RBI pays interest on CRR balances of banks at _____. – McqOptions

MCQOPTIONS

1.	RBI pays interest on CRR balances of banks at _____.
A.	Bank Rate
B.	Repo Rate
C.	Bank Rate minus 2%
D.	Zero %
Answer» E.

Discussion

No Comment Found

Related MCQs

Level 1 is the most basic type of ADR where the foreign company
Which of the following statement is incorrect
Select the false one/ones from statements given below: 1. Exchanging the loan particular interest rate for another at lowest interest rate is called interest swap. 2. One debt being exchanged by another for a fresh term of repayment scheduled at the same or lower interest rate called debt swap.
When RBI is the lender of last resort what does it mean?
Which of the following is incorrect:
Which of the following is true about the restrictions on RBI? (i) It is not to compete with the commercial banks. (ii) It is not allowed to pay interest on its deposits. (iii) It cannot engage directly or indirectly in trade. (iv) It cannot acquire or advice loans against immovable property. (v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
Which of the following is true about the functions performed by RBI - (i) It is the Bank of Issue (ii) It acts as banker to the Government (iii) It is the banker of other banks (iv) It regulates the flow of credit
Consider the following statement regarding India millennium deposit: 1. It was started by SBI (State Bank of India). 2. This plan is only for non residents 3. It s maturity period is 6 years Choose correct options.
SEBI has constituted a committee under TK Viswanathan for ________.
Economy survey in our country published officially every year by the: