Question
Bank Rate is also known
as:Solution
Bank rate is also referred to as the discount rate. It is the rate of interest at which RBI is ready to buy or rediscount bills of exchange or other commercial papers. No securities are pledged.
The term 'Days of Grace' in relation to a bill of exchange refers to:
A bill of exchange drawn on 15th March for 2 months will mature on:
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
Noting charges are recoverable from:
Which of the following is an example of transaction in money under GST laws
Noting charges are ultimately borne by the:
Accounts relating to income, revenue, gain expenses, and losses are termed as:
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fa...
A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
