[Solved] Bank rate means

McqMate

Q.	Bank rate means
A.	The rate of interest charged by the bank on advances
B.	The rate of interest paid by banks on the deposits
C.	The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks
D.	None of the above
E.	All of the above
Answer» C. The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks

921

0

Do you find this helpful?

9

View all MCQs in

Banking Awareness

Discussion

No comments yet

Related MCQs

Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up ‗Base rate‘ for banks?
Base Rate is the rate below which no Bank can allow their lending to anyone. Who will fix this ‗Base Rate‘ for Banks?
What is the ―USP‖ in a Savings Bank account of a Bank over another Bank?
On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was
The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Vijaya Bank has been adjudged ‗Best Bank for SME Lending‘ in PSB category by Assocham at the 4th SMEs excellence Awards. The bank is headquartered at
The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
Prathama Bank is the first Regional Rural Bank (RRB) of India established on 2 Oct, 1975, with its Head Office at Moradabad. The bank was sponsored by
ICICI Bank and Axis Bank has sold Rs.1, 800 crores of loans to paper maker Ballarpur Industries Ltd to Edelweiss Asset Reconstruction Company. Who is present CEO of Axis Bank?