what is crr
Answers were Sorted based on User's Feedback
Answer / md sultan raza
CRR means Cash Reserve Ratio.By the rule of RBI every banks
has to keep a certain percentage of cash with the RBI.that
ratio is cash Cash Reserve Ratio
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / rizwana khatoon,iabm, noida
crr means cash reserve ratio-
This is the amount of money that the banks have to
necessarily park with the RBI. The base of this is the
total of the deposits that a bank has. The RBI pays the
bank interest on the amount parked with it.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / jiban tripathy
CRR means cash reserve ratio.as per RBI guidelines all bank
has to keep certain percentage of customer deposit with
RBI.The said amount is regulated by RBI AND GIVES SOME
interest on such deposit . by this it can reflect strength
of nationalisaed banks.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rajesh
crr means cash reserve ratio. It is the tool used by the
RBI to control the inflation.
| Is This Answer Correct ? | 1 Yes | 1 No |
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
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