what is bank rate?

Answer Posted / arobindo ghosh

Bank rate simply means a rate at which central bank lends
money to the commercial bank

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the fifth year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% per annum at the end of the 5th year the securities were sold for Rs.62,200 and the old machinery was sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.Pass the journal entries and show the ledger accounts

1449


what do you mean by correlation ? explain different types of correlation

4402


i lost my "h" form . so what can i do now? pl replay me mr.smp@rediffmail.com

1614


how do you plan to use this degree

1659


. How do you analyse Inventory Shrinkages?

2468






If you are working in a super market, what techniques/ tools you will use in data collection. How are you going to analysis the data and make inferences? How will you finally apply your market research to improve sales and win over customers?

2663


I have done B.Sc. in Biotechnology and I've applied for MBA in Health Care Management, How can I relate biotechnology to Health care management?

1756


what is ur outlook in life???

1845


examine the importance of the differences that exist between the cash book balance and the bank statement balance to a modern commercialist.

1558


What challenges do you foresee and how do you plan to overcome these?

3863


wht kind of r mostly asked in bank po interview and tell me and how the merit list is prepared in such a exam

2012


Difference between business rules, performance rule and application design technical rules

1387


Under Operatons, What are the principles of control and Mangement?

1608


if i (outside from andhrapradesh) buy granite from a company in andhrapradesh on H form and i fail to give him the H form to the company what will be the tax liability to this company in andhrapradesh

1592


What are some examples of sign and symbols of corporate culture?

2706