Question
What is the rate of interest earned on CRR maintained by
banks with RBI?Solution
Banks in India are required to hold a certain proportion of their deposits in the form of cash. However banks do not hold these as cash with themselves; they deposit such cash (i.e. currency chests) with RBI, which is considered as equivalent to holding cash with them. This minimum ratio (that is the part of the total deposits to be held as cash) is stipulated by the RBI and is known as the CRR or Cash Reserve Ratio. Note – the bank does not earn any interest on these cash deposits kept with the RBI. Snapshot from study notes of the ixamBee SEBI course covering topic in crisp and easy to remember format
Tap A can fill a tank in 20 hours and tap B can emptied it is 25 hours. Tap A starts filling and they opened for 1 hour each alternatively in what time...
Pipe A and B can fill the pool in 36 minutes and 48 minutes, respectively. Pipe C can empty half filled pool in 36 minutes. If all the pipes are opened ...
Pipes βAβ and βBβ can fill a tank in 6 hours and 9 hours, respectively. If pipe βCβ is opened along with pipes βAβ and βBβ, then the...
Pipe βAβ can fill a tank in 30 hours while pipe βBβ can empty it in 40 hours. They were operated on alternate hours starting with pipe βAβ. ...
Pipe L can fill a pool in 30 hours and pipe M in 45 hours. If both the pipes are opened in an empty pool, how much time will they take to fill it?
Tap A can fill a tank in 8 hours. Tap B can fill 12.5% part of the same tank in 2 hours, whereas Tap C can alone empty a tank in βxβ hours. 5/8 part...
Pipe ‘A’ and pipe ‘B’, together can fill 20% of a tank in 5 hours while pipe ‘C’ takes 40 hours to empty it. ...
Pipe A and Pipe B together can fill the tank in 15 hours. The capacity of the pipe A is 20% of the capacity of the pipe B. How much time will pipe B alo...
Pipes P and Q can fill a tank in 90 minutes and 60 minutes respectively. Another pipe R can drain the tank in 2 hours 30 minutes. Q and R are opened tog...
Tap A is 100% more efficient than tap B. Both the taps together can fill the tank in 6 hours. Find the time taken by tap C, which is 50% more efficient...