. Moreover, investments were allowed only in debt securities of companies listed or to be listed in stock exchanges. Investments were free from maturity limitations.What can serve as the possible reason for limiting the individual investments to only 5% of the issued capital of Indian companies?

Direction: Read the following passage carefully and answer the question given below it.India embarked on a gradual shift towards capital account convertibility with the launch of the reforms in the early 1990s. Although foreign natural persons except NRIs are prohibited from investing in financial assets, such investments were permitted through Foreign Institutional Investor (FIIs) and Overseas Corporate Bodies (OCBs) with suitable restrictions. Ever since September 14, 1992, when FIIs were first allowed to invest in all the securities traded on the primary and secondary markets, including shares, debentures and warrants issued by companies which were listed or were to be listed on the Stock Exchanges in India and in the schemes floated by domestic mutual funds, the holding of a single FII and of all FIIs, Non-resident Indians (NRIs) and OCBs in any company were subject to the upper limit of 5 per cent and 24 per cent of the company's total issued capital, respectively. Furthermore, funds invested by FIIs had to have at least 50 participants with no one holding more than 5 per cent to ensure a broad base and preventing such investment acting as a camouflage for individual investment in the nature of Foreign Direct Investment (FDI) and requiring Government approval.Initially the idea of allowing FIIs was that they were broad-based, diversified funds, leaving out individual foreign investors and foreign companies. The only exceptions were the NRI and OCB portfolio investments through the secondary market, which were subject to individual ceilings of 5 per cent to prevent a possible "take over." OCB investments through the portfolio route have been banned since November, 2001.In February 2000, the FII regulations were amended to permit foreign corporate and high net worth individuals to also invest as sub-accounts of Securities and Exchange Board of India (SEBI)-registered FIIs. Foreign corporate and high net worth individuals fall outside the category of diversified investors. FIIs were also permitted to seek SEBI registration in respect of sub-accounts for their clients under the regulations. A Working Group for Streamlining of the Procedures relating to FIIs constituted in April, 2003 by the Government, inter alia, recommended streamlining of SEBI registration procedure, and suggested that dual approval process of SEBI and RBI be changed to a single approval process of SEBI. This recommendation has been implemented.Like in other countries, the restrictions on FII investment have been progressively liberalized. From November 1996, any registered FII willing to make 100 per cent investment in debt securities were permitted to do so subject to specific approval from SEBI as a separate category of FIIs or sub-accounts as 100 per cent debt funds. Moreover, investments were allowed only in debt securities of companies listed or to be listed in stock exchanges. Investments were free from maturity limitations.Which of the following, according to the passage, shows the feasibility to invest in Indian companies?

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At a meeting of 100 people, there were 23 Indian men and 29 Indian women. Of these Indians, 4 were dentists and 24 were either men or dentists. Assume that there were no foreign dentists. How many foreigners attended the meeting?a)45b)46c)47d)48Correct answer is option 'D'. Can you explain this answer?
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