Monetry Policy Review: Reduction in Rates: Money gets cheaper
The RBI changed Interest rates after the Monetary Policy review meet held on 17th April 2012; Under-mentioned are updated rates. Bank Rate – 9%, Repo Rate – 8%, Reverse Repo rate – 7%, Cash Reserve Ratio – 4.75%, Statutory Liquidity Ratio – 24%, Base Rate – 10% to 10.75%, Deposit Rates – 8.5% to 9.25%
Read more...Economic, Banking and Trade related Terms and Their Definitions
Economic, Trade and Banking related Terms and Definitions Ante date: To give a date prior to that on which it is written, to any cheque, bill or any other document. Appreciation of Money: It is a rise in the value of money caused by a fall in the general price level. . Assets: Property of any kind available towards the discharge of the liabilities of a testator, intestate debtor or company. At Sight: A…
Read more...Tags:Bank Draft , Bank Rate , Banking and Trade related Terms and Their Definitions , banking definitions , banking terms , Cash Reserve Ratio (CRR) , Central Bank , Cheque , Clearing Bank , Clearing House , Commercial Bank , Commercial Bill , Commercial paper , Decision making , Deflation , Demand , Demand decrease , Demand increase , Determinant , Determinants of supply s of demand , Distribution , Division of labor , Durables , Economic , economic definitions , Economic growth , Economic system , economic terms , Economic wants , Entrepreneur , Entrepreneurship , Equilibrium price , Exchange , Exchange rates , Excise Tax , Exports
General Awareness;Important Economic/Banking Terms and Definitions
1. Bank Draft – Banker’s draft is a negotiable claim drawn upon a bank. Drafts are as good as cash. The drafts cannot be returned and unpaid. 2. Bank Rate – Bank rate is the rate of discount at which the central bank of the country discount first class bills. It is the rate of interest at which the central bank lends money to the lower banking institutions. Bank rate…
Read more...Tags:Bank Draft , Bank Rate , banking definitions , banking terms , Cash Reserve Ratio (CRR) , Central Bank , Cheque , Clearing Bank , Clearing House , Commercial Bank , Commercial Bill , Commercial paper , economic definitions , economic terms