Interested to Buy Any Domain ? << Click Here >> for more details...
We are receiving inflation in a numeric value. Can you
explain how the number is arrived??
And CRR is the ratio of the money the Bank/institution has
to keep the money with the RBI. Is there any interest being
paid by RBI to the Bank for the cash reserve fund with the
RBI?
- 1 Answers
- 4281 Views
- I also Faced
- E-Mail Answers
Answer Posted / himanshu
Inflation is calculated on the basis of whole sale price
index. Example-
Say there are six commodities which are traded in a country
whose price are Rs5,10,15,20
the avg price would be 5+10+20+15/4 = 12.5
now the avg price in the next yr raises to 13.5
the rate of inflation would be=1/12.5 *100= 8%
CRR is the ammount which commercial banks have to park wid
RBI and RBI pays interest on it.
| Is This Answer Correct ? | 11 Yes | 1 No |
Post New Answer View All Answers
Where are SEBI headquarters located?
What happens when reserve bank of india reduces the bank rate by 1%?
When was rbi nationalized?
What is the source of income for NIACL?
What Is Commercial Bank?
Compare convertible & non-convertible debentures.
How many number of SBI branches are present in India?
What Entry Will Be Passed, When Debentures Are Issued at Par?
What Is Capital Gain? Explain Long Term Capital Gains And How Is It Different From Short Term Capital Gains?
Does the president have the power to allocate funds,without Legislative approval, to be used directly by individual companies?
Explain the process to compute it?
Which newspaper do you read? Any latest news you can recall?
What are direct taxes and indirect taxes?
What is usance promissory note?
What is Incorporation Certificate?
