what is repo rate?
Answer Posted / s m mashuque
Repo rate refers to the interest rate at which RBI lends to
banks in short term or overnight, while reverse repo is the
rate for borrowing from banks.
Is This Answer Correct ? | 305 Yes | 46 No |
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You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
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What is miscellaneous expense and when it is used
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INTE3RNATIONAL ACCOUNTING STD
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Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
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Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts