EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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Bank rate means______.
(a)The rate of interest charged by commercial banks on advances.
(b)The rate at which commercial banks discount bills of exchange for their clients.
(c)The rate of interest allowed by banks on the deposits.
(d)The standard rate at which the Reserve Bank of India is prepared to buy or rediscount bills of exchange or other commercial paper which are eligible for purchase under the Reserve Bank of India Act,
(e)None of the above

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Important Questions on Banking Regulation System of India
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called _____.

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals, and other short-term securities as a reserve all the time in the banking world, this is known as _____.

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The term 'Currency of India' refers to _____.

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The ratio of the Cash Reserves that the banks are required to keep with the RBI is known as _____.

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The term 'Ways and Means' advances refers to _____.

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The rate of interest banks charge their main/major and prime customers is popularly called as_____.

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The term 'BSR' refers to _____.

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The note-issue system in India is based on _____.
