what do u mean by CRR?

Answer Posted / sangeeta sunaiya

it means cash reserve ratio means bank keeps some
permanent amoumt of deposits with rbi this amount can not
be used by bank at present it 7.50%

Is This Answer Correct ?    15 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to entery pass in tally when items damage(items insured)and claim to insurance co.

2021


What is Home Loan Modification?

1710


what is similarites between tata motors and airtel

2163


Expand RMP

1822


what are the content of purchase order?

1628






1. Fdr mature with interest

1357


We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.

1379


pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

1540


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3750


DESCIBE EXPORT PROCEDURE

1530


What is the procedure to take loan

1687


What is money measurement concept

1669


Who is the maker of the promissory note

1521


payroll calculation procedure explain completely?

2039


Expand---------PED

1601