Question
In Banking Industry, what is true about CASA.
i. It stands for Current Account and Saving Account ii. CASA represents the low-cost funds available to the bank iii. Banks pay zero interest on the balances on Current AccountsSolution
CASA ratio of a bank is the ratio of deposits in current and saving accounts to total deposits. A higher CASA ratio indicates a lower cost of funds, because banks do not usually give any interests on current account deposits and the interest on saving accounts is usually very low 3-4%. Only few banks (e.g. YES Bank and Kotak Mahindra Bank) pay higher interest of around 6% on Saving Account balance.
Which Act ended the monopoly of the East India Company in India under British rule?
Which of the following is NOT included in the provisions of a Money Bill under Article 110 of the Indian Constitution?Â
Which is the first Indian state to pass the Lokayukta Act?
Which amendment to the Indian Constitution added the Ninth Schedule?
Which aspect of the Indian Constitution was inspired by the ‘Instrument of Instructions’ in the Government of India Act, 1935?
Which of the following is NOT a Fundamental Duty under the Indian Constitution?
Which of the following is not a part of the Fundamental Duties under the Indian Constitution?
Who was the first President of India?
The concept of ‘Directive Principles of State Policy’ in the Indian Constitution is borrowed from which country’s constitution.
The "Right to Property" ceased to be a Fundamental Right after which constitutional amendment?
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