Question
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 (NDT
- L . Which of the statements given above is/are correct?
More Banking System in India Questions
- As per Union Budget 2025-26, what is the revised credit guarantee cover for startups under the government’s initiative?
- In the RBI’s circular on hedging foreign exchange risk, what is the maximum notional amount for derivative contracts involving INR without requiring underl...
- The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before returnin...
- Under what condition can an IFSC Banking Unit (IBU) conduct business in Indian Rupees (INR) as per the IFSCA (Banking) Regulations 2020?
- During the financial year 2023-24, A had cash sales of ₹3,90,000 and credit sales of ₹1,60,000. His expenses for the year were ₹2,70,000, out of which ₹80,...
- An account that a correspondent bank holds on behalf of another bank is called:
- Planning involves A) Forecasting B) Choice among alternative courses of action. C) Wishful thinking D) Decision only by production manager
- As per the accounting standards, the impairment loss on a revalued asset is recognised in _______
- Calculate Operating Ratio:
- What does the seventh and eighth character in the Swift Code represent?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
