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
- 4182 Views
- I also Faced
- E-Mail Answers
Answer / 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 |
What is debit card?
0 Answers State Bank Of India SBI,
What Will Happen In My Chapter 7 Case After I File All These Documents?
What is 'securities transaction tax (stt)'?
How many types of debit card do the banks provide to their customers in india?
Full form of SIDBI? Does it play any role in removing unemployment?
What is SEBI?
40 Answers GTL, HLL, IBM, ICICI, SEBI, State Bank Of India SBI, Syntel, United Company,
what is equity
Who are current Miss India, Miss World, Miss Universe etc.?
What is the difference between nationalized banks and private banks?
What is the theme of the Olympic Torch?
What is the scope of finance function?
What is current GDP of India?
-
Business Administration (517) - Marketing Sales (1279)
- Banking Finance (3209)
- Human Resources (747)
- Personnel Management (68)
- Hotel Management (29)
- Industrial Management (113)
- Infrastructure Management (14)
- IT Management (97)
- Supply Chain Management (16)
- Operations Management (39)
- Funding (79)
- Insurance (494)
- Waste Management (1)
- Labor Management (48)
- Non Technical (73)
- Business Management AllOther (546)
