what is bank rate?

Answer Posted / manmeet

Bank rate, also referred to as the discount rate, is the
rate of interest which a central bank charges on the loans
and advances that it extends to commercial banks and other
financial intermediaries. Changes in the bank rate are
often used by central banks to control the money supply.

Is This Answer Correct ?    16 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------PCDB

1588


The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry

1658


Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

1589


interest paid comes under which head

1039


Feature of Master letter of credit of Garments manufacturing company?

1453






What are Corporate Action?

2235


what is payment method?How many payment method we can assign to company code.

1252


We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

1603


EXPAND_________SEC

1785


If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?

1683


Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry

1777


During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

1508


we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?

1494


what is mean by T and E cosept

1592


fill in the Blanks Share Holders in Company have _____________Liability

1545