what is bank rate?

Answer Posted / sonali

Bank rate is the rate of interest charged by the central
bank (in india its RBI)on the loans given to other
commercial banks and financial institutes. It is also nkown
as the discount rate.

Is This Answer Correct ?    20 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Define `Realisation` Account? Explain the salient features?

2682


HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?

1657


can payorder be issued for outstation?if yes then how?should it be account payee?

1939


what is non stock?

2303


A----------involves transfer of money or moneys worth from one person to another

1532






Why do you want to work for us?

1552


What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?

1906


what is controlership?

1961


Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

706


MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?

1575


Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.

1711


what is duties and responsibilities for clark working in sbi

1894


how there face in lvbank interview

1697


An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1623


i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.

1897