Question
As per the terms specified, the interest rate applicable
to an Overdraft (OD) beyond WMA will be:Solution
The pricing terms are differentiated: WMA carries the Repo Rate, while OD is priced at two percentage points above the Repo Rate. Hence, when the account moves into overdraft beyond sanctioned WMA, the rate step-up to Repo + 2% applies.
The classification of fixed and variable cost has a specific significance in the preparation of
A manufacturing company is considering expanding its production capacity by acquiring new machinery. The company is exploring the option of leasing the ...
The treasury department have evolved in importance over number of years, which of the following is not a function of treasury department:
What is the authorized share capital that the National Payments Corporation of India (NPCI) has fixed?
In which year did India's National Spot Exchange Ltd (NSEL) shut down its bullion spot exchange operations following an investigation by the Forward Mar...
In risk management (Basel framework) advanced internal ratings-based (A-IRB) approach is used for measurement of?
What should be the method of valuation for advances against financial securities like shares/debentures/bonds?
Which of the following is not considered for maintaining Statutory Liquidity Ratio (SLR) by  Scheduled Commercial Banks?
Regarding the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:
1)Â Â Â PMFBY was launched in the 2016 Kharif seas...
All the following will be included in the company’s operating activities except:
Relevant for Exams:
