7. As we all know the Bank Rate at present is fixed at 6%. What does it J mean in context to the banking operations? ia) No bank will be able to give loan to any party on a rate lower than the Bank Rate b) Bank should give loan to their priority sector customers/ borrowers at the rate of 6% only. They cannot charge less or more than this from their priority sector clients c) Banks are required to invest 6% of their total capital on financial inclusion and inclusive banking operations (d) Banks will i.e. required to give 6% of their total deposits to the Govt, of India for meeting its Balance of Trade requirements (e) None of these Please read full Important article with answers at ===================>>>>>>>>>>> iaspaper.org.in/2013/06/model-test-12.html
Posted on: Mon, 09 Sep 2013 11:07:14 +0000
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