Question
Identify the correct statement about marginal standing
facility.Solution
Marginal Standing Facility (MSF): It is a facility under which scheduled commercial banks can borrow additional amount of overnight money from the Reserve Bank by dipping into their Statutory Liquidity Ratio (SLR) portfolio up to a limit at a penal rate of interest. This provides a safety valve against unanticipated liquidity shocks to the banking system.
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The difference between the compound interest compounded annually and simple interest of a sum at 6% p.a. for 2 years is Rs. 36. Find the sum.
A sum of Rs. 3100 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
