Question
Bank rate isĀ
Solution
Bank rate , also referred to as theĀ discount rate Ā in American English, is theĀ rate of interestĀ which aĀ central bankĀ charges on the loans and advances to aĀ commercial bank. The bank rate is known by a number of different terms depending on the country and has changed over time in some countries as the mechanism used to manage the rate have changed.
The primary function of Audit is:
(i) to verify the accuracy and completeness of accounts.
(ii) to secure that all revenue and receipts co...
ABC Ltd. reports two inventory items: Item A ā Cost ā¹10 lakh, NRV ā¹12 lakh; Item B ā Cost ā¹8 lakh, NRV ā¹6 lakh. How should inventory be valu...
A cost that remains unchanged in total, regardless of changes in the level of activity, within a relevant range is a:
Donations made to the PM CARES Fund are eligible for deduction under which section of the Income Tax Act?
The coefficient of correlation takes the value in which of the following ranges?
An audit which is authorized, governed and made compulsory under law is known as:
A company manufactures goods with normal loss of 5%. In one batch, due to worker negligence, loss rose to 12%. At what level should inventory be valued?
The point of tangency between efficient frontier and risk-return indifferences curve depicts:
Amazon and Flipkart are examples of:Ā
The primary objective of cash flow statement is to provide information about:
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