Consider the following statements regarding instruments of Monetary Policy:
I. The Repo rate is the interest rate at which the Reserve Bank provides overnight liquidity to banks.
II. The Bank rate is the rate at which the RBI is ready to buy or rediscount bills of exchange or other commercial papers.
III. The Cash Reserve Ratio is the average daily balance that a bank is required to maintain with the RBI as a share of such percent of its Net Demand and Time Liabilities (NDTL).
Which of the statements given above is/are correct?
Statement I is correct- The Repo rate is the interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the liquidity adjustment facility (LAF), Statement II is correct - Bank rate is the rate at which the RBI is ready to buy or rediscount bills of exchange or other commercial papers. The Bank Rate is published under Section 49 of the RBI Act, 1934. Statement III is correct - Cahs reserve ratio is the average daily balance that a bank is required to maintain with the Reserve Bank as a share of such per cent of its Net demand and time liabilities (NDTL) that the Reserve Bank may notify from time to time in the Gazette of India.
What is the penalty for alteration, destruction, etc., of records and failure to protect the electronic database of Board?
A sells a property owned by him to B and C. B and C are different buyers and have purchased the property in two unequal halves with different amount of ...
The directors, partners and one representative of operational creditors, may attend the meetings of committee of creditors but shall not have any right...
W was ill-treated by her husband, H.Being fed up by the behaviour of H, W decided to end her life. She also had a child who was often ill-treated by his...
The first meeting of the committee of creditors shall be held within seven days of the_______________
What is oral evidence?
Ab invito means
What is the validity period of a Shelf Prospectus as per the Companies Act?
Rule against perpetuity is applicable to:
No person under the age of 18 years shall drive a motor vehicle in________.